"Good for you KAY!!! Glad to hear!!! It's a shame that in order to get a short sale APPROVED by US SKANK....ooops!!! I mean USBANK..... that one has to go to the moon and back to get anything done.
The ones who are successful are the ones…"
"I use the same CDPE authorization to release information, but I add my name as a designated agent and add the last 4 digits of my office tax id#. So far this has worked in the past.
Kay Van Kampen
I decided not to wait and filed a complaint through Mo.gov against US Bank. Low and behold within 2 days I received calls from US Bank stating they would reopen the file and submit it to the investor for final approval. I…"
"Kay USBANK is in an F5 category of tornados regarding their short sales. Contact me directly, for info on "escalating" USBANK short sales and what to do...they'll have you chasing your tail in circles til the…"
I received a call from US Bank yesterday and they said they were closing my file due to not receiving pay stubs that I sent over 2 weeks ago. This was not an FHA loan and the seller is a single parent with no income, but she remarried and they decided to use the new husband's income. We were within days of receiving a final approval. They have been the slowest bank of all the banks I'm dealing with. Who do I contact to complain to? And how can I place a complaint against them? They are…See More
"Talk to the investor about the situation. Usually, I'd say ask a state senator to get involved, but since it is due to the fed shutdown, your federal congressman has nothing to do all day and is responsible for the mess, you might get him to…"
"There are "local" lenders completing USDA in house and closing with an overlay that borrower must "clearly" meet guidelines. I am in St Louis area and I have three lenders who are proceeding with USDA loans."
Well, here's another frustrating problem I have with a short sale. I received approval from Bank of America on a short sale and they gave me 45 days to close. Great! Except the buyer was doing USDA financing. The lender got started on the paperwork and in the middle of the paperwork decided to remove one of the buyer's names. That didn't stop the process. So, while they continued on, I received approval from BOA to remove one name. As the buyer's lender got ready to submit the file to…See More
As Broker/Owner of RE/MAX Solutions, I have been successfully closing short sales for the past two years. I Service Springfield, Missouri and surrounding areas including Ozark, Nixa, Republic, Willard, and Rogersville for the past 22 years. Recently completed the CDPE Training through RE/MAX.
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I have not found anyway to speed BofA up, I have a great contact that is a senior level supervisor and she even struggles to push them along. Stay in contact.. As far as REO trans, my understanding is that only new files are being assigned there.
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