Janet Nation
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HSBC - Need Help Urgently Satisfied mortgages not recorded

Started this discussion. Last reply by Janet Nation Oct 26, 2013. 10 Replies

The seller received a short sale approval but the title shows two open mortgages besides the mortgage that is subject to the short sale.  Clearly the mortgages are satisfied but HSBC did not record…Continue

 

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Janet Nation replied to Janet Nation's discussion HSBC - Need Help Urgently Satisfied mortgages not recorded
"Sarah the seller is 80 years old I doubt it,  and it was 9 years ago but we can ask her, we have to try everything.   We are also going to see if she has younger family members to put the heat under the attorney but we're thinking…"
Oct 26, 2013
Sarah Eakes replied to Janet Nation's discussion HSBC - Need Help Urgently Satisfied mortgages not recorded
"gotcha...so it sounds like the sellers attorney perhaps doesn't normally do RE closings so they didn't know what to do...Perhaps your borrower's title company can provide the sellers attorney the phone number for the HSBC payoff dept…"
Oct 26, 2013
Janet Nation replied to Janet Nation's discussion HSBC - Need Help Urgently Satisfied mortgages not recorded
"It's the sellers attorney that need to be fired, see my response to Sarah."
Oct 26, 2013
Janet Nation replied to Janet Nation's discussion HSBC - Need Help Urgently Satisfied mortgages not recorded
"Sarah, In New York, the buyer's attorney always order the title then sends to the seller's attorney who apparently in this case took no action to get a satisfaction letter from HSBC.  The buyers attorney has no…"
Oct 26, 2013
Sarah Eakes replied to Janet Nation's discussion HSBC - Need Help Urgently Satisfied mortgages not recorded
"who is conducting the closing for the buyer?  That company ordered a title search and discovered the unreleased liens....and unless you're on one of those weird states, that company would also order the 'payoffs' for the…"
Oct 25, 2013
Jeff Payne replied to Janet Nation's discussion HSBC - Need Help Urgently Satisfied mortgages not recorded
"Fire the title company NOW and find one that will close this.  Non sense"
Oct 25, 2013
Janet Nation replied to Janet Nation's discussion HSBC - Need Help Urgently Satisfied mortgages not recorded
"No, we are at a stand still. The whole selling side are incompetent and the perfect recipe for disaster. My only hope at this point is that HSBC come to some kind of realization of what they need to do before the lady seller goes into…"
Oct 24, 2013
Janet Nation replied to Janet Nation's discussion HSBC - Need Help Urgently Satisfied mortgages not recorded
"Brian thank you for your response. Just to be a little clearer, and I'm the selling agent by the way, the attorney for the 80 year old seller and agents are not  proficient and missed everything. The seller refinanced 9 years ago and…"
Oct 24, 2013
Janet Nation posted a discussion

HSBC - Need Help Urgently Satisfied mortgages not recorded

The seller received a short sale approval but the title shows two open mortgages besides the mortgage that is subject to the short sale.  Clearly the mortgages are satisfied but HSBC did not record the satisfactions and the title company will not close with the outstanding mortgages in question.  We need HSBC to submit a letter to the title company verifying the mortgages are closed and at $0.  The short sale approval expires today.  Can anyone suggest a contact at HSBC. Your help is much…See More
Oct 24, 2013
Janet Nation replied to jessica perey's discussion SS got reported as a foreclosure on credit report in the group Bank of America Short Sales
"One thought is for the seller to get a letter from the lender indicating that the sale of the home was a short sale and not a foreclosure, and then send that letter into the credit bureaus where it will be eventually reported correctly and the…"
May 5, 2011
Janet Nation replied to Nancy Campbell's discussion Related to buyer in the group Bank of America Short Sales
"Hi Nancy, I don't know the answer to the first part of your question but i'm thinking it's not going to go down very well with the lender, almost a confict in interest; let's see what others say.    Regarding the second…"
May 5, 2011
Janet Nation replied to S Smith's discussion Counter offer DENIED by Fannie Mae! No deal! in the group Bank of America Short Sales
"This is such a common problem. I'm assuming that your real estate agent was not present and armed when BOA did the BPO to show what similar homes have been sold for. As a suggestion maybe the buyer is willing to do an appraisal to illustrate to…"
Dec 1, 2010
Janet Nation replied to Jilly's discussion How much is the Per Diem charged when escrow does not close on time? in the group Bank of America Short Sales
"Why is that crazy, the buyer should be ready?"
Nov 15, 2010
Janet Nation replied to Brian R. Hardy's discussion How long does it typically take for a decision on a short sale in the group US Bank
"I don't believe there is a typical time frame. My question is where are the agent?"
Nov 12, 2010
Janet Nation joined Jeff Payne's group
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US Bank

US Bank services Florida Housing loans Ph#: 1-800-365-7900 Fx#: 1-866-563-9508See More
Nov 12, 2010
Janet Nation joined Wendy Rulnick's group
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Wells Fargo Short Sales

Wells Fargo and ASC (America's Servicing Company)This group is for information, tips and solutions for Wells Fargo short sales.See More
Nov 12, 2010

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First Name
Janet
Last Name
Nation
State
NY
City
Baldwin
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Specializing in short sales since 2007 servicing Nassau County and Queens.

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At 10:20am on October 29, 2010, Kamran Rabhbar said…
Thanks Janet. Best wishes. Kamran
 
 
 

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