"It seems to me that there is a bit of miscommunication going on here. First of all the timeline is confusing to me, you say seller requested an extension and that was denied. In that case there should have been a re-review of the file, you cant just…"
"Not yet, they said they mailed out a payoff and we have to wait til it arrives. The problem obviously being that what we have been told repeatedly is that there is no negotiation but we will attempt regardless. The sellers do not have anything to…"
"Ok thats more information. Has anyone proposed a settlement to CHASE? Because what they now have is a unsecured debt. So if they have released their lien then go ahead an close the sale. Chase is out of the picture "
"Chase has refused to process this as a short sale. The daughter wants to do the short sale, what she doesn't want is the bankruptcy. Chase released the lien so that means that according to them they cannot do the short sale. We can go ahead and…"
"What I am interpreting is that the concern of the daughter is the affect on her credit if CHASE agrees to short sale. And you are saying CHASE will require a full payoff to show Paid in Full on her credit First, was this submitted as a HAFA…"
Guys any insight would be appreciated for this issue. Basically sellers have 2 liens, 1st SPS who approved the short sale taking a huge hit and 2nd Chase who discharged the mortgage and is now demanding to be paid off or it stays on the seller's credit report. One borrower (the dad) filed bankruptcy a couple of years ago so he's fine but the other borrower (daughter) hasn't and does not want to. She doesn't have any other debt and her credit is finally gotten better now that she's out of school…See More
"I have a file with WF 1st and Nationwide collecting for Ocwen of course. The 1st lien is basically being paid off and we are doing it as HAFA since the owner lives and needs the assistance. They rejected 10% and want 25% because 1st is getting so…"
Services loans for Ocwen. You start off submitting your short sale package to Ocwen and then surprise to get handed off to Nationwide Credit Inc. who in my opinion are much better to deal with than Ocwen.See More
"Wendy I'm with everyone on this. That is a flat out lie. I am closing on a coop right now and the woman from AMS though that I was working with it on made it clear that if I had it listed for at least list price that it wasn't an issue.…"
My office is very experienced with short sales of all kids. We have dealt with liens ranging from city taxes,to judgments, and IRS liens. I also have experience working with Nationstar, and although they are not my favorite they are not…"
How is everything with you, I picked interest on you after going through your short profile and deemed it necessary to write you immediately. I have something very vital to disclose to you, but I found it difficult to express myself here, since it's a public site.Could you please get back to me on:( [email protected]) for the full details.
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