This one comes up on almost every short sale I've had. The lender kicks back the fee for the closing protection letter. I get the feeling that since they have no idea what it is, they assume it's a junk fee.Frankly, given that the name sounds like…See More
"Does anyone have an escalation contact with SLS? All of the paperwork has been submitted and we have a contract that exceeds their appraised value. I'm getting the run-around and can't get a supervisor to return my call. …"
I am working on a short sale where the first mortgage is serviced by Wells Fargo. The second loan has been recorded in 2005 with WMC Mortgage, and has not been assigned since then. The seller said the 2nd lien might also be with Wells Fargo. I've…See More
"I believe the seller can do the same thing. They would just have to bring the funds to closing. Having the buyer pay is the simplest way. And remember of deals are financed the short sale lender will normally agree to 3% in buyer's…"
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