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	<title>Real Estate Industry Blog &#187; Paul Jerome</title>
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					<h2 class="aw_page_title">About Paul Jerome</h2>
					
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						<img alt='' src='http://0.gravatar.com/avatar/0566013de36acff4dbfb64d41ee16b79?s=150&amp;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D150&amp;r=G' class='avatar avatar-150 photo' height='150' width='150' /> Clearwater, FL
Short Sale Specialist					</p>					
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					<h2 class="aw_page_title">Connect</h2>
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				<h2 class="aw_page_title">Location</h2>
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			<h2 class="aw_page_title">Posts</h2>
			
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		<title>90% Discount at Saxon in One Month!</title>
		<link>http://www.wannanetwork.com/2009/08/31/90-discount-at-saxon-in-one-month/</link>
		<comments>http://www.wannanetwork.com/2009/08/31/90-discount-at-saxon-in-one-month/#comments</comments>
		<pubDate>Mon, 31 Aug 2009 22:58:27 +0000</pubDate>
		<dc:creator>Paul Jerome</dc:creator>
				<category><![CDATA[Tips and Advice]]></category>

		<guid isPermaLink="false">http://wannanetwork.com/shortsales/?p=352</guid>
		<description><![CDATA[There are some amazing short sale transactions taking place as we speak for both buyers AND sellers.  Case in point, here’s an approval from Saxon where the buyer is able to purchase with a 90% discounted payoff and the seller obtains a full release of liability. Full Payoff on July 25th, 2009: $150,031.37 Short Payoff [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Deficiency Negotiations</title>
		<link>http://www.wannanetwork.com/2009/04/28/deficiency-negotiations/</link>
		<comments>http://www.wannanetwork.com/2009/04/28/deficiency-negotiations/#comments</comments>
		<pubDate>Wed, 29 Apr 2009 01:10:49 +0000</pubDate>
		<dc:creator>Paul Jerome</dc:creator>
				<category><![CDATA[Tips and Advice]]></category>

		<guid isPermaLink="false">http://wannanetwork.com/shortsales/?p=284</guid>
		<description><![CDATA[When there’s a second mortgage and the property value is less than the first mortgage balance, a second mortgage can forgo foreclosure and instead simply sue on the promissory note.  This means the homeowner’s woes don’t end at foreclosure – in many cases, it’s just the beginning.  I’m not trying to be a downer, but [...]]]></description>
		<wfw:commentRss>http://www.wannanetwork.com/2009/04/28/deficiency-negotiations/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Real Estate Agents MUST Be Licensed Loan Originators!</title>
		<link>http://www.wannanetwork.com/2009/03/28/real-estate-agents-must-be-licensed-loan-originators/</link>
		<comments>http://www.wannanetwork.com/2009/03/28/real-estate-agents-must-be-licensed-loan-originators/#comments</comments>
		<pubDate>Sun, 29 Mar 2009 03:20:27 +0000</pubDate>
		<dc:creator>Paul Jerome</dc:creator>
				<category><![CDATA[Tips and Advice]]></category>

		<guid isPermaLink="false">http://wannanetwork.com/shortsales/?p=258</guid>
		<description><![CDATA[Sounds like a strange title, but if the text of SB 2226 remains unchanged then Florida real estate agents negotiating short sales will have to be licensed as ‘loan originators’.  Or at least that’s my take on it.  Here’s the language on how a ‘loan originator‘ is defined (in part, with emphasis): “an individual who, [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>No Negotiation of Short Sale Commission</title>
		<link>http://www.wannanetwork.com/2009/03/04/no-negotiation-of-short-sale-commission/</link>
		<comments>http://www.wannanetwork.com/2009/03/04/no-negotiation-of-short-sale-commission/#comments</comments>
		<pubDate>Thu, 05 Mar 2009 05:38:37 +0000</pubDate>
		<dc:creator>Paul Jerome</dc:creator>
				<category><![CDATA[Tips and Advice]]></category>

		<guid isPermaLink="false">http://wannanetwork.com/shortsales/?p=238</guid>
		<description><![CDATA[&#8220;Effective March 1, 2009, closing of preforeclosure sales may not be conditioned upon a reduction of the total commission to be paid to real estate agents to a level below what was negotiated by the listing agent with the borrower, unless the fee exceeds 6 percent of the sales price of the property in aggregate. [...]]]></description>
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		<slash:comments>2</slash:comments>
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		<title>Foreclosure Defense is the Friend of ShortSale</title>
		<link>http://www.wannanetwork.com/2009/01/31/foreclosure-defense-is-the-friend-of-shortsale/</link>
		<comments>http://www.wannanetwork.com/2009/01/31/foreclosure-defense-is-the-friend-of-shortsale/#comments</comments>
		<pubDate>Sat, 31 Jan 2009 21:14:10 +0000</pubDate>
		<dc:creator>Paul Jerome</dc:creator>
				<category><![CDATA[Tips and Advice]]></category>

		<guid isPermaLink="false">http://blogs.wannanetwork.com/ShortSales/?p=213</guid>
		<description><![CDATA[The foreclosure process is either judicial (through the courts) or non-judicial (outside the courts).  I notice there are a few Californians here on the short sale blog.  California is most commonly non-judicial foreclosure through power of sale.  Most of my short sale purchases are in Florida which is judicial foreclosure. So I say, give ear [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>The BPO &#8211; The Hinge</title>
		<link>http://www.wannanetwork.com/2009/01/23/the-bpo-the-hinge/</link>
		<comments>http://www.wannanetwork.com/2009/01/23/the-bpo-the-hinge/#comments</comments>
		<pubDate>Sat, 24 Jan 2009 03:36:19 +0000</pubDate>
		<dc:creator>Paul Jerome</dc:creator>
				<category><![CDATA[Tips and Advice]]></category>

		<guid isPermaLink="false">http://blogs.wannanetwork.com/ShortSales/?p=189</guid>
		<description><![CDATA[The Broker Price Opinion (BPO) is the hinge on your short sale transaction leading to success or failure.  A high BPO and your deal falls apart while a low BPO can close it.  Let me illustrate with two recent examples. The BPO company calls me to see if the property is on lock box.  I [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>New FHA Short Sale Policy</title>
		<link>http://www.wannanetwork.com/2009/01/17/new-fha-short-sale-policy/</link>
		<comments>http://www.wannanetwork.com/2009/01/17/new-fha-short-sale-policy/#comments</comments>
		<pubDate>Sun, 18 Jan 2009 01:09:03 +0000</pubDate>
		<dc:creator>Paul Jerome</dc:creator>
				<category><![CDATA[Tips and Advice]]></category>

		<guid isPermaLink="false">http://blogs.wannanetwork.com/ShortSales/?p=176</guid>
		<description><![CDATA[Mortgagee Letter 2008-43 contains the new FHA short sale [a/k/a FHA Pre-Foreclosure Sale (PFS)] program guidelines.  It’s definitely an improvement for anyone involved in shorting an FHA loan.  Here’s some of what you need to know about the FHA PFS: They removed the calculation that required the property to appraise for at least 63% of [...]]]></description>
		<wfw:commentRss>http://www.wannanetwork.com/2009/01/17/new-fha-short-sale-policy/feed/</wfw:commentRss>
		<slash:comments>9</slash:comments>
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