The PartnerFirst Active Rain Blog

LPS readies launch of short sale broker/agent network * by Kerry Curry * 2:45 PM August 26, 2010 http://www.reoi.com/news/lps-readies-launch-of-short-sale-brokeragent-network A Lender Processing Services (LPS) division will go live with its new short sale broker/agent network within 60 to 90 days...

Want to know the scoop in the short sale space? Here it is. As per an article released by REO Insider magazine last week, Matt Vernon announced a new Bank of America co-op short sale test program. The program will include roughly 2,000 homes with BofA serviced loans with one specific loan investo...

Are You Looking to Position Your Real Estate Business for Success in the NEW Default Industry? PartnerFirst's Agent Management Services is looking for Realtors that are savey with technology, REO's and short sales. Realtors needed in Florida, Virginia, North Carolina, South Carolina, Georgia, Nev...

As we all should know by now, Fannie and Freddie (GSE) HAFA guidelines were released on June 1st, 2010 and the program launched on August 1st. I haven't personally done a GSE HAFA short sale yet but I have made myself very familiar with the 22 pages of guidelines. There are many distinguishing qu...

PartnerFirst LLC, announced today that Bill Breeden has been added as a new Principal and Chief Development Officer. PartnerFirst CEO, Mark Comer, says, "We are honored and excited that a default professional of Bill's caliber has joined PartnerFirst. His background and knowledge are unrivaled in...

Hey Fellow PSC's, As I sit in front of my computer screen, I am challenged with the task of writing a "value add" blog about the short sale space. Most things I want to write about are negative, depressing, and non-productive. So, as a compromise, here is a quick glimpse of what is going on TODAY...

Greetings PSC's, I have some alarming news to report. I cannot reveal my source, however they are VERY reputable. Wachovia (formerly Golden West and World Savings) has been the sweetheart of the short sale space in the past 15-18 months. Diana Stauffer of Wachovia created the "Fast Track" short s...

Objection #2 - The Taxes Question Homeowner: Will I have to pay taxes on the forgiven amount? Before answering this question, slow down and understand where the homeowner is coming from. They have presumably heard horror stories or read articles about the dangers of the huge tax liability attache...

There are 3 major objections that every listing agent doing short sales has heard and has had to deal with. These 3 objections are usually questions asked by the seller / prospect. There are several approaches to answering these questions. However, this blog will cover the way I have overcome the...