Old Chase Loan, sent to Bureau of Recovery, requested docs long time ago and not helping at all, House is being foreclosed in 2 days.

Chase was not even collecting on this loan, it was hard to track it since it was an old WAMU loan, finally we were able to track it to Bureau of Recovery, there was a lady assigned, the first (Wachovia) approved the short sale and we only need to have the second to approve, she was advised of the amount being paid and she agreed and asked us to send documents, we did long time ago and she confirmed she received and evrything was being reviewed,  they we kept following up with not even an answer, finally yesterday she replies that Chase won;t take less than 20% of the balance, house is going to foreclosure in 3 days if we don;t get the approval from them, in tat case they will get nothing, she practically told me she can;t do anything and even started claimin that we never sent her the requested docs, when I even have an email from her stating she received everything and was being reviewed. Any Advise I need to escalate to get someone to help and avoid foreclosure.

Thanks.

Views: 86

Replies to This Discussion

Who is foreclosing? If Wachovia approved the short sale (I assume that means you got the approval letter) you should be able to get Wachovia to postpone the sale date to give you time to negotiate. If you call the Executive Office, they will help you get it worked on. Priority would be to get the postponement of sale by telling them you are escalating to to get this negotiated. I am closing on one this week that had the 2nd with Chase go to Recovery. The 1st was also Chase and they were offering the max of $3000. I had to get the Homeowner to come in with additional and the buyer also kicked in some..The total pay off to 2nd was 10%. Because both were with Chase, I didn't have to worry about the 1st Investor balking at the 2nd recieving more. That may not be the case for you, the 1st may have to get half of whatever extra you can get. Good Luck..

RSS

Members

© 2024   Created by Short Sale Superstars LLC.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************