SHORT SALE EXTENSION REQUEST DENIED **** HELP*** - Short Sale Superstars2024-03-28T22:27:43Zhttp://shortsalesuperstars.com/forum/topics/short-sale-extension-request-denied-help?feed=yes&xn_auth=noFHA sales take longer, but I…tag:shortsalesuperstars.com,2019-12-11:3468065:Comment:3998902019-12-11T19:07:04.233ZSmittyhttp://shortsalesuperstars.com/profile/Smitty
<p>FHA sales take longer, but I don't know SPS to service FHA sales.</p>
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<p>FHA sales take longer, but I don't know SPS to service FHA sales.</p>
<p></p> Well, what we did was pull a…tag:shortsalesuperstars.com,2019-12-11:3468065:Comment:3998892019-12-11T19:06:04.868ZSmittyhttp://shortsalesuperstars.com/profile/Smitty
<p>Well, what we did was pull all sales in the county from list until CLOSING which wasn't easy info to find, because on our MLS it only lists from list until UA. So we found that traditional sales took an average of 100 days from LIST until closing and the ONE short sale in the county we found took 179 days. In our letter they gave 75 days from list until closing so we couldn't even meet a traditional sale deadline. Bottom line is get CFPB and AG's office involved. I'm working on one now…</p>
<p>Well, what we did was pull all sales in the county from list until CLOSING which wasn't easy info to find, because on our MLS it only lists from list until UA. So we found that traditional sales took an average of 100 days from LIST until closing and the ONE short sale in the county we found took 179 days. In our letter they gave 75 days from list until closing so we couldn't even meet a traditional sale deadline. Bottom line is get CFPB and AG's office involved. I'm working on one now that was listed over 400 days and they tried to pull that crap, and then also said that the offer was too low....It started at 2.2 million 435 days on market and offer came in at 1.2 million. Not sure HOW they think the offer would be too low considering the extraordinary marketing time it had.</p>
<p></p> Interesting. What if they cou…tag:shortsalesuperstars.com,2019-12-10:3468065:Comment:3999792019-12-10T17:27:14.092ZBrett Goldsmithhttp://shortsalesuperstars.com/profile/BrettGoldsmith
<p>Interesting. What if they could argue that "we did have enough time" What do you feel the results would of been then? I had two approved short sales die because of this guideline when the buyers fell through.</p>
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<p>Interesting. What if they could argue that "we did have enough time" What do you feel the results would of been then? I had two approved short sales die because of this guideline when the buyers fell through.</p>
<p></p> JUST FYI we had this happen o…tag:shortsalesuperstars.com,2019-12-10:3468065:Comment:3996942019-12-10T17:13:47.016ZSmittyhttp://shortsalesuperstars.com/profile/Smitty
<p>JUST FYI we had this happen on our files. Complained to cfpb and SHOWED them that it was impossible to list, get under contract and sell a short sale in the time SPS allotted. Also sent to AG's office. Now all four files are being reviewed.</p>
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<p>JUST FYI we had this happen on our files. Complained to cfpb and SHOWED them that it was impossible to list, get under contract and sell a short sale in the time SPS allotted. Also sent to AG's office. Now all four files are being reviewed.</p>
<p></p> thank you ALexistag:shortsalesuperstars.com,2019-11-26:3468065:Comment:3996912019-11-26T23:42:58.668ZAdriana Garciahttp://shortsalesuperstars.com/profile/AdrianaGarcia
<p>thank you ALexis</p>
<p>thank you ALexis</p> Do you mean was the original…tag:shortsalesuperstars.com,2019-11-26:3468065:Comment:3996892019-11-26T23:42:44.903ZAdriana Garciahttp://shortsalesuperstars.com/profile/AdrianaGarcia
<p>Do you mean was the original loan an FHA>(Sellers Loan)</p>
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<p>And if it IS and FHA short sale? </p>
<p>Do you mean was the original loan an FHA>(Sellers Loan)</p>
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<p>And if it IS and FHA short sale? </p> Evey file with SPS is a battl…tag:shortsalesuperstars.com,2019-11-22:3468065:Comment:3996832019-11-22T21:03:25.699ZSmittyhttp://shortsalesuperstars.com/profile/Smitty
<p>Evey file with SPS is a battle now. You have to file complaint with CFPB and your AG's office. Get the prior documentation that shows what the prior short sale period was and what was allowed and then research it and compare it to what ACTUALLY happens for a short sale in your market. Most likely the timeline was unrealistic. It shouldn't matter how far in default it is unless it's an FHA short sale.</p>
<p>Evey file with SPS is a battle now. You have to file complaint with CFPB and your AG's office. Get the prior documentation that shows what the prior short sale period was and what was allowed and then research it and compare it to what ACTUALLY happens for a short sale in your market. Most likely the timeline was unrealistic. It shouldn't matter how far in default it is unless it's an FHA short sale.</p> Hi, call the consumer ombudsm…tag:shortsalesuperstars.com,2019-11-15:3468065:Comment:3993912019-11-15T00:10:10.066ZAlexis Adamshttp://shortsalesuperstars.com/profile/AlexisAdams912
<p>Hi, call the consumer ombudsman department and explain what’s going on. See if they can step in and help. When things are escalated through their department, they are able to reach out to higher contacts. I’ve only had to utilize them a few times over the years but they always have helped get results. 866-662-0035, Option 3</p>
<p>Hi, call the consumer ombudsman department and explain what’s going on. See if they can step in and help. When things are escalated through their department, they are able to reach out to higher contacts. I’ve only had to utilize them a few times over the years but they always have helped get results. 866-662-0035, Option 3</p> Hi Adriana i think you are g…tag:shortsalesuperstars.com,2019-11-13:3468065:Comment:3992822019-11-13T20:02:52.239ZTony Moraleshttp://shortsalesuperstars.com/profile/TonyMorales791
<p>Hi Adriana i think you are getting misinformation from SPS First, they would have already had to review the homeowner for home retention(modification) prior to opening a short sale workout. I have negotiated several short sales with SPS I'm here in Calif so contact me if you need help</p>
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<p>Tony Morales</p>
<p>Tm Short Sales Consulting</p>
<p>909-239-2322.</p>
<p>Hi Adriana i think you are getting misinformation from SPS First, they would have already had to review the homeowner for home retention(modification) prior to opening a short sale workout. I have negotiated several short sales with SPS I'm here in Calif so contact me if you need help</p>
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<p>Tony Morales</p>
<p>Tm Short Sales Consulting</p>
<p>909-239-2322.</p> it was a garage conversion th…tag:shortsalesuperstars.com,2019-11-12:3468065:Comment:3995952019-11-12T03:01:12.969ZAdriana Garciahttp://shortsalesuperstars.com/profile/AdrianaGarcia
<p>it was a garage conversion that had to be demo and yes it was a condition that had to be met for the city to issue the release of the substandard and that was required to be able to issue the title policy and close. and then the loan approval expired so the lender had to resubmit and some of the buyers employers took a very long time to send back his voes. I guess he's employed w several employers thru the year so they all had to be verified. </p>
<p>it was a garage conversion that had to be demo and yes it was a condition that had to be met for the city to issue the release of the substandard and that was required to be able to issue the title policy and close. and then the loan approval expired so the lender had to resubmit and some of the buyers employers took a very long time to send back his voes. I guess he's employed w several employers thru the year so they all had to be verified. </p>