Collection Agencies--acting on behalf of 2nds - Short Sale Superstars2024-03-29T00:05:17Zhttp://shortsalesuperstars.com/forum/topics/collection-agenciesacting-on?feed=yes&xn_auth=noPaola - You should contact yo…tag:shortsalesuperstars.com,2010-06-17:3468065:Comment:333572010-06-17T22:52:18.025ZWendy Rulnickhttp://shortsalesuperstars.com/profile/WendyRulnick
Paola - You should contact your State financial regulation division, who probably cover creditors.
Paola - You should contact your State financial regulation division, who probably cover creditors. I have only had one deal wher…tag:shortsalesuperstars.com,2010-06-15:3468065:Comment:327432010-06-15T13:23:30.131ZKimberley Kellyhttp://shortsalesuperstars.com/profile/KimberleyKelly
I have only had one deal where the second had been sold to a collection agency. It did make it harder because they knew our area even LESS if possible than the Lenders! THey had no idea and did not care about the area/development comps and thought they'd get their money in CA if we went to foreclosure!<br />
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I agree that we will be seeing this more and more. Hopefully, they'll get smarter because most of my Sellers are in bad positions, will foreclose and then bankruptcy..those debt collectors need…
I have only had one deal where the second had been sold to a collection agency. It did make it harder because they knew our area even LESS if possible than the Lenders! THey had no idea and did not care about the area/development comps and thought they'd get their money in CA if we went to foreclosure!<br />
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I agree that we will be seeing this more and more. Hopefully, they'll get smarter because most of my Sellers are in bad positions, will foreclose and then bankruptcy..those debt collectors need us to cut down on their time/money and actually get them a payoff.. Have had a couple of files wh…tag:shortsalesuperstars.com,2010-06-14:3468065:Comment:325702010-06-14T17:08:11.858ZDarlene Krausehttp://shortsalesuperstars.com/profile/DarleneKrause
Have had a couple of files where the second mortgage was with a collection agency. And both did want to cut the commission. Told them it made no sense, because even if they cut the commission they weren't going to get more money. Not sure what their deal is, but I think we will start to see more collection agencies involved, especially on the second mortgages.
Have had a couple of files where the second mortgage was with a collection agency. And both did want to cut the commission. Told them it made no sense, because even if they cut the commission they weren't going to get more money. Not sure what their deal is, but I think we will start to see more collection agencies involved, especially on the second mortgages.