Anyone have a contact for escalation at Nationwide Credit (NCI) they took over the 2nd lien from Ocwen, its charged off.Onewest has allowed only for 10% and NCI will only lien release for 20%. I'm at…Continue
Of course I have an approved short sale in closing and the title company comes back with a nice request : Find the missing assignment from the PREVIOUS owner of property, not my client, a New Century…Continue
I have heard anecdotal stories that there does not have to be a delinquency however, I have no experience of this. I do have 3 listings coming up that the borrower is not behind ... can anyone share…Continue
I have been running into title problems with servicers such as Green Tree and Seterus who are negotiating on behalf of entities like BOA. BOA seems to be releasing more often but do not follow with a…Continue
This year under the new BOA short sale process, we have really taken a step back. I have recently been waiting on an approval to come in and finally I get one the explicitly calculates the balance and claims they will not waive the deficiency. Typically, the negotiator will offer a compromise prior to and ask for a contribution in exchange for a deficiency waiver, but I got sandbagged on this approval.
Last year, BOA was great to work with...this year they have been the Gestapo that…Continue
I have a short sale approved with Bank of America here in Maine and the title attorney noticed the judgement period lapsed 2 yrs ago, but the foreclosure was put on hold due to the affidavit review. Now we are in need of a Waiver of Foreclosure, as the seller isnt technically a vested owner, I have submitted this to BOA and am waiting on them to sign off on it. We're getting a little nervous as its been over 2 weeks now.....Anyone experience this before? What is the likelihood they refuse to…Continue
I have been working short sales in Maine exclusively for the past 3 years. You can look me up at http://martymyrealtor.com
Cheers, and keep up the great work!
Regency Realty Group
South Portland Maine