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Hi Jimena, Thanks that makes me feel better.
@Tara, we just had one that was 1st and 2nd with CITI and they sent the 2nd to collections but we got the negotiator to pull it back from collections and give us the approval for both. I did talk to the collection agency in the meantime and they were pretty nice plus they told me their turnaround is less than two weeks, just in case you can't get the negotiator to take the file back.
My seller is under contract and about to get approval from the 1st. The 2nd with Citi suddenly went to collections with no warning to me or the seller (although it was many months behind). I have never been in this scenario before. Citi had the contract, and it made it to a negotiator who said they would need at least 8% for payoff- which we managed. They just needed the approval letter when they sent it to collections.
What do I do now?? Is it possible to get Citi to take the file back from collections once approval comes in from first? Do I start all over with Citi? Is there still a lien on the property if it went to collections? (Is it owned by Citi or the debt collection agency).
Thanks!
Short sale approval will expire in 2 weeks and no closing yetIm the buyer and my bank will not approve my loan until some repairs are done in the property, (conventional w/20%down). The tenants refuse to vacate the property so I can make the repairs requested and now it will expire after the selling agent already requested was granted a 2nd extension. Please advise!!!
Now the selling agent says to wait because he will try and get it started all over after this people move.
Sounds like you are not pasting the HTML code into a HTML box.
Thanks James. Client has not received a statement in a year and a half. All I have to go off of is the Foreclosure Notice, which of course, has no useable information
If the sellers have mortgage statements get one even if an old one as this is a good place to start as the statement will have contact numbers for customer service on it.
Does anyone have contact info to open a shortsale for Long Beach Mortgage Company? I am finding conflicting information on the internet as to might be servicing. Any info would be helpful - thank you!
You can challenge the HOA. Ask them to break down their demand. Have the home seller challenge anything that is not a true cost. We have had them back down. A new owner paying their dues is always better than an old seller not paying their dues. Remind them of that.
I have a short sale with BofA that should be closing 12/31/12. I just received a payoff demand from the HOA for $14,332. The balance was $4,575 and the just added $9,496 as a Pre-Petition Ledger, has anybody here dealt with this?
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