Carrington Mortgage using a company called SPURS to do their dirty work?

I contacted CMS to submit short sale, I got a reply saying that all they need is HUD,listing and POF and not to submit to them they will have this company by the name of SPURS call me.

After 2 weeks of CMS playing games with me telling me don't worry "SPURS" will call me: I get an email today saying they have been in contact with the seller directly and they will do a deed in lieu and would not consider a short sale at all.

The seller said CMS did call him and offered him $15,430.00 to do a deed in lieu, and they will satisfy the 2nd(Chase) and the 3rd(private mortgage).

How is this OK? I do not understand why these banks are getting away with these underhanded deals.

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Replies to This Discussion

Permalink Reply by Safinaz baksh on March 5, 2014 at 9:04am

I know very good deal for the seller if they satisfy all the liens which includes water, violations from NYC DOB,ECB- it amounts to over 30K, cutting a check to him is great but will they take care of everything else? NO answer given as yet, with a short sale all of these things are satisfied at closing, will it work the same way with a deed in lieu?

I advised the seller to take any paper work to his attorney for review, will post update once we get an answer: I still think this is shady business

Permalink Reply by Safinaz baksh on March 5, 2014 at 10:21am

ok Thanks

Permalink Reply by Safinaz baksh on March 5, 2014 at 10:23am

This is the email

 

Good afternoon,

                I just wanted to let you know that I got an updated from SPURS today. It seems they have been working with the borrower directly and we are moving forward with a deed in lieu of foreclosure.

Please contact the borrower for additional information.

 

Thank you,

 

 

Ingrid Garcia

Special Servicing

Carrington Mortgage Services

1610 E. Saint Andrew Place, B-150

Santa Ana, CA 92705

Direct: 317-712-5405 | Office: (877) 267-1221 x 25405

Hours: 8 am – 5 pm EST | Monday – Friday

Fax:  1-877-267-1331 Attn:  Ingrid Garcia

 

 

ATTENTION:  If you are interested in retaining your property and would like to be considered for a Home Retention Program send your documents to [email protected] or 1.877.267.1331.  If you are NOT interested in retaining your property, but would like to be considered for other foreclosure prevention alternatives send your documents to [email protected] or1.888.849.1034.  Any documents sent to this personal email address will not be acknowledged and may cause delays in the review process.

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