"Actually our contract says that the utilities need to be on for walk thru. We require the buyer to sign that they will turn utilities on if they need them turned on. As an agent who does alot of transactions, I wont turn…"
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Who pays to turn the utilities back on when the bank shut them off?
Started this discussion. Last reply by Satar Naghshineh May 7. 6 Replies 0 Likes
Hi I have a HSBC short sale approval to close in the next few weeks . The seller has moved out of state . HSBC had the property winterized last fall and the electric is off. Will HSBC pay to have…Continue
Need payoff letter from CCO on 2nd Loan has been charged off Help please !
Started this discussion. Last reply by Smitty Mar 7. 7 Replies 0 Likes
I am using a attorney to do this Short sale which has been going on for a year We started with Metlife and CCO. Metlife sent it to Nationstar so as of now......I have a Short sale w Nationstar 1st/…Continue
In negotiations with met life/ first horizons short sale for 6 months and they sold it to NATION STAR yesterday
Started this discussion. Last reply by Jackie Thompson Aug 23, 2011. 22 Replies 0 Likes
Does anyone have any sugesstions . on 5/20 they said we would know in 30 to 45 days we called every weekhad it escalated , they forwarded it to a manager etclast nights call they said hmmm no…Continue
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Jeff Payne replied to Jean Costanzo's discussion Who pays to turn the utilities back on when the bank shut them off?Jeff Payne replied to Jean Costanzo's discussion Who pays to turn the utilities back on when the bank shut them off?"I dont see why they need to be on if you already did inspections, is appraisal done?
"
"Hi Jeff
They did the inspections Do they need to be on for the closing ?
In NY we do inspections before going to contract
Thanks so very much !!
Jeannie "
Jeff Payne replied to Jean Costanzo's discussion Who pays to turn the utilities back on when the bank shut them off?"I ALWAYS add that the buyer has to turn them on if they need them for inspections, etc. Part of the contract"
Who pays to turn the utilities back on when the bank shut them off?
Hi I have a HSBC short sale approval to close in the next few weeks . The seller has moved out of state . HSBC had the property winterized last fall and the electric is off. Will HSBC pay to have everything turned back on ? Thanks again ! Jeannie See More
"I have short sale approval on a HSBC 1st and 2nd good until may 24th We just received notice that they are selling both loans to First Niagra on may 18th The buyers are using Wells Fargo and will not be closed by then…"
Smitty replied to Jean Costanzo's discussion Need payoff letter from CCO on 2nd Loan has been charged off Help please !"Jean, what did you end up doing?"
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3/2/2012
Closed !!! Thank you all for your help and support !
"
Kristen McEwen replied to Jean Costanzo's discussion Need payoff letter from CCO on 2nd Loan has been charged off Help please !"I have a first with nationstar and a second with CCO. nationstar agreed to pay 10% of the original loan amount to CCO. It is also in chargeoff status (the second). Now Nationstar wants my buyers to come up with 5k to close. …"
"Hi Linda Thank you so much ! "
Linda Zemler replied to Jean Costanzo's discussion Need payoff letter from CCO on 2nd Loan has been charged off Help please !"We have one that we're just wrapping up that is also Nationstar (1st) and CCO (2nd).
We found that CCO requires 10% of balance for payoff and forgiveness of debt. However, Nationstar will only allow 6% of balance to CCO from the sale…"
"Thanks for responding She cant find the letter
That is what I am wondering I doubt it I have a call into them
"
Kathy Denworth replied to Jean Costanzo's discussion Need payoff letter from CCO on 2nd Loan has been charged off Help please !"A stupid question, but does the owner have the letter? If they charged off the loan, did they also dismiss their claim?"
Need payoff letter from CCO on 2nd Loan has been charged off Help please !
I am using a attorney to do this Short sale which has been going on for a year We started with Metlife and CCO. Metlife sent it to Nationstar so as of now......I have a Short sale w Nationstar 1st/ CCO 2nd In August prior to getting approval on the 1st CCO wanted 4700 of a $46947.79 balance Now we are getting ready for Nationstars approval and need a payoff from CCO CCO said that since this loan has been charged off, all of their documents have been purged, the interest has been wiped out, and…See More
Terry Reager left a comment for Jean Costanzo"Jean-- They told 5% with agents from different offices."
Jeff Payne replied to Jean Costanzo's discussion HSBC Commission Thanks !!! in the group Help Me!"YES YES YES YES YES !!!! :)"
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- At 6:02pm on November 2, 2011, Terry Reager said…
Jean-- They told 5% with agents from different offices.
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