I received an approval on the first loan with Wells Fargo. The second lender is Chase. They assigned the file to Ascension Capital Group. Wells Fargo is giving Chase $15,000. Ascenion wants $50,000. The gap seems too wide to close .
Thanks for your help.
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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
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
HAFA is only for Freddie and Fannie loans. They must be denied a loan mod or were approved and defaulted on the agreement.
Can either of you provide a direct number for the liquidation or short sale department for Ascension Capital Group?
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?
@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...
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...
@ 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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