Marcus
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Marcus commented on Wendy Rulnick's group Chase
"Alright - HUD rejected. Need seller name to match as the note holder. They have reopened the task for us to resubmit. Here are my options as I see it and I would appreciate any input. Option 1 - quit claim back to the note holder name and see if…"
Jun 6, 2014
Marcus commented on Wendy Rulnick's group Chase
"The agent tried calling several times all the way up to 6:00 EST yesterday.  Does anyone know what time they open?  He plans on calling first thing.  Is their any other advice anyone may offer to get the HUD approved for closing…"
Jun 6, 2014
Marcus commented on Wendy Rulnick's group Chase
"There is only 1 loan and yes - sent via equator.  I will tell the agent to keep calling."
Jun 5, 2014
Marcus commented on Wendy Rulnick's group Chase
"Everyone must be busy today.  The agents is telling me that he still does not have HUD approval yet.  Can anyone share experience as to how long they typically take and what to do to expedite the process?  We are supposed to close is…"
Jun 5, 2014
Marcus commented on Wendy Rulnick's group Chase
"Just as a general question, how long does it typically take to get approval of a HUD through equator with Chase?  The closer said to upload the doc there as opposed to faxing per the approval instructions.  Should I suggest to the agent or…"
Jun 5, 2014
Marcus commented on Wendy Rulnick's group Chase
"I could not agree more Joe. This is plan B. The reason we have not done this already is because the note holder has the tax lien outstanding. It has not been attached to the property yet."
Jun 4, 2014
Marcus commented on Wendy Rulnick's group Chase
"Thom - the listing agent is also representing me. And to make you all smile, he is the brother of the note holder. This has of course been disclosed to Chase. Of note, he is not getting paid a commission either because of the relation. If chase did…"
Jun 4, 2014
Marcus commented on Wendy Rulnick's group Chase
"The note holder was approved by Chase. Chase does not know of the phantom owner, unless they have performed a title search. The listing agent is aware of the phantom owner. I believe the note holder thought he was the owner, when we started 10…"
Jun 4, 2014
Marcus commented on Wendy Rulnick's group Chase
"What are your thoughts Mr. Davis?"
Jun 4, 2014
Marcus commented on Wendy Rulnick's group Chase
"So - the attorney is able to get title insurance on the transaction!  However, the HUD will show the current owner as the seller, who is not the note holder.  I am sending it up to Chase shortly for approval and hope that it goes through.…"
Jun 4, 2014
Marcus commented on Wendy Rulnick's group Chase
"Evening Thom, My attorney was on vacation and is returning tomorrow.  I know he has the prelim report on his desk and I will be speaking to him bright and early tomorrow so we will see.  I agree on what you are saying the State can do -…"
Jun 3, 2014
Marcus commented on Wendy Rulnick's group Chase
"Thanks Joe. The property is currently not in the note holders name.  My attorney has a signed quit claim in file from the current owner back to the not holder, that has yet to be recorded - which I think is a good thing.  As I mentioned,…"
Jun 3, 2014
Marcus commented on Wendy Rulnick's group Chase
"There is an interesting twist to this. The tax lien is on the individual. This individual, who is the mortgage holder, conveyed the property out of his name. The tax lien was then filed a couple years later on the individual. The best I can tell, it…"
Jun 3, 2014
Marcus commented on Wendy Rulnick's group Chase
"I'm the buyer but I have also been doing the agent's job. I am in banking so I am fairly knowledgeable of the process."
Jun 3, 2014
Marcus commented on Wendy Rulnick's group Chase
"Yea - this is a income tax lien - sorry for the confusion.  The seller has nothing (insolvent) and is in poor health so the State may or may not be willing to release the lien from the property.  There is no equity in the property at all…"
Jun 2, 2014
Marcus commented on Wendy Rulnick's group Chase
"Thank you Thom and Sheyenne.  I think the honey approach is what lies ahead of me.  I am going to see what we can do to get the ball rolling ASAP.  With an HAFA approval, will Chase typically agree to the up to $8,500 being paid?…"
Jun 2, 2014

Profile Information

First Name
Marcus
Last Name
Schubert
Are you a...
Buyer
State
Georgia
City
Athens

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