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Website: https://www.ditech.com/
Loss Mitigation - 855-395-8566
Recovery Dept. 800-643-0202
Direct SS FAX for Authorizations and packages.Fax is 877-612-2422
Short Sale Fax 1-877-612-2422 or 1-866-870-9919.
Alternate Fax 1-877-612-2422
Alternate Number 1-800-474-3918 - Short Sales
ESCALATION: CORPORATE COMPLIANCE DEPT. The office number is 800-839-9188 and the fax number is 866-210-6192.
Started by Luther Fisher. Last reply by Luther Fisher Feb 21, 2019. 2 Replies 0 Likes
I've got a situation where it appears we will have to do a short sale. 1st is with PNC and 2nd is with ditech. The ditech 2nd would have to take the discount. Would there still be any incentive…Continue
Started by Jackie Gonzalez. Last reply by Ben Benita Jun 16, 2017. 3 Replies 0 Likes
This is the 2nd time the seller's agent gave a ss approval letter with a 7-day approval to close. Need at least 2 weeks to close. Bank has list of work that needs to be done and title company wont…Continue
Started by Jackie Gonzalez. Last reply by London Cox Aug 29, 2016. 4 Replies 0 Likes
The present buyer is backing out due to too high counter offer. The house was listed at $181k and is now at $134,500 after 5 months on the market and no offers. Needs extensive work due to deferred…Continue
Started by Russ Trinidad. Last reply by Russ Trinidad Jun 5, 2015. 3 Replies 0 Likes
Does anyone know if this is possible? The property is a townhouse in Hawaii. The association foreclosed on nonpayment of maintenance fees. It’s a fannie mae owned loan and serviced by green tree.…Continue
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you can use the escalation with hamp/hafa - go to page 2 for the forms the seller needs to sign https://www.hmpadmin.com/portal/resources/advisors/escalation.jsp
email the docs to [email protected]
send GT the RASS or alt RASS - see if you can't get the file moving to
GOOD AFTERNOON,
I HAVE A SIMILILAR HAFA SHORT SALE GMAC-FIRST AND GREEN TREE-SECOND, I ALREADY HAVE THE GMAC APPROVAL, I JUST CALLED G.T TO ASK FOR THE STATUS AND THEY ARE REQUESTING $24K TO APPROVE THEIR HAFA SHORT SALE , THE FIRST IS OFFERING $8500 TO G.T BUT THEY REFUSED TO ACCEPT, THE NEGOTIATOR JENNIFER SAID THAT IF THEY DONT GET THE $24K THEY WILL CLOSE THE FILE.
WE ARE ALREADY SHORT BECAUSE THE ASSOCIATION IS AKING $10k AND THE FIRST IS ONLY CONTRIBUTING WITH $4K, THE BUYER AND I WILL COVER THE DIFFERENCE.
WE ALREADY HAVE A SALE DATE 03/15/2013. ANY SUGGESTIONS IN WHAT TO DO.? THANK YOU VERY MUCH...WALLY PELAEZ.
Hi, I'm emailing you a second deal same issue with GT and Fannie Mae. They countered to $128K, we submitted addendum. Fannie Mae just declined asking for net of $166K, foreclosure date is 2/4/13. Thanks!
Did the foreclosure just happen? Any chance for rescinding? email me: [email protected]
For all those who have had their FNMA shortsales declined irrationally of late, add another to the list. They foreclosed on this poor guy. Anyone have any knowledge of their likelihood to pursue a deficiency judgement on a 165 loan balance where they could at most be going after 40k? the guy has no assets and it would mean them garnishing is disability income while he has 3 daughters in college but apparently FNMA/Greentree wasn't concerned with that enough to approve a reasonable offer in the first place so I have no reason to believe they will be fair/reasonable/human when it comes to the DF. Anyone know?
WELL! This statement really PISSES ME OFF!:
This is why it is important to move as quickly as possible to facilitate the short sale.
tHEY PRESENT MORE HANGUPS THAT WE DO!
Servicing Release Impacts on Short Sales
Bank of America services mortgage loans for hundreds of investors. As a part of normal servicing, investors may decide to release or transfer servicing from Bank of America to another company.
Servicing may be transferred on first, second or stand-alone liens. In most cases, once the servicing transfer occurs, the short sale process ends with Bank of America and the homeowner must contact the new servicer to determine what foreclosure alternatives may be available.
Real estate professionals should advise homeowners that, similar to foreclosure, a servicing transfer is a risk that may occur at any time during the short sale process. This is why it is important to move as quickly as possible to facilitate the short sale.
Some key activities that may occur during servicing transfer:Bank of America will send the homeowner a letter 15 days before the servicing transfer date.Bank of America may call the agent to advise of the impacts to the short sale.The new servicer will send a letter or statement advising the homeowner where to send payments.If an offer has already been accepted on your short sale, a closing has been set and an approval letter issued, the new servicer will determine if the short sale will continue.
Help... Anyone have experience with a Servicer Transfer in the middle of ESCROW? We have an Approved HAFA Bank of America short sale, which is scheduled to close prior to 12-31-12, to beat the debt relief deadline, and we were just now informed that as of 12-15-12, the loan has been transferred to a new servicer, Greentree! In the middle of the escrow, actually 10 days into the escrow. Are we going to have to start all over with a new approval? The investor already approved it? Now the sellers will miss the debt relief deadline. Anyone have any experience they can share that will allow us to go through Greentree faster, since we already had an approval? Thanks!
Sorry, Kevin, I second what Stephanie says. I haven't actually tried this, but I've seen on here previously to call and ask for Jewell Newton, she is very cooperative and helps you through with almost everything you need to know on their SS Dept. Good luck!
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