"Believe me....I felt lucky!! Your ordeal sounds like mine with Flagstar. By far the worse lender I have ever worked with."
Ben Balsbaugh's Discussions
IndyMac
Started this discussion. Last reply by Bryant Tutas Dec 10, 2011. 5 Replies 0 Likes
Anyone have any quick tips on IndyMac? Going on 90 days since they have had the file, they have the 1st and the 2nd. They seem to keep losing things and requesting items we have sent them in the…Continue
Popular Bank
Started this discussion. Last reply by Ben Balsbaugh Dec 9, 2011. 1 Reply 0 Likes
Has anyone had any experiences with Popular? They have the 2nd on a short sale I am doing for a client. 1st is approved by Chase and we have been sending everything to Popular all along the way. They…Continue
Chase crediting up to $35,000
Started this discussion. Last reply by Wendy Martin May 21, 2011. 2 Replies 0 Likes
Has anyone had any experience with this? Not sure how accurate it is...been having quite the opposite experience with Chase.…Continue
Chase - Difficult and no response
Started this discussion. Last reply by Jim McCormack Apr 20, 2011. 8 Replies 0 Likes
I am attempting to process a short sale. Home is worth about 90k, after 5 months and sending them complete package with offer for 90k - finally heard back from negotiator yesterday. She wants $117k…Continue
Ben Balsbaugh's Page
Latest Activity
Thom Colby 888-391-5245 CA Brkr replied to Ben Balsbaugh's discussion IndyMac"Bryant -
Great for YOU !!! I've done 4 with IndyMac this year and all have been less than pleasant - literally, if a "t" wasn't crossed, they rejected it. I've been working on one for months - only one lender -…"
Ben Balsbaugh replied to Ben Balsbaugh's discussion IndyMac"Thank you both for your insights. Do either of you have any contact information to any supervisors, trying to get a negotiator assigned after 75 days."
Bryant Tutas replied to Ben Balsbaugh's discussion IndyMac"Thom. Funny how things can be so different depending on who is working the file. I'm closing an IndyMac next week where IndyMac has the 1st and the 2nd. The entire transaction was handled vie docusign with electronic signatures!!
And my deal…"
Thom Colby 888-391-5245 CA Brkr replied to Ben Balsbaugh's discussion IndyMac"Ben,
Here's a few tips about Indy / OWB.
Make absolutely sure everything is PERFECT on your contracts, Addenda, Seller's bank statements, tax returns, etc.
Indy outsources all short sales to ServiceLink and they do not call…"
Ben Balsbaugh replied to Ben Balsbaugh's discussion Popular Bank"I found their facebook page, posted on there, had a response from their social media person within an hour. Heard from a "Director" shortly after that and had approval in my email an hour later. Wow! Should have thought of that a long time…"
Ben Balsbaugh posted a discussionIndyMac
Anyone have any quick tips on IndyMac? Going on 90 days since they have had the file, they have the 1st and the 2nd. They seem to keep losing things and requesting items we have sent them in the past. Just need to figure out how to get their attention and get to the front of the line. Still no negotiator assigned.See More
Ben Balsbaugh posted a discussionPopular Bank
Has anyone had any experiences with Popular? They have the 2nd on a short sale I am doing for a client. 1st is approved by Chase and we have been sending everything to Popular all along the way. They dont have anyone in the "short sale dept" that you can talk with, its all through email...and you dont even know who you are emailing. The 1st approval expires next week, any suggestions on how to get through to Popular?benSee More
Wendy Martin replied to Ben Balsbaugh's discussion Chase crediting up to $35,000"Yes. My client was offered 10k at closing, plus they placed him in HAFA for another 3k. He had an old WAMU loan. Only problem is, he has a large 2nd with a small credit union, and I believe the 2nd has to approve any cash coming to…"
Brian Avery replied to Ben Balsbaugh's discussion Chase crediting up to $35,000"My understanding is that the loan had to be orginally a washington mutual portfolio product to qualify. The seller has to call into Chase to see what they may qualify for"
Ben Balsbaugh posted a discussionChase crediting up to $35,000
Has anyone had any experience with this? Not sure how accurate it is...been having quite the opposite experience with Chase.http://www.sacramentotoday.net/news/templates/community.asp?articleid=1679&zoneid=1 Ben BalsbaughPMZ Real Estate209-604-1869See More
Jim McCormack replied to Ben Balsbaugh's discussion Chase - Difficult and no response"Unfortunately, I have generally found that Chase is the worst large lender with respect to short sales. I always start short sales with the question: Who owns or controls the mortgage loan? In other words, is it Fannie Mae, Freddie Mac,…"
Gretta Alvarez replied to Ben Balsbaugh's discussion Chase - Difficult and no response"Hi Ben, Give me a call, I MIGHT be able to help you. 561-628-8419 Gretta, Get Closure, LLC"
Ben Balsbaugh replied to Ben Balsbaugh's discussion Chase - Difficult and no response"Daphne, They won't tell me their BPO amount and no they wont let me build it in the sales price. That would be impossible anyway, seeing that they want well above market value already.
Linda, Thanks for the great news :)
"
Linda Susan Fox replied to Ben Balsbaugh's discussion Chase - Difficult and no response"I just had the same issue with Chase and when I could not get the buyer to come to the price the negotiator wanted she closed the file. I sent her a new HUD1 showing the additional $5000 contribution and a market anaylsis of the property…"
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