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Permalink Reply by Harry Clay on January 8, 2012 at 2:41pm

I closed one with HSBC back in the early fall of 2010.

I just went back into the file, & no where in my back-ups can I find a specific HSBC Arms Length Affidavit; solely the Closing Instructions / Short sale Agreement, which came out of Brandon Florida, & was sent directly to my escrow officer, & had to be notarized.

I do remember that they were actually very cooperative on this transaction on a 6 year old house that had heavy wear & extensive deferred maintenance, & they gave a couple extensions in order to close with an FHA buyer who did a lot of repairs prior to his appraisal signing off.

HSBC ended up netting about .35 on the dollar owed.   

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Permalink Reply by RoJane Maybee on January 9, 2012 at 9:40am

Thank you for your comment -- that is encouraging, as many have stated that they were awful to work with!  It is my daughter's condo, that is why I was asking about the arm's length, as I would like to list it and wanted to read the Arm's Length prior.

 

Thanks!

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Permalink Reply by Jessica Eisenhauer on January 8, 2012 at 2:55pm

We are closing one with them but I don't think we have this???  I will check my file tomorrow when I get into the office.

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Permalink Reply by RoJane Maybee on January 9, 2012 at 9:40am

That would be terrific -- and anything you have to offer regarding working with them would be great -- did you have a first only?

 

Thank you!

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Permalink Reply by Jessica Eisenhauer on January 13, 2012 at 11:13pm

We had a 1st with HSBC and a 2nd with Greentree and we didn't have to sign one

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Permalink Reply by Sheyenne Schultz on January 9, 2012 at 2:02am

I closed with them before   they didn't have us sign one. Perhaps new policy now. And come to think of it..I just remember that HSBC now makes my list of one of the worst to work with, not Aurora.

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Permalink Reply by RoJane Maybee on January 9, 2012 at 9:40am

Oh dear -- not good news !  What was so awful in working with them?

 

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Permalink Reply by Rick Trono on January 9, 2012 at 4:21am

Closed one no Arms Length Affidavit in closing package from HSBC

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Permalink Reply by RoJane Maybee on January 9, 2012 at 9:41am

Thank you for checking on this for me!  And....what was your experience in working with them?

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Permalink Reply by Jessica Eisenhauer on January 13, 2012 at 11:12pm

We closed one with HSBC yesterday and there was no arms length affidavit. Hope that helps...  Sorry it took me a bit to respond.

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Permalink Reply by Susan Walski on January 15, 2012 at 9:00am

I've done 2 with HSBC.  They were a pleasure to work with.  Let me know if you get affidavit.  Sounds like you have a few people here looking for you.

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Permalink Reply by RoJane Maybee on January 15, 2012 at 11:32am

 

I have not receive an affadavit -- do you have one?  Most others that have closed with HSBC state there was not one in their closing packet!

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