Comment

Comment by JOSE PENA on October 7, 2010 at 4:29am

--Kyle Souza

i'm not sure how to do that though??
where to even begin to get the info. of the investor.

Comment by Kyle Souza on October 7, 2010 at 4:28am

you should try to find out who the investor is and contact them about the postponement.

Comment by JOSE PENA on October 7, 2010 at 4:23am

We recieved an offer on a Citi-Mortgage short sale.

Now the Citi is saying they won't postpone the sale date, even with the offer. I've delt with the negotiator, negotiators supervisor, and now just left a message to the manager over looking both supervisor and negotiator.

we can close in by november 19th, and they are wanting us to close before october 18th (period).

it's frustrating and now i'm really concedering putting a law suit on them and exploiting that kind of behavior.

**they haven't even sent a request to the investor to postpone the sale date and they told me specifically they won't do it.

never had this happen before.

buyer is pre-approved and ready to buy.
the buyer's are getting downpayment assistance from the state (which only requires the state to make sure the house is in good condition [that's all!] and then they will issue the downpayment)

Citi's STAND is that they won't send the request to the investor because of that assistance from the state.

We've done many loan's such as these with other buyer's on other short sales, and never came accross this proble.


I'm not sure what else to do.........

Comment by Amy Martin on October 6, 2010 at 9:14am

Super! Thanks for your assistance. :-))))))

Comment by Kent Dills on October 6, 2010 at 9:05am

Tested satisfactorily!

;-)

Comment by Wendy Rulnick on October 6, 2010 at 9:04am

test comment

Comment by Amy Martin on October 1, 2010 at 1:47pm

Thanks Michael and others response... I got another 1st Lien Citimortgage short sale. I thought Citimortgage is easy to deal with? My negotiator gave me an approval for my Va Loan Buyer where purchase offer price is $390,000, commision at 4% and net proceed of $372,107.00. Of course, about $2k in VA nonallowable fees, fees for delinquent taxes, delinquent HOA and 2nd mortgage of $21,500 and ++. Do the math on this one.....Their approval is only enough to pay our 4% commission and nothing more. Impossible! So I called the presidential office (I think) and told me that this is the right place to escalate but not to negotiate since all their negotiators are highly trained and that I have to go back to her and work it out. I once talked to my negotiator's supervisor at one point (which I failed to write down his number) wrapped everything with my approval and a decent one. However, my negotiator said that the supervisor does not know her file and retracted everything supervisor's figures he gave me. (Am I sounding nuts here? sorry!)
My great escrow officer wrote a note to her stating that what she is asking for is impossible and need to go over her approval and calculations. No response. Where do I go from here?

Comment by Michael Schneider on September 30, 2010 at 2:55pm

Fine, actually. Maybe for the reason Amy gave. I don't think of that , Amy, but of course, there must be an agreement to forward money, and I guess a payoff would be included in that.

Comment by Kylee Roe on September 30, 2010 at 12:41pm

So Michael, how'd that work out for ya?

Comment by Michael Schneider on September 30, 2010 at 12:25pm

Why does a 2nd think they set the commission?
I have a Fannie 1st, with a $18K Citi second.
Citi tells me, from 2nd position: We don't approved a short-sales with a 6% commission.
I say: Hello, you are an underwater 2nd. You can refuse to release your lien for whatever silly reason you wish. But, thank you so much, the commission discussion is not one I'm having with you. Hilarious, this is the 2nd discussion with an underwater 2nd in the last two weeks who thinks they can lower commissions.
Sensing she was dealing with a person with an attitude....

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