HELP BOA/FHA.Small OCWEN 2nd Neogiatior Never Available for call
HI
I thought i was posting on Ocwen group but it never posted so i am asking here for some assistance on this boa/fha.
BOA negotiator never answers direct requests to set up a conference call. I have not had issues in the past with an equator negotiator. Any suggestions?
I had an boa advocate but he stated there is nothing he could do to help arrange connection with negotiator. he did give me their superior but i have not had success in superiors on equator responding.
I need time to work out what was requested on the ATP.
Originally when i had a contract on this property earlier in the year ATP never discussed what was owed on the 2nd. I thought that if BOA/FHA received their net then we were fine.
On the 2nd contract now, HOA and Ocwen 2nd need further negotiations. Is there a department at Ocwen, separate from the short sale department, that can authorize a payoff fee?
Btw, HOA appears to be sympathetic and willing to negotiate additional fees. They are in 3rd position.
Any helpful suggestions, much appreciated.
Replies to This Discussion
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Permalink Reply by Dean E Eshelman, CPA, CDPE, IRES on
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On short sales pull a title report up front so you know all the issues. Probably you need to open a ticket with HUD. I usually do this up front also as it takes a few days to get a HUD person to make the first contact. The seller may have to use the incentive offered on the ATP to satisfy those Liens.
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Permalink Reply by johnna lodge on
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We have an ATP so title work was done in the beginning and submitted on a HUD/Settlement statement in order to get us an ATP.
This is an excellent suggestion to use the incentive but we can't use it unfortunately. The incentive to the seller is for owner occupants. This seller had to move for work so the property is not owner occupied.
Do you have the link or contact information for HUD?
thank you.
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The change in regards to occupancy of the property was made in 2013. Previously the owner must have resided in the home within the last 12 months. That requirement has now been removed. However, the property must have still have been the owner’s principal residence for at least two out of the last five years. In addition, they cannot have purchased another property within the previous 12 months. The owner can vacate for good cause such as job relocation, divorce, death of spouse.
HUD resource center800-225-5342. -
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Permalink Reply by ElizabethWeintraub00697006LyonRE on
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The HOA may need to be paid by the buyer or from the seller's incentive. Is there a problem with the second receiving 6% of the UPB?
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