Gloria Rivera
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Deal involving Ocwen

Started this discussion. Last reply by Brett Goldsmith Aug 4, 2014. 2 Replies

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

 

Gloria Rivera's Page

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Gloria Rivera added a discussion to the group OCWEN
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Short Sale Denied

I have a 2 family home that is condemned and is in need of over $60,000 of repairs. Ocwen says homes valuation came in at $65,000 but appraiser did not view the whole house because it was not safe. My buyer's offer is $50,000. I've informed Ocwen that because the house is vacant it will be rezoned as a single family and in the condition that it is in they will not get $50,000 as a single family. Property also has violations. Should I try to reach out to the investor directly?See More
Oct 14, 2014
Gloria Rivera joined James ferebee jr's group
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OCWEN

Ocwen short sale informationThis group is for information, tips and solutions for OCWEN short sales.See More
Oct 14, 2014
Gloria Rivera commented on Jason Yacoub's group M&T Bank
"I was wondering if anyone has an M & T Shortsale package that they can email to gloriarivera46@gmail.com? I would greatly appreciate it. Thank you, "
Oct 14, 2014
Gloria Rivera joined Jason Yacoub's group
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M&T Bank

M&T Bank  Short Sale Home Assistance deptseller must call 800-724-1633 for financial interview for House hold income and expenses Fax third party authorization first to 716-848-3748See More
Oct 14, 2014
Brisa Cabrera commented on Gloria Rivera's blog post About to lose deal because of OCWEN
"You can email there escalation team for assistance. ssescalations@ocwen.com, or  Ombudsman@ocwen.com,.. wish you luck. "
Oct 10, 2014
Corinn commented on Gloria Rivera's blog post Short sale and divorce
"Gloria,  I'm not sure if you resolved this yet.  Just have your seller complete a name affidavit. (have it notarized as well)  That should clear up any confusion with the lender(s)."
Sep 25, 2014
Gloria Rivera posted a blog post

About to lose deal because of OCWEN

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 that…See More
Sep 4, 2014
Bryant Tutas commented on Gloria Rivera's blog post Short sale difference
"Must waive now. You will get a 1099 regardless. A short sale is a taxable event. It has nothing to do with the lender waiving the deficiency. You may not owe any taxes though. speak to a tax professional."
Aug 16, 2014
Kevin - Greenville, SC commented on Gloria Rivera's blog post Disputing valuation with Freddie Mac
"not that long usually about a week or so. have you contacted freddie directly?"
Aug 14, 2014
Gloria Rivera posted blog posts
Aug 12, 2014
Gloria Rivera posted blog posts
Aug 7, 2014
Brett Goldsmith replied to Gloria Rivera's discussion Deal involving Ocwen
"You will need to process the short sale with Wells Fargo and Ocwen. If a motion to extinguish a mortgage lien through a BK is not requested and granted then the mortgage lien still will need to be settled even if it was included in the BK to…"
Aug 4, 2014
Wayne Brooks replied to Gloria Rivera's discussion Deal involving Ocwen
"Yes, perfectly normal. The BK has no effect on this, as it releases the personal debt but has no effect on the lien. The lien release is Ocwen's only chance to collect any money. It's a normal short sale."
Aug 4, 2014
Gloria Rivera posted a discussion

Deal involving Ocwen

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 lien release from Ocwen but they won't even discuss this.  They want a portion of that sale and primary bank is not getting that much to begin with. Is this normal practice? Any way around it?See More
Aug 4, 2014
Gloria Rivera is now a member of Short Sale Superstars
Jun 6, 2014

Profile Information

First Name
Gloria
Last Name
Rivera
Are you a...
Agent
State
New York
City
Middletown

Gloria Rivera's Blog

About to lose deal because of OCWEN

Posted on September 4, 2014 at 4:39pm 1 Comment

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…

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BOA BIG Mixup

Posted on August 12, 2014 at 12:56pm 0 Comments

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?

Short sale difference

Posted on August 12, 2014 at 12:31pm 1 Comment

Does anyone know if there is a way to find out if a bank will waive the difference on a balance owed from a short sale? Are there any banks that absolutely will not waive it and send a client a 1099?

Short sale and divorce

Posted on August 7, 2014 at 8:51am 1 Comment

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.

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