"All these loan are sold in "Pools" so it is not uncommon that is was sold after the approval. Caliber is fairly easy to work with and they will probably uphold the approval. You should be able to get a new approval from Caliber…"
"You've got this! Hopefully Caliber will just uphold the approval for your transaction. If you are ever too busy or if you are interested in having a short sale processing team in your corner, don't hesitate to reach out to me."
"Brett, Thank you for your time and advice. I guess the good news for now is that the Second Lien approval has no end date, and I have not lost a short sale yet. Already have an appraisal amount (not a BPO) so I have a lot to work with.…"
"I'd still be escalating, but since it was set to be released today, it may be too late for them to request to retain the servicing rights. It's still worth a shot though.
Typically the good through date on the approval letter is set to…"
"Approval issued Aug. 20. Close by date of Sept. 25. EVERYONE including us knew of the impending Service transfer date of Aug. 22.
Although homeowner did not receive such written notice until a letter dated Aug. 07. No 30 day notice…"
"When was the letter from Citi good through? Ask them to retain the servicing rights. Reach out to their escalation office. Res.net is an online platform which has tasks similar to equator, but just the layout and tasks are different."
"They did issue the Approval letter with terms dates, arms length, closing worksheets, etc... If the Investor approved, why transfer? Why not close? Why torture my poor homeowner and the buyer as well. (not to mention me and title…"
"Due to the time frames it's likely they will try not issue the approval letter, but i'd be escalating to get a copy of that at all costs. If you get a copy of the approval letter you may be able to have Caliber uphold the terms, but it is…"
Hi All!It's still strange in the Short Sale world for sure! Have Citi Loan in first, and a FHFC Loan in second.Started SS in mid July. Foreclosure judgement already granted to Citi back in March. Able to delay foreclosure auction sale until…See More
"Opend HUD case and FHA advised me of the following: "....Mortgagees may exercise their discretion to accept applications from mortgagors who are current but facing imminent default..."
This is such a case so I quoted the…"
"RTR is notorious for wanting 25%-30% of their UPB and they play hardball to get it. Many times when RTR is the 2nd you will run into a large gap between what the 1st will allow and what the 2nd is requesting. Depending on who the investor is with…"
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