"I have a client in Scranton NJ that has a buyer for his home on a short - Nationstar is Servicer - and they are apparently ready to move on this quickly?
Need a VERY EXPERIENCED shorter who deals in very difficult (did I say difficult) shorts.
"Requested Citi to extend their letter of agreement on a HELOC, as IRS was taking time to strip their lien from title and this is what I got from Maria Flores...
On Feb 21, 2011, at 6:32 AM, Flores, Maria R wrote:"
"Can you upload the letter confirming this - or any other communication confirming this please?
I have seen a similar post as yours, but no docuentary evidence.
If this really does exist - this would be incredibly uselfull to us…"
"Yes - I had replied to an earlier post from someone - and asked for a copy of the letter sent to the borrower/home owner - but did not get a copy posted! So....
And on your client who will BK on the trustee sale notice - I have one in BK…"
You are absolutely correct - and if this website and forum is seen as a catalyst, then Short Sale Superstars could have an issue.
Also the SB931 - does not seem to cover HELOC's - only first TD's - so the…"
"Gael - this property will be seen as an investment property - you should make the sellers aware that both Aurora and Wells Fargo will issue either a deficiency condition and/or a 1099.
I'm sure the CPA or attorney they contacted…"
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