Negotiate with LCS
I have a second TD with LCS, formerly with EMC. LCS will not budge off an offer to settle at 80%. Anybody have experience with EMC which suggests that I mightbe able to go back and negotiate with them directly?
Replies to This Discussion
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Permalink Reply by VIctor T. Gurrola on
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I just spoke to one of the Supervisors Chris, they won’t give me his last name but I have his Ext. (5947). he was more arrogant then my negotiator but more business minded, the first guy I was talking to was asking for 25,000.00 and I got Chris to come down to 7,000.00 but still too much, I will by pass them all together and go to the note holders legal department which in my case is Chase, I have done so before and it has worked well.
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Permalink Reply by Jeff Payne on
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Call EMC and have them take the file back, we just ran into the same thing with LCS. The Chris that Victor speaks of is Chris Rupert, he is an arrogant jerk.
Collection Manager
+1.720.221.5791
[email protected]
LCS Financial 6560 Greenwood Plaza Blvd Ste 375
Englewood, CO 80111-7106
USA
also
Steve Locklear
Chief Collections Officer
+1.720.221.5779
[email protected]
LCS Financial 6560 Greenwood Plaza Blvd Ste 375
Englewood, CO 80111-7106
USA
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Permalink Reply by Fred Dezwart on
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Victor and Jeff,
Thank you both for your responses.
Jeff Payne said:Call EMC and have them take the file back, we just ran into the same thing with LCS. The Chris that Victor speaks of is Chris Rupert, he is an arrogant jerk.
Collection Manager
+1.720.221.5791
[email protected]
LCS Financial 6560 Greenwood Plaza Blvd Ste 375
Englewood, CO 80111-7106
USA
also
Steve Locklear
Chief Collections Officer
+1.720.221.5779
[email protected]
LCS Financial 6560 Greenwood Plaza Blvd Ste 375
Englewood, CO 80111-7106
USA
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Permalink Reply by Elizabeth Monje on
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Can anyone tell ME how do you go the legal department of a bank, if the loan was a NINA? I never heard of that one, do I submitt the SS package to that department? Do I write a letter? How does this work? I have a SS for 2 years now and BoA dont want to accept any of the offers that have come in over 100! every single one denied! What am I supposed to do or say? Please advise! Thank you much!
Fred Dezwart said:Victor and Jeff,
Thank you both for your responses.
Jeff Payne said:Call EMC and have them take the file back, we just ran into the same thing with LCS. The Chris that Victor speaks of is Chris Rupert, he is an arrogant jerk.
Collection Manager
+1.720.221.5791
[email protected]
LCS Financial 6560 Greenwood Plaza Blvd Ste 375
Englewood, CO 80111-7106
USA
also
Steve Locklear
Chief Collections Officer
+1.720.221.5779
[email protected]
LCS Financial 6560 Greenwood Plaza Blvd Ste 375
Englewood, CO 80111-7106
USA
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Hi Elizabeth,
I am not familiar with a NINA. Sorry.
Fred Dezwart
Elizabeth Monje said:Can anyone tell ME how do you go the legal department of a bank, if the loan was a NINA? I never heard of that one, do I submitt the SS package to that department? Do I write a letter? How does this work? I have a SS for 2 years now and BoA dont want to accept any of the offers that have come in over 100! every single one denied! What am I supposed to do or say? Please advise! Thank you much!
Fred Dezwart said:Victor and Jeff,
Thank you both for your responses.
Jeff Payne said:Call EMC and have them take the file back, we just ran into the same thing with LCS. The Chris that Victor speaks of is Chris Rupert, he is an arrogant jerk.
Collection Manager
+1.720.221.5791
[email protected]
LCS Financial 6560 Greenwood Plaza Blvd Ste 375
Englewood, CO 80111-7106
USA
also
Steve Locklear
Chief Collections Officer
+1.720.221.5779
[email protected]
LCS Financial 6560 Greenwood Plaza Blvd Ste 375
Englewood, CO 80111-7106
USA
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can you confirm the steve locklear email? I just tried it and it bounced. Have already spoken with Chris Rupert and he is demanding a $12k payoff on a $35k lien, with a purchase price of $40k and net to first lien of $31k.
Jeff Payne said:Call EMC and have them take the file back, we just ran into the same thing with LCS. The Chris that Victor speaks of is Chris Rupert, he is an arrogant jerk.
Collection Manager
+1.720.221.5791
[email protected]
LCS Financial 6560 Greenwood Plaza Blvd Ste 375
Englewood, CO 80111-7106
USA
also
Steve Locklear
Chief Collections Officer
+1.720.221.5779
[email protected]
LCS Financial 6560 Greenwood Plaza Blvd Ste 375
Englewood, CO 80111-7106
USA
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NINA = No Income No Asset (stated income and stated assets) for underwriting purposes. It should not make a difference if you are doing a short sale though.
Elizabeth Monje said:Can anyone tell ME how do you go the legal department of a bank, if the loan was a NINA? I never heard of that one, do I submitt the SS package to that department? Do I write a letter? How does this work? I have a SS for 2 years now and BoA dont want to accept any of the offers that have come in over 100! every single one denied! What am I supposed to do or say? Please advise! Thank you much!
Fred Dezwart said:Victor and Jeff,
Thank you both for your responses.
Jeff Payne said:Call EMC and have them take the file back, we just ran into the same thing with LCS. The Chris that Victor speaks of is Chris Rupert, he is an arrogant jerk.
Collection Manager
+1.720.221.5791
[email protected]
LCS Financial 6560 Greenwood Plaza Blvd Ste 375
Englewood, CO 80111-7106
USA
also
Steve Locklear
Chief Collections Officer
+1.720.221.5779
[email protected]
LCS Financial 6560 Greenwood Plaza Blvd Ste 375
Englewood, CO 80111-7106
USA
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Permalink Reply by Robin M. Willis on
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Apparently all the representatives at LCS are pompous, arrogant, and condescending. They try to "bully" you into agreeing to their outrageous terms. I spoke to Mary Vincent there and got nowhere. I finally asked for her supervisor. She stalled so I asked again and told her that I would contact their CEO if she didn't transfer me. Her exact response to me was to say sarcastically, "Well aren't YOU impressive," followed by laughter.
So professional...... NOT
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Permalink Reply by Elaine Cooper on
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I agree - very unprofessional -
LCS was offered 5% on my short sale deal - they want 25% on a $40K loan balance.
I have asked Chase to take back the file - they will not do it.
Next step is to try a Supervisor at LCS ! These people are sharks.
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