I have a short sale with Chase for which we were waiting on an investor response on the approval request. Then finally we received an approval letter and HUD approval. Post closing we realized we didn't have wiring instructions. I asked the negotiator to send it to me and now he says that it's not approved and we need to wait for a response from the investor. My reaction: ?!?!??!?!? Not only have we closed, the buyer's mortgage funded!
Does anyone know what we can do? Can I use different wiring instructions and just send them the funds? On what ground can we not disburse and hold them legally responsible to release the lien?
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Escalate it. Try D i a n e S c h l u te r, 4 1 4-9 7 7-8 2 1 9. She's a supervisor of some sort with enough mojo to make something happen.
A question best directed to a RE Attorney in your State since the transaction is closed.
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