I am currently working on a short sale with Wells Fargo. Homeowner had a second loan that Ocwen eventually started handling. My client has filed for chapter 7 and was discharged. I tried to get a…Continue
I need some guidance please. I have cash buyers who offered $50,000 for a two family condemned and uninhabitable property. Originally OCWEN wanted the buyers to increase their offer to $67,000 based on a drive by valuation. I proceeded to inform OCWEN that the property has been condemned and uninhabitable per the City. I've sent them pictures of the outside of the property and the posted condemned notice. I've also emailed a list of the violations from the city plus I have informed them…Continue
I have a client who purchased her home with a BOA financing. A year later she applied for a home equity again thru BOA. BOA sold the home equity to Ameristar. Simple enough, BOA is the primary, Ameristar is the secondary. Well no, apparently when she applied for the home equity, BOA somehow made that the primary making the primary secondary. Now she is doing a short sale. How do I figure this out for sure?
I have a divorced couple doing a short sale. They are both very cooperative. Banks aren't. The wife went back to her maiden name and banks will not accept her authorization with her signature under the maiden name. I can get her to sign in her maiden name but will her docs such as filed taxes and pay stubs be an issue. I already have buyers who really want this home.