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Wilshire Credit Corp

Information

Dealing with a Wilshire Short Sale

Location: Cape Coral, Fl
Members: 18
Latest Activity: Aug 30

Contact Info for Wilshire

(888)917-1050 Short Sale Dept. telephone
(503)946-3848 Fax
(503)946-3845 URGENT FAX (same day downloaded every 4 hours)
Email format- first_last@wcc.mll.com
Website- www.wcc.mll.com

Discussion Forum

WILSHIRE - CAN'T GET THEM TO ANSWER THEIR PHONES!!!!!! HELP!!!! 4 Replies

We have been calling Wilshire for days and the phone is busy and it has been the same for days. We have been calling all day at different times and even late at night... Nothing..... Does anyone have…

Started by Debbie Bannister. Last reply by Luis Ortega Mar 12.

FULL RELEASE NOT LIEN ONLY RELEASE IS INDEED POSSIBLE!!!! 2 Replies

Do not settle for the lien only release. The full release of deficiency and judgement is possible!

Started by Kynse L. Agles. Last reply by Kynse L. Agles Feb 11.

1099 1 Reply

If you have done a lien release in the past year Wilshire, do you know or have heard from that homeowner if they have received 1099 for the difference?

Started by Flor Melgar. Last reply by Kynse L. Agles Feb 11.

Lien Only Release

Has any one ever received a full release of from Wilshire. I was told by Wilshire that my client would receive a full release of note and mortgage but now they will only issue a lien only release.

Started by Kynse L. Agles Jan 9.

Comment Wall

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Comment by Kynse L. Agles on February 17, 2010 at 4:53pm: I just finished up negotiations on another full release from Wilshire! Greg Pavlov from Las Vegas Nevada contacted me through Short Sale Superstars to help negotiate his Wilshire Short Sale and I just received word from the supervisor that we should expect the full release by Monday. His realtor had previously gotten a lien only release and for approximately $7500 more net to Wilshire they are giving a full release!

Comment by Kynse L. Agles on February 2, 2010 at 6:54pm: Greg, feel free to call me or have your realtor call me (239)560-6587. It takes at least $2000-$3000 more than what they offer for a lien only release, your realtor needs to talk to the negotiators supervisor. You must have NO MONEY and plead the case well. The negotiator will keep saying NO, NO, NO this is how they are trained, go above them to the supervisor. They took 10% of the loan amount, i had to kick in part of my commission to get the deal done.

Comment by Greg Pavlov on February 2, 2010 at 6:01pm: What will it take to get a full release form Wilshire? My realtor said they just don't negotiate.....

Comment by Kynse L. Agles on January 12, 2010 at 11:02am: Theresa, Let me know if you need any assistance. They will issue you a lien only release and everyone will tell you that is the only release they issue. I will post samples of both releases later today so you know what to expect. I had to give up commission to get the full release, it was not easy to get so put on your negotiating shoes! Keep me updated as to how it is going!

Comment by Theresa Prim on January 12, 2010 at 8:40am: Congratulations Kynse!
Now the race begins as I am starting a Wilshire today.

Comment by Kynse L. Agles on January 11, 2010 at 5:22pm: I GOT A WILSHIRE FULL RELEASE TODAY!!!!! Hip Hip Hooray!!!!!!

Comment by Kynse L. Agles on January 9, 2010 at 1:28pm: I don't understand why they are being so difficult to deal with. We have offered them cash at closing, plus the $5000 they are receiving from the first mortgage and they will not budge. I am looking for a name and telephone number of someone higher up than my negotiator if anyone has one. Until the new Government short sale rules go into effect in March I don't know if we have a leg to stand on. Very frustrating.

Comment by Jorge Hasbun on January 9, 2010 at 12:22am: Kynse, they never give full release, IBM bought them and the name will change next month and probably their policy too, hopefully because I had the same problem.
They are located here in the Portland area and I went to the office to see if I could talk to somebody and it was impossible, several friends here in this area don't even take listing if Wilshire is the lender.