Foreclosure will not be postponed do to approval from Investor not being received on a timely manner!!!

These were the negotiators exact words on Equator!!! I initiated the file in Equator May 24th, BPO value was in June 13th..Negotiator requested additional docs on June 26 one of those documents being form 710. On June 27th I emailed her and told her that I couldn’t upload form 710 that I needed a task in order for her to receive such document. June 27th, June 28th I called into the Short sale department and they emailed the negotiator requested that a new task needed to be created to upload form 710, no response. I then get an email on July 13th stating that she needed the following documents to be uploaded into Equator immediately in order to obtain a decision from the investor that same day. I upload everything they requested jumping hoops and loops. I then get this email from the negotiator: Unfortunately the timeframe required to obtain investor approval to postpone the sale has expired and the property will continue to sale as scheduled 07/25/2012. A message was sent on 06/26/2012 emphasizing the importance of submitting the required documents as requested. If you would like to continue with the purchase once the sell is complete, you may contact our REO department.

 

I have been in constant communication with Wells, Has anyone experience anything similar to this? The sale is not until next Wednesday, If they can submit for approval and get an answer that SAME day, why can't we continue to proceed with the short sale? Any suggestions?

 

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Replies to This Discussion

Escalate this to Diane Fox in the executive office. She is incredible when it comes to helping us with our issues. Copy and past your story above.

 [email protected]

Good luck,

Hi Ken, I just emailed her and followed your Instructions. I will post the outcome. Thank you so much!!!

Ken probably provided a great contact for you, I hope so.  I have had great response from this gentleman also:

Chad J.Hell

 Research and Remediation Analyst

Liquidation ER (Escalation Resolution)

 Wells Fargo. Home Mortgage | 11200 W Parkland Ave | Milwaukee, WI 53224

MAC X9400-02P

Tel 414-214-9191

[email protected]

Thank you for tagging along Donna. It's always good to have more than one contact. You never know when one will get tired of all the WF BS, and I wouldn't blame Diane at all if she did. She is a super person. 

Hi Donna, I spoke to Chad at wells. He emailed the negotiators manager [email protected] and Chad is "supposed" to get back to me today. I called the attorney and the sale is still scheduled for July 25th. I have called Ana and left several messages and no response (as usual). Chad said that they could make an exception, no guarantees because the Investor (Freddie Mac) requires to have an approval 13 days before the sale date.  I will post the outcome of this sour adventure. Thank you!

Read "Hardest Hit Fund", National Mortgage Settlement Agreement, and the FCIC - Financial Crisis Inquiry Commission.

Google to find.

Then quote the excerpts that help you stop the sale.

There is no 'timeline' - this was a decision made in haste. 

Call the bank's attorney (on the Summons served to the seller) and let them know you are in the midst of a short sale and the FC sale is in the process of being stopped.

Pattilynn, Thank you for the valuable information. The loan is a Freddie Mac loan and they do not participate under this program although I will use FCIC info and request that the sale gets postponed.  Thanks!

Mitzi I tried to send an email to you but it bounced back.  What is your email address so I can forward something to you?

Hi Jeff, try [email protected]

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