London Cox
  • Male
  • Fort Lauderdale, FL
  • United States
  • FL
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Jackie Gonzalez liked London Cox's profile
Oct 24, 2016
London Cox replied to michael bellamy's discussion Wells Fargo Short Sale: Seller Not Delinquent in the group Wells Fargo Short Sales
"Yes, I've closed a number of short sales with Wells where the borrower had remained current until the end.  It will come down to the policies of the actual investor that owns the loan though.  Some will allow it, some won't. You…"
Oct 20, 2016
London Cox commented on Wendy Rulnick's group Wells Fargo Short Sales
"Yes, it seems that they have deemed that whole interwebs thing as being just a bit too sophisticated for their liking.  They did make the bold decision to begin accepting documents via email though, which has proven to me anyway to be…"
Oct 3, 2016
London Cox commented on Stephanie Lim's group FHA - HUD Short Sales
"I would recommend anticipating 45 days, but have seen them come back quicker on occasion.  You just want to be sure to get them the complete package of documentation the first time around to avoid delays.  "
Sep 8, 2016
London Cox commented on Stephanie Lim's group FHA - HUD Short Sales
"Johanna -  Yes, I've run into this issue with the IRS on short sales on a number of occasions and have found them to be pretty cooperative in removing those liens.  As would be expected with dealings with the IRS, there is certainly…"
Sep 8, 2016
London Cox replied to Robin Lemmons's discussion Wells Fargo Document in the group Wells Fargo Short Sales
Feb 8, 2016
London Cox commented on Wendy Rulnick's group Short Sale Referrals
"Bill - My firm has successfully negotiated over 1,700 short sale approvals since 2007. We have a strong track record with virtually every lender in the industry and are currently averaging 45 days in delivering written approvals. Please feel free…"
Aug 17, 2015
London Cox replied to Teresa Keeler's discussion Value dispute approved - but it's not REALLY approved? in the group Fannie Mae
"And therein, we have the very definition of a Catch-22......... I would keep hammering on Fannie.  Nationstar is going to stick with that old value regardless of what you tell them.  It will have to come from their investor. My next…"
Jun 26, 2015
London Cox replied to Teresa Keeler's discussion Value dispute approved - but it's not REALLY approved? in the group Fannie Mae
"I've had this same experience with those two parties.   I would recommend going back to your contact at Fannie and request (demand?) that they notify Nationstar of the results of the valuation dispute.  Provide the Fannie rep with all…"
Jun 26, 2015
London Cox replied to cat's discussion FNMA and Request for Promissory Note??? in the group Fannie Mae
"I wouldn't worry about submitting a valuation dispute. If the value was that much higher than the actual offer, they would have countered the contract price and would not be demanding a note from the borrower. What has likely occurred is that…"
Jul 15, 2014
London Cox replied to Jody Horn's discussion Offer with investor for final approval in the group Bank of America Short Sales
"Likewise, it will depend on who the MI is.  I would plan on an additional 7-10 days, but it could certainly be less depending on the company.  You can reach out to BofA as well and they will be able to give you a pretty good estimate on…"
Jun 10, 2014
London Cox replied to Jody Horn's discussion Offer with investor for final approval in the group Bank of America Short Sales
"The timeframes vary depending on who the investor is.  A good general rule of thumb though would be 7-10 business days from the time that the file is sent to the investor."
Jun 10, 2014
London Cox replied to Ute Ferdig's discussion Alleged technical glitch at Ocwen blamed for not working on file in the group OCWEN
"Ocwen has proven themselves to be very capable in acquiring new loan packages over the last 18 months or so by offering some of the lowest servicing rates in the industry.  Their ability to do so rests largely on their willingness to outsource…"
Jun 6, 2014
London Cox replied to Icesis Cruz's discussion ASC Denied Short Sale in the group Wells Fargo Short Sales
"It's unlikely you'll be able to get that approved if the borrower is unwilling to stop making payments.  Once Fannie digs their heels in on that point, it's virtually irreversible.  Their take on the matter is that if the…"
May 28, 2014
London Cox replied to Icesis Cruz's discussion ASC Denied Short Sale in the group Wells Fargo Short Sales
"A fatal illness should qualify as a legitimate hardship, when coupled with the fact that he likely won't have any income (or it would at least be significantly reduced) as he went through treatment and the very unfortunate reality that he…"
May 28, 2014
London Cox replied to Icesis Cruz's discussion ASC Denied Short Sale in the group Wells Fargo Short Sales
"Icesis -  If your seller is still current on his mortgage payments, that is almost certainly the reason for the denial.  Fannie and Freddie are both among the most consistent investors to deny these because the payments are current.…"
May 28, 2014

Profile Information

First Name
London
Last Name
Cox
Are you a...
3rd Party Negotiator
State
FL
City
Fort Lauderdale
My Profile
My firm provides dedicated 3rd party short sale negotiation services for sellers, buyers, real estate agents, title companies and attorneys. 11+ years experience delivering short sale approvals throughout the State of Florida.

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