Marcy Spieker
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Marcy Spieker's Discussions

Has anyone done a short sale with Vericrest?

Started Aug 9, 2011 0 Replies

I have a prime candidate for a short sale and Vericrest has just informed us simply that they will do no short sales.  Has anyone run in to this mentality and is there anyway to escalate this.  Their…Continue

 

Marcy Spieker's Page

Latest Activity

ElizabethWeintraub00697006LyonRE replied to Marcy Spieker's discussion Obtained ATP, now BoA says seller not eligible for SS because ATP expired. in the group Bank of America Short Sales
"I've had this happen before. Bank of America took too long to approve the buyer's offer and then the ATP expires. I've been lucky enough to get them extended but I've also had a situation in which they started over because there…"
Oct 27, 2014
Kevin - Greenville, SC replied to Marcy Spieker's discussion Obtained ATP, now BoA says seller not eligible for SS because ATP expired. in the group Bank of America Short Sales
"do you have a contract? if not get one submit and request BOA request a variance from FHA to extend the ATP.  i've done this countless times."
Oct 27, 2014
Marcy Spieker added a discussion to the group Bank of America Short Sales
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Obtained ATP, now BoA says seller not eligible for SS because ATP expired.

We obtained our ATP and had an accepted offer.  Buyer walked due to the length of time it was taking for approval.We now have a great offer and B of A is saying that the seller no longer qualifies for a short sale as of 10/1/14 because the ATP expired.  He said we cannot move back into a short sale, but only forward to a DIL.The seller does not want to do the DIL.  Is there any alternative?Marcy SpiekerSee More
Oct 27, 2014
Marcy Spieker commented on Wendy Rulnick's group Citi Bank
"Our short sale approval letter expires today.  Escrow has been emailing the negotiator who has to sign the final HUD since Tuesday with no response of any type.  Does anyone have a contact in upper management I can contact to get the HUD…"
Dec 19, 2013
Marcy Spieker joined Bryant Tutas's group
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Equator

Here's a group for us to share info about muddling through Equator.See More
Oct 25, 2013
Marcy Spieker joined Wendy Rulnick's group
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Wells Fargo Short Sales

Wells Fargo and ASC (America's Servicing Company)This group is for information, tips and solutions for Wells Fargo short sales.See More
Aug 7, 2013
Marcy Spieker replied to Juan Zane Crawford's discussion Investor not participating in HAFA
"My understanding is that servicer participation in HAFA is voluntary. "
Mar 5, 2013
Marcy Spieker replied to Mark Lee's discussion Done with short sales
"Mark- I agree with you completely!  Short sales are just about impossible to complete right now.  My 2013 business plan has changed completely and I am prospecting other areas.  When you consider the small number of short sales as a…"
Mar 3, 2013
Marcy Spieker replied to Pamela Walsh's discussion Citi HAFA Requiring Monthly Payment from Borrower to Participate??? in the group Citi Bank
"I've never heard of this but the way short sales are progressing nothing would surprise me anymore!    Citi is one of the absolute worst IMHO.  I have a short sale with them that has been dragging on for a year now. …"
Feb 26, 2013
Marcy Spieker replied to Mike Rizzo's discussion Fannie Mae has become unreasonable on their asking price
"I, too, am fighting with Fannie Mae on a value dispute.  After they came in with their ridiculous counter (which, by the way they gave to us in the form of what Fannie has to NET, not a fair market value sales price) we went back with our…"
Jan 30, 2013
Marcy Spieker replied to Sharon Burgos's discussion Lender requiring proof that Citi negotiator is authorized? in the group Citi Bank
"Congratulations Sharon.  It sure feels good when you get one like that closed. I am also battling with Citi on a short sale.  We have been under contract for 7 months and Citi just keeps stonewalling.  No excuse whatsoever!  Wish…"
Jan 18, 2013
Marcy Spieker replied to Sharon Burgos's discussion Lender requiring proof that Citi negotiator is authorized? in the group Citi Bank
"Wow!  What next!!  Who is the buyers lender requiring this?  It would be nice to know for future reference. Would a change of lender for the buyer be possible?  There are lenders that can close transactions in 10 -14 days. …"
Jan 16, 2013
Marcy Spieker replied to Selinda Kennedy-Bryant's discussion *FHA and WElls Fargo-Invalid Aproval to Participate-ZERO SHOWINGS!! WHat do I do???
"I agree with Diane- -definitely meet the appraiser there.  We may do everything today by technology but good ol' face to face is still very important in certain situations.  Make certain the appraiser is aware of the deficiencies in…"
Nov 11, 2012
Marcy Spieker replied to Valerie Pressley's discussion Does a Deed in Lieu Prevent a Security Clearance?
"From my knowledge a security clearance is most definately affected by credit.  A DIL is much worse on credit than a short sale, escpecially if they can do a HAFA short sale as that gets reported differently.  We just had B of A counter a…"
Nov 11, 2012
Marcy Spieker replied to Chanakya's discussion Short Sale on investment property with Citi. Agent suggests stop making payments to show hardship. Should I? in the group Citi Bank
"One of the requirements for HAFA is that you are an owner occupant so why that topic even came up is beyond me.  HAFA should never have been an issue. Find out who the investor is on this loan.  If it is Fannie Mae, they have just changed…"
Sep 19, 2012
Leslie Kunkel left a comment for Marcy Spieker
"Marcy, I see where you recently had a SS with SunTrust as the 1st and 2nd lien holder. I am close to approval with the1st and honestly have not done much with the equity line but now am moving ahead with it. Any contact numbers you can share and…"
Jul 19, 2012

Profile Information

First Name
Marcy
Last Name
Spieker
State
Seattle
City
WA
My Profile
Believe it or not, I do enjoy short sales! I get great satisfaction out of helping people arise from a seemingly hopeless situation to selling their property and avoiding foreclosure.

I have my CDPE and am constantly looking for new information, advice and education on short sales and the foreclosure market in general. You can never learn too much as the market is continuously evolving and changing.

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At 12:41pm on July 19, 2012, Leslie Kunkel said…

Marcy, I see where you recently had a SS with SunTrust as the 1st and 2nd lien holder. I am close to approval with the1st and honestly have not done much with the equity line but now am moving ahead with it. Any contact numbers you can share and advice?? Will they move quicker as the 2nd? Thank you for any assistance!

 
 
 

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