Replies to This Discussion

Permalink Reply by Jeff Payne on June 4, 2010 at 8:31am

Was the loan sold to another company?
Did you agree to the terms on equator and then they rejected it? The terms on equator don't always constitute an acceptance, it is the investor that has to accept it or management with BofA.

Permalink Reply by Craig Barry on June 4, 2010 at 9:51am

Mandy- We are seeing this happen more with so many non performing mortgages being sold prior to being liqidated at short sale or sheriff sale. Your seller should have gotten notice that their note was sold and you will need to submit the package to the new owner of the note. The good news is you can or should be able to negotiate a lower price as the new lender purchased the note at a significant disount. They will try to settle with you on the orig deal you sited but dont be the fool- negotiate a new deal as the old deal was never accepted (presumably) by your seller? Good Luck - Craig

Permalink Reply by Laurie Clark on June 5, 2010 at 7:42pm

What new company, they need to tell you. Like was it sold, or wast his file pulled to be out sourced by a new company like Titanium Solutions? I had this happen to me. It went from BofA to Titanium, back to BoA, then dropped like non exist told have to got to equator. I said NO MORE!!! I got it back in the hands of BoA by the grace of one awesome supervisor in the short sale dept. Good luck.

Permalink Reply by Kimberley Kelly on July 2, 2010 at 1:39am

How did you submit this on June 4? It's not June 4 yet..where are you? I think it's too early and I'm going crazy...