All Discussions Tagged 'ocwen' - Short Sale Superstars2024-03-29T09:47:35Zhttp://shortsalesuperstars.com/forum/topic/listForTag?tag=ocwen&feed=yes&xn_auth=noShort pay off with ocwen & Shellpoint / shell pointtag:shortsalesuperstars.com,2018-05-19:3468065:Topic:3928782018-05-19T22:38:13.338ZElliot Ambalohttp://shortsalesuperstars.com/profile/ElliotAmbalo
<p>Any one have any experience doing a short pay off with Ocwen & Shell Point?</p>
<p>Any one have any experience doing a short pay off with Ocwen & Shell Point?</p> Approved Short Sale Appraises for $20,000 Less than Purchase Price on Contracttag:shortsalesuperstars.com,2012-08-22:3468065:Topic:2611092012-08-22T21:28:25.664ZMeghttp://shortsalesuperstars.com/profile/Meg266
<p>Hi there!</p>
<p>The short sale home I'm trying to buy was approved by Ocwen in the beginning of the month through the HAFA short sale program. The approved price, which was on the purchase agreement, was $90,000. My loan went through underwriting, and we were all set to go with the exception of the FHA appraisal. It came back the other day at just $70,000.</p>
<p>The appraisal has been forwarded to the seller's agent, and I guess it will then be sent to Ocwen. We are hoping they will agree…</p>
<p>Hi there!</p>
<p>The short sale home I'm trying to buy was approved by Ocwen in the beginning of the month through the HAFA short sale program. The approved price, which was on the purchase agreement, was $90,000. My loan went through underwriting, and we were all set to go with the exception of the FHA appraisal. It came back the other day at just $70,000.</p>
<p>The appraisal has been forwarded to the seller's agent, and I guess it will then be sent to Ocwen. We are hoping they will agree to the $70,000 price.</p>
<p>What I'd like to know is how likely this will be? I know no one can predict the future, but do short sale lenders often come down on the price in these situations? This is an approved short sale, and it expires in about 30 days. The comps that were used in the appraisal are good, but the majority of what was available were short sales and foreclosures. Out of 20 properties that sold recently, 15 fell into that category.</p>
<p>Thanks for your insight!</p>
<p></p> Ocwen Short Sale Guidelinestag:shortsalesuperstars.com,2012-04-13:3468065:Topic:2260852012-04-13T12:19:17.799ZHugo W Mezahttp://shortsalesuperstars.com/profile/HugoWMeza
<p>What do you all think about Ocwen's guideline of 8% guideline and 10% Max on Closing cost. This includes Commission, Realty Transfer Fee, Attorney fee and any seller's concession if the buyer needs. Furthermore, they ask for buyer's bank statement to see if he has the money if he or she is putting a down payment. This is besides the pre approval from a lender.</p>
<p>I just have a case where Ocwen refused to take a higher offer because it does not fall within their guidelines. Our buyer…</p>
<p>What do you all think about Ocwen's guideline of 8% guideline and 10% Max on Closing cost. This includes Commission, Realty Transfer Fee, Attorney fee and any seller's concession if the buyer needs. Furthermore, they ask for buyer's bank statement to see if he has the money if he or she is putting a down payment. This is besides the pre approval from a lender.</p>
<p>I just have a case where Ocwen refused to take a higher offer because it does not fall within their guidelines. Our buyer asked us to send 2 different offers to Ocwen because he wanted to get a seller's concession. He offered one for 150K which net Ocwen 137K following their guidelines on the HUD. and We sent another one of 165K which net the 143K exceeding their guidelines. The buyer we have is very well qualified but he needs seller's concession to close sooner.</p>
<p>Your thoughts please.....</p> Need advice buying a short sale property from Ocwentag:shortsalesuperstars.com,2012-01-25:3468065:Topic:2074552012-01-25T19:57:34.888ZDebbie Koenighttp://shortsalesuperstars.com/profile/DebbieKoenig
<p>I live in the very small town of Harrodsburg Ky. There is a beautiful property for sale 4368 Lexington Rd, Harrodsburg, Ky. The home is a short sale by Ocwen. I hear that Ocwen is unresponsive and thus the realtors hands are tied. Any advice on how to deal with Ocwen?</p>
<p>I live in the very small town of Harrodsburg Ky. There is a beautiful property for sale 4368 Lexington Rd, Harrodsburg, Ky. The home is a short sale by Ocwen. I hear that Ocwen is unresponsive and thus the realtors hands are tied. Any advice on how to deal with Ocwen?</p> OCWEN-blatantly raising payment HELP Pls!tag:shortsalesuperstars.com,2010-10-04:3468065:Topic:512802010-10-04T18:46:17.700ZMary Wilcoxhttp://shortsalesuperstars.com/profile/MaryWilcox
<p>I have a future client that is trying to handle his retention of his home thru OCWEN's program.</p>
<p>He said he worked out a 700 dollar reduced payment 3 months ago & they are now sending him statements with 3-400 dollars worth of fees/junk on them so the reduced payment is going up every month. After 4 months it is up to $1100. The original deal was for a 1 year term at $700 per month.</p>
<p>What is going on? </p>
<p>Is this normal for OCWEN?</p>
<p>I've never dealt with them…</p>
<p>I have a future client that is trying to handle his retention of his home thru OCWEN's program.</p>
<p>He said he worked out a 700 dollar reduced payment 3 months ago & they are now sending him statements with 3-400 dollars worth of fees/junk on them so the reduced payment is going up every month. After 4 months it is up to $1100. The original deal was for a 1 year term at $700 per month.</p>
<p>What is going on? </p>
<p>Is this normal for OCWEN?</p>
<p>I've never dealt with them before. Does anyone have any insight or a number of a person that might have some authority to stop this wrecked agreement?</p>
<p>Who would be the best person to talk to. pls?</p>
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