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Permalink Reply by Teresa Simon on May 18, 2011 at 1:41pm

My experience with Ascension Capital is on-going.  The first AHMSI has offered the second Asscension $6000 to settle.  Ascension won't settle for $6000 for $50k of debt - knowing the seller has a BK that hasn't reaffirmed the 2nd.  The 2nd wants the Hafa money. The first has in fact been given forms 184 and 185 and we cannot seem to get the forms back signed.  We have the first saying it is HAFA in a letter to Senator Patti Murray's Office.  This has been going on since June a year ago.

The loan service participants site at Making Homes Affordable does not show it to be Fannie or Freddie.  The main HUD office head quarters says it isn't HUD.  This has been to the OCC to get anyone to open the file onthe 2nd after 7 months of trying to get the second to acknowledge the debt as it was purged from the Chase system.

 

Anyways, Ascension said they'd settle for the $6000 with HAFA dollars and now AHMSI seems unable to find the forms in their system sent by fax and FED EX.  AHMSI doesn't seem to know what the HAFA forms are but when supplied them can't seem to upload them to their system.

 

AHMSI 1 ASCENSION CAPITAL 0

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Permalink Reply by Vikki Lucas on May 20, 2011 at 9:05am

Can either of you provide a direct number for the liquidation or short sale department for Ascension Capital Group?

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Permalink Reply by Teresa Simon on May 20, 2011 at 11:50am

Vikki Lucas said:

Can either of you provide a direct number for the liquidation or short sale department for Ascension Capital Group?I am dealing with a bankruptcy and a second.  Does yours need to go into the bankruptcy area?

Try this person.  Debbie Moebus [email protected].  She seems well informed and organized.  Don't use my name as I am still struggling with the file and it may not help you.  I have been rerouted back to her a few times.  She seems to be in the know and has actually gave me a couple pointers.

Good luck. 

Teresa

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Permalink Reply by Paola Martinsen on May 20, 2011 at 5:37pm

@Teresa, if the file is owned by Chase and Chase is HAFA participating lender they should be ok with HAFA....right? Now what if its not a HAFA short sale?

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Permalink Reply by Paola Martinsen on May 20, 2011 at 5:39pm

@Gabriel Reyes I have my first file with Ascension Capital Group. They are asking for 40k on a 120k second or heloc...the seller has included that in a BK and Chase is the investor on the loan. Just started the negotiations....but based on what Im seing, the only way to get it done is to escalate? The first is a FNME loan serviced by BAC and they will only do a max of 6% of the UPB with a 6k max  and they have advised me no cont. from any party will be allowed...

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Permalink Reply by Previous SunTrust Negotiatior on May 20, 2011 at 5:43pm

HAFA is only for Freddie and Fannie loans. They must be denied a loan mod or were approved and defaulted on the agreement.

 

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Permalink Reply by Paola Martinsen on May 20, 2011 at 5:45pm

Ascension Capital Group 888-455-6662 or SS Dpt  888-455-6662 ext 46238 Fax for auth 817-461-8070

Vikki Lucas said:

Can either of you provide a direct number for the liquidation or short sale department for Ascension Capital Group?

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Permalink Reply by Gabriel Reyes on May 21, 2011 at 2:11pm

Vikky,

Call 1-888-455-6662.  This is the number I use and always get through.

Vikki Lucas said:

Can either of you provide a direct number for the liquidation or short sale department for Ascension Capital Group?

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Permalink Reply by Gabriel Reyes on May 21, 2011 at 2:20pm

Thanks for sharing.  Ascension will try to get part of agents commission and contribution from buyer to close the gap.  My negotiation is still ongoing.  Hope to complete this coming week.  Best of Luck. 

Paola Martinsen said:

@Gabriel Reyes I have my first file with Ascension Capital Group. They are asking for 40k on a 120k second or heloc...the seller has included that in a BK and Chase is the investor on the loan. Just started the negotiations....but based on what Im seing, the only way to get it done is to escalate? The first is a FNME loan serviced by BAC and they will only do a max of 6% of the UPB with a 6k max  and they have advised me no cont. from any party will be allowed...

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Permalink Reply by Vikki Lucas on May 23, 2011 at 1:45am

Thank you all for your responses. So helpful! Vikki

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Permalink Reply by Janet Kleen on June 7, 2011 at 1:53pm

This is my first file with Ascension Capital Group. They are asking for $12K on a $80 heloc... the seller has included them in a BK and Chase is the investor on the loan.  I have been working this  for 9 weeks, and have gotten Litton, the first to offer $8000, or 10% of the UPB. ACG refuses to accept the $8000, and holding firm at $12K.  They want $4000 more off the HUD.  I escalated to Debbie Mosby and she stands by  her negotiator. My concern is if the agents and the buyer's offer to contribute the $4000, the first may want it?  Could really use some good advice?

Gabriel Reyes said:

Thanks for sharing.  Ascension will try to get part of agents commission and contribution from buyer to close the gap.  My negotiation is still ongoing.  Hope to complete this coming week.  Best of Luck. 

Paola Martinsen said:

@Gabriel Reyes I have my first file with Ascension Capital Group. They are asking for 40k on a 120k second or heloc...the seller has included that in a BK and Chase is the investor on the loan. Just started the negotiations....but based on what Im seing, the only way to get it done is to escalate? The first is a FNME loan serviced by BAC and they will only do a max of 6% of the UPB with a 6k max  and they have advised me no cont. from any party will be allowed...

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Permalink Reply by Teresa Simon on June 8, 2011 at 3:47am

@ Gabriel - You would think I could get a straight HAFA answer from someone.

 

Sent the HAFA paperwork, not only all of the required documents but also Forms lenders use - to the first AHMSI.  They won't call back/ e-mail/ fax HAFA forms back for second. They said twice in writng, once to my attorney and once to Senator Murray's office - it is HAFA.  Can't find loan on Fannie Mae, Freddie Mac or HUD-  second won't settle without incentive for HAFA.

 

Paola, I have read on this site to have the buyer make a contribution prior to closing by sending a settlement check to the second on behalf of the buyer.  I would recommend if this is to occur to have the buyer put a legal comment on the *****BACK******  of the check regarding the refunding of the check if the negotiators fail to close the transaction. If the second signs the back of the check then they are agreeing to a contract to return the money in the event the transaction doesn't culminate.

 

 

 

Teresa

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