Information

US Bank

US Bank services Florida Housing loans Ph#: 1-800-365-7900 Fx#: 1-866-563-9508

Website: http://www.usbank.com/
Members: 378
Latest Activity: Feb 23

US Bank Short Sale Information

 

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US Bank Short Sale Package.pdf

LOA FX# 216-475-8598

Loss Mit FX# 216-475-7340

Update on phone and fax for US Bank ph: 800-337-1193 fax: 877-903-6972

Phone# 800-337-1193
David Shonkwiler
Tiffanyi Ray reports to David Shonkwiler
US Bank (Short Sale) Cincinatti, OH E-mail (html): david.shonkwiler@usbank.com
Fax Bus: (866) 516-2691
Ph Bus: (513) 639-6629

Ken (Randy) Griffith
Lorenza (Lo) McEachin reports to Ken (Randy) Griffith **Guessing on email for now**...Susan is Randy Griffith's Assistant
US Bank (Short Sale) Cincinatti, OH E-mail (html): ken.griffith@usbank.com
Ph Bus: (513) 639-6609

Lorenza (Lo) McEachin
David Shonkwiler reports to Lo/Lorenzo
US Bank (Short Sale) Cincinatti, OH E-mail (html): Lorenza.mceachin@usbank.com
Ph Bus: (513) 639-6060
Ph Bus Dir: (704) 781-5221

Discussion Forum

Steps in FHA short sale process

Started by Robin Lemmons. Last reply by jeni lamberto Feb 16, 2015. 3 Replies

At what point is the borrower supposed to receive the ATP? At what point is the borrower supposed to get approval from FHA for the contract?I have been working on a FHA short sale for 5 months. The…Continue

US Bank as the investor/stopping a foreclosure with the investor?

Started by Jer'Leigh Thompson. Last reply by Jer'Leigh Thompson Jan 26, 2015. 2 Replies

I have a shortsale that has a foreclosure date of 2/3/15. The mortgage servicer is Northstar. The manager, with Northstar, has already noted in the file that this property should proceed to…Continue

Processing versus Underwriting Stage

Started by Om Hans. Last reply by Linda Cadotte Dec 17, 2014. 5 Replies

What is the definition of processing versus underwriting stages. When I should know that my file is in underwriting stage? Continue

PLEASE KINDLY HELP - ESCALATION US BANK

Started by TATIANA. Last reply by Craig Bartels Dec 16, 2014. 9 Replies

Good afternoon all, Im working on a short sale with US BANK since January. The person that is working on my file from the lender is saying that the file is still on review they are not clear with the…Continue

Comment Wall

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Comment by KATHY CHANDLER on October 17, 2016 at 11:20am

Thanks Brett!  

Comment by Brett Goldsmith on October 17, 2016 at 10:24am

@Kathy / They do tend to move slower and they have strict underwriting guidelines for paperwork so make sure all I's are dotted and T's crossed to prevent any further delays. When everything moves smoothly they tend to be about 45-90 days like most mortgage servicers, the challenge is they usually find something to nitpick at.

Brett@ishortsalenow.com

310-564-6389

www.ishortsalenow.com

Comment by KATHY CHANDLER on October 17, 2016 at 9:50am

Can anyone provide an Estimated Time Line for USB review and decision?  They seem to be Much slower than any of the other banks I am currently dealing with.

Comment by Dean E Eshelman, CPA, CDPE, IRES on October 7, 2016 at 4:58pm

Terry Hammill

12) Q: If I suspect someone is violating RESPA, is there a phone number I can call to make a complaint to HUD?

A: We encourage anyone that suspects someone is potentially violating RESPA to contact us. You may either call 1-202-708-0502 or you may send your complaint to:

Director, Office of RESPA and Interstate Land Sales US Department of Housing and Urban Development Room 9154
451 7th Street, SW
Washington, DC 20410

For more information, please visit our website at www.hud.gov/respa or email our office at hsg- respa@hud.gov.

Comment by Terry Hammill on October 7, 2016 at 3:01pm

Dean -- we do have a CFPB complaint filed.  I am floored that upper management (apparently the directive came from a Sr. VP in their group) would instruct their low level managers to violate RESPA and demand that money be sent to them off estimate in a short sale.

Comment by Dean E Eshelman, CPA, CDPE, IRES on October 4, 2016 at 12:59pm

Terry Hammill - send a copy of the letter/email to the CFPB. If we report these wrong doings, that is the only way to get them stopped. Tell them so and see if they change their tune.

Comment by Terry Hammill on October 4, 2016 at 12:04pm

Has anyone else recently worked with US Banks "New" 2nd TD unit?  I am not sure if the people we are working with are just untrained or have been taught to make questionable demands?

Our seller discharged both the 1st and 2nd TD through a Chapter 7 BK several years ago.  The 1st TD is owned by Fannie Mae (US Bank is aware of this).  We have had this file approved with the 'old' 2nd TD unit for $6000.  The new demand is for $11,500.... but they want the seller to pay $5500 of that outside of escrow so that Fannie Mae doesnt know about it (they actually stated they do not want it on the estimate).  Did I mention that this house was in California (which makes their request of seller payment illegal).  When speaking with the manager at US Bank he seemed to have no idea that what he was demanding was not only illegal in CA, but also could be viewed as a Respa violation or possibly worse.  I am not sure if this is just growing pains for a new group or a concerted attempt to violate both state and federal law.  I would rather have had them just say that they no longer wanted to do a short sale and wanted to net zero dollars as they have no recourse against the seller if a foreclosure occurs.

Comment by Jason Sanseverino on April 21, 2016 at 12:42pm

I have a US Bank Short sale where US Bank is refusing to pay a Buyer Agent Commission because the buyer is related to the buyer agent through marriage (not husband and wife - buyer is the son-in law). This relationship was disclosed in the offer - as this is required by law in PA to disclose any relationship between buyer and buyer agent. I am trying to convince US Bank to pay the buyer agent fee - but they continue to reject this request. I don't see where this is an arms length violation - any suggestions?

Comment by Fred Bauscus on April 7, 2016 at 5:24pm

I've just given them 1234.  They don't check it against anything.

Comment by Celeste ODea on April 7, 2016 at 12:59pm

Got It! Thanks so much. This is my first SS with US Bank and they don't sound too exciting to work with.  It's an FHA loan. Any suggestions?

 

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