Royal Bank of Scotland

I have a loan where Specialized Loan Servicing is servicing a loan on which RBS is the investor.

Here is the problem: There were 3 BPO's done 2 within the last 2 months that were ordered by SLS. They came back in the $60-$80 range.

RBS- has a value they obtained on a DRIVE BY (the others were full BPO's) That used comps from 2 YEARS AGO!

RBS is sticking with the $130 value. The house has been listed for $89,900 with no other offers.

Does any one have a contact at RBS directly that we could submit or present our SS offer to and make our case? I saw the post about CCO, but they couldn't pull up the file because they weren't servicing the loan. Thanks for any help.

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Permalink Reply by Carolyn Dishman on February 8, 2010 at 1:28pm
I am from CA. If we need to find who is servicing the loan, check the Preliminary Title Report. It sounds like you need to find who is servicing it. Who is ordering the BPOs? What the heck! 2 year old comps. I know that B of A has a certain web site that they look at to see what values are out there. Do you know of an appraiser that would be willing run comps for you and email an idea of what they think? I am a trouble shooter and I don't give up easy. There has to be a way to get RBS contact information. I will try to help. Home sick with a cold. Good luck

Carolyn Dishman
Permalink Reply by Matthew Smith on February 9, 2010 at 6:42am
Thanks for the ideas Carolyn. We have been negotiating the whole time with the servicer who is Select loan Servicing. We were trying to get a direct line to the investor. We are going to do a QWRL and an enforcement of the FDCPA in order to get this done.

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