Entry: Best Performance in a Bonding Email Conversation

From: bankownedwinterhaven@getresponse.com
Sent: Wednesday, January 25, 2012 3:45 PM
To: Sue 
Subject: Sue, are you an investor?

Hi Sue,

Are you looking for a house to live in or an investment property?

Warmly,

Julie
863-288-0468

Julie Matthews
Helping families and investors buy bank owned homes in Winter Haven,FL

On Wed, Jan 25, 2012 at 4:02 PM,
Sue wrote:

Hi Julie,

I am looking for a house to live in. I have family that are willing to pay cash and I will pay them back thru rental monthly payments. We’ve lost out on a few nice homes already because someone always beats us to them, or investors buy them. I am looking in Osprey Landing, Kings Pond. Not Queens Cove! The small neighborhoods where some of the homes are selling between 55K – 65K. I do have a realtor that sends me an updated listing daily with homes in the SW area of Winter Haven so I get real time updates. It seems like some people have the inside scoop though…not sure how. There is a nice home in Osprey Landing that was purchased last summer and the people have been waiting since July 2011 to get approval or so I was told by a different realtor. I found the home again online. The home is still empty. I drove by it on Sunday and it was just inspected that day because there was paperwork hanging on the garage door from Bank of America. Anyway, not sure if you would have any ideas. Thanks for your time. This is my work email.

From: lillian.deanjackson@gmail.com
Sent: Wednesday, January 25, 2012 4:17 PM

Hi Sue,

I would be happy to find out any information I can for you….

It sounds as if you might be referring to 123 Osprey Heights?

Lillian

Yes…123 Osprey, how did you know??

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From: lillian.deanjackson@gmail.com
Sent: Wednesday, January 25, 2012 5:50 PM

Hi Sue,

It so happens I am familiar with that home.

I do have a call into the listing agent, but may be tomorrow before I can find out and get back to you.

Short Sales can go thru the process in a reasonable time and unfortunately some can get quite lengthy.

But I did notice the status has not been updated in regards to closing date, so I will find out where it currently is.

I will let you know!

Have a great evening,

Lillian

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On Thu, Jan 26, 2012 at 8:11 AM, Sue wrote:

Good Morning Lillian,

That’s so kind of you to check for me…I really appreciate it.
I have heard that some short sales never go thru and I guess people give up. Is that true? Have a good day.

From: lillian.deanjackson@gmail.com
Sent: Thursday, January 26, 2012 10:31 AM

Good Morning Sue,

Yes, that is very true!  Sometimes even when someone is not in a hurry to get in their new home there comes a time when they cannot wait any longer.

I have learned the key to a smoother transaction with the bank in a short sale deal is how the paperwork is submitted.  Especially with Bank of America.
If all the paperwork is in order that is required for them, it immediately gets in the process.  If not, then it gets “hung up”.

Also, when an offer is accepted by the seller, it doesn’t mean it indeed is going to sell for that.  The bank has to approve
what they are willing to accept as they are going
to be taking a loss.  They will send appraisers out for an appraisal, then decide from there what they are willing to accept.

When you saw the notice on the property, even though the listing agent does represent the seller since they are not local, the bank still sends representatives to declare the property
vacant, occupied or tenant.  They also sometimes choose their own vendors to maintain it or will ask the listing agent to.

But through everything if a bank reaches a point where the property doesn’t sell for the amount they agree with the seller to settle, they will proceed to foreclosure.

An example would be the seller could have a 1st and 2nd mortgage on a property, or an equity line.  Quite often they will want the seller to actually pay off the 2nd mortgage, but will negotiate a lower payoff on the first. And of course, the seller is in a short sale situation because they just don’t have the resources or funds to make that happen!

I just put in a call to the listing agent again, I will let you know as soon as I hear back!

I hope you are having a great day!

Lillian

—–

On Jan 26, 2012, at 10:35 AM,
Sue wrote:

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From: Julie Matthews Group [mailto:livinginwinterhaven@gmail.com]
Sent: Saturday, January 28, 2012 11:20 AM

Good Morning Sue,

I am still trying to get an update for you! Not hacing much luck
getting a response from the listing agent, but I will be persistant!

I hope you are having a great day!

Good Morning Lillian,

Thanks again for your persistence. But I wonder how much of a chance there would be of the home being  put up for sale again? Hopefully the listing agent will respond to you. And since there is no closing date, things are definitely hung up. There are a two other homes out in Osprey that are empty…115 and 170. But I know homes can sit empty for perhaps years.  It’s just that my home is eventually going to be foreclosed on. I have spent 7K trying to get a modification thru 3 different companies/firms but have always been denied. The last one being the KEL attorneys I’m sure you’ve heard of inOrlando. As I mentioned before, my parents are going to help me out so I’m not homeless! Yes, please keep me updated and can you check on 115 and 170 also??? Thanks again for all your help.

—-

From: lillian.deanjackson@gmail.com
Sent: Monday, January 30, 2012 12:48 PM

Good Morning Sue,

I just spoke with the listing agents office… I was told  the property at 123 Osprey is available and can be shown,
although MLS does not reflect that.  Would you like to see it?

I looked up 115 and 170, they are not listed for sale.  There are 2 others out there, 116 and 168
which I have left messages for the listing agents to get a status on their contracts, they are short sales as well.

I can also do a search for you in other areas if that would be of interest to you.

Let me know!

Lillian

Hi Lillian,

Absolutely….I would love to see it asap! We’ve missed out on some good deals and I know this is a nice house! We looked thru the windows last year. Do you know the price??? We missed out on 116 two weeks ago because we were 1 day late signing the contract and an investor beat us to it. The floor plans are similar and I love them. You can always call me here at work, too. xxx-xxxx when you find out something. Thank you so much!

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From: lillian.deanjackson@gmail.com
Sent: Monday, January 30, 2012 1:41 PM

Hi Sue,

When is good for you?  I will ask Julie to give you a call and you can coordinate with her when you two are available to see 123?  I will let you know as soon as I hear back on the other 2 I inquired about.

Thank you!

Lillian

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 Hi Lillian,

I can go anytime…just need about an hour’s notice because of work. I work 8-5 M-F in Auburndale. I live about 2 minutes from Osprey Landing, too. I can see it from my kitchen window… Is this something we can do today or even after 5:00 today? Yes, please have Julie give me a call here at work…XXX-XXXX. My cell is XXX-XXXX. Home is XXX-XXXX. I don’t want to be beat out again by someone else! Thank you so much for following up for me!

—–

From: lillian.deanjackson@gmail.com
Sent: Monday, January 30, 2012 2:20 PM
Hi Sue,

You are welcome!

Julie will be calling you, I will let you know when I hear on the other 2 pendings out there.

Thank you!

From: Sue 
Date: Mon, Jan 30, 2012 at 2:21 PM
Great Lillian. Wow, you guys are really on the ball! Thank you so much!

 

**** Sue wrote an offer on 123 Osprey on Tues, Jan 31 ****

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