Replies to This Discussion

Permalink Reply by Kylee Roe on October 10, 2012 at 10:49am

The new investor does not do short sales?????  The investor on the 2nd?

Permalink Reply by Michelle Adams on October 23, 2012 at 10:12am

the new investor on the first loan does not do short sales so when BOA sells the loan on 10/31/12, the new investor will take it to foreclosure.  It all worked out though. 

Permalink Reply by Stacey Wilson on October 10, 2012 at 2:16pm

Michelle, I sent you a friend request so I can PM you.

Permalink Reply by Michelle Adams on October 23, 2012 at 10:11am

thanks for your contacts - this really worked out for me - OWB was going to send this to DTA - a third party - to review and I was able to stop them and with an offer of additional cash I got an approval on Friday - they had not even done the BPO yet.  Whew. 

Permalink Reply by Michelle Adams on October 23, 2012 at 10:15am

Good news - I received approval from OWB this past Friday and since we have an all cash buyer, we are able to close this coming Friday before the 1st loan is sold to another investor (the one who does not do short sales).  The seller incentive of $21,000 is being used to pay the condo judgment of $50,000 and with an additional $10,000 to the second, they issued their approval even before getting their BPO done.  I did a major happy dance Friday night. 

Permalink Reply by Diane and Doug Briggs on December 27, 2012 at 5:08am

Did you ever get an escalation contact? My situation is the same as yours.  BofA has the 1st and approved short sale.  IndyMac is the 2nd and are dragging their feet.  File has stalled.  Any help would be greatly appreciated!!

Permalink Reply by Diane and Doug Briggs on January 8, 2013 at 5:22am

No.