Seterus (LBPS) Discussions (57)

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Any Luck with BPO Disputes? Value review request?

I've had good luck with Seterus so far (they took over a B of A loan when seller was under contract).  We had to start all over, but they c…

Started by Tara Samney

6 Dec 31, 2011
Reply by Tara Samney

Seterus Foreclosed on an APPROVED Fannie Mae short sale!

This happened just yesterday and we want this transaction back. This was the 1st foreclosure date on the property ever, short sale was appr…

Started by Shamekia Goldsmith

3 Dec 7, 2011
Reply by Shamekia Goldsmith

Updated Seterus forms

Does anyone have the updated financial worksheet and third party authorization from Seterus that does not have LBPS on it ... they will not…

Started by Nancy Campbell

0 Dec 6, 2011

Anyone had successin Seterus revising their Approval Letter?

I've been working on this file for about a year. Finally got approval after the seller agreed to a large promissory note. The approval let…

Started by Jae Evans

1 Dec 6, 2011
Reply by Michael Hayley

Borrower contribution will go to MI Company directly per Seterus.

I have a short sale with Seterus and they are requesting borrower contribution which the borrower does not have. I offered to the negotiato…

Started by Keji Ogunleye

2 Oct 26, 2011
Reply by Lisa Nishioka

Stick to your guns on commission

I just went through the same thing a couple of days ago with a GMAC loan whereby THEY hired a 3rd party negotiator (REDC).  I received a ca…

Started by Pamela Lester

6 Oct 25, 2011
Reply by Celeste ODea

Removing Deficiency on Seller....

Does anyone know of the success rate on Seterus and their MI removing the promissory note to the seller?  We received approval on sale with…

Started by Lisa Nishioka

3 Oct 22, 2011
Reply by ElizabethWeintraub00697006LyonRE

Seterus requesting contribution after approving short sale with no contribution

I got an approval from a short sale from Seterus within 2weeks which is great, but within a week the cash buyer cancelled the contract. We…

Started by Keji Ogunleye

1 Sep 22, 2011
Reply by ElizabethWeintraub00697006LyonRE

IBM LBPS and Fannie Mae HAFA

My clients  completed the HAMP step and elected to pursue a Fannie Mae HAFA short sale because they can no longer afford to stay in the hou…

Started by Glenn Batten

5 Aug 16, 2011
Reply by Patrick Smith

My First and only Mortgage was charged off, can I still do a loan modification?

I have been trying for 3 years to get Chase (Chase is the first lien holder and only mortgage co) to do a loan mod.  I went through the 3 m…

Started by Barbara Wing

0 Aug 15, 2011

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