Just received a denial letter from OCWEN (prior Litton loan) stating that the owner of the loan did not approve the sale. If we desire to submit a higher offer within the next 10 days, we may do so or the file ill be closed. So I called OCWEN. Didn't get India....hooray! I asked how much higher they would want. She said that she could not see any notes on the account about a specific value and that I should just submit a "slightly higher' offer. When I asked what slightly higher looked like, she said vague things. Really? And when I asked if we had a specific negotiator I was told they could set up an appointment for me to speak with a "relationship manager". Yeah, been there, they give you a 15 minute window, don't call you, and then lie about it later and say they did. I have no idea what to do now.
Tags:
I just left this on the CDPE site for you: Ask the buyer to increase the offer by whatever you feel it will take to reach market value then resubmit a revised contract, new HUD and a full blown CMA justifying the price.
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.