Rashida Furniturewalla
  • East Brunswick, NJ
  • United States
  • New Jersey
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Rashida Furniturewalla's Discussions

Short Sale with Merryl Lynch as second lien holder

Started this discussion. Last reply by Jonathan Katz Aug 20. 2 Replies

I am currently orking on a short sale with Chase as first lien holder and Merryl Lynch as second. I am looking for a short sale package for Merryl Lynch. If anyone has delt with them before and have…Continue

 

Rashida Furniturewalla's Page

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Jonathan Katz replied to Rashida Furniturewalla's discussion Short Sale with Merryl Lynch as second lien holder
"Rashida, I am surprised that no one ever responded. Did you ever get the Merryl Lynch package? I know I found the Chase Request For Mortgage Assistance RMA Form Package. Hope everything is well. Regards, Jonathan"
Aug 20
Rashida Furniturewalla replied to Rashida Furniturewalla's discussion Loan got Transfered to SPS by Chase after getting short sale approval from 2nd lien holder.. in the group SPS Select Portfolio Servicing, inc
"Thank you for your reply. Judging from the earlier reviews of SPS I was preparing for a long and tedious process. But your remarks make me feel more hopful of a positive outcome sooner."
Aug 9, 2016
Brett Goldsmith replied to Rashida Furniturewalla's discussion Loan got Transfered to SPS by Chase after getting short sale approval from 2nd lien holder.. in the group SPS Select Portfolio Servicing, inc
"Rashida,        You will need to resend a new package. In this scenario, the short sale will likely be starting all over with SPS. Service Releases are never ideal especially if you were already deep into the review…"
Aug 9, 2016
Rashida Furniturewalla added a discussion to the group SPS Select Portfolio Servicing, inc
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Loan got Transfered to SPS by Chase after getting short sale approval from 2nd lien holder..

The short sale I was working with CHASE got transferred to SPS on August 1st 2016. This property has two liens on it. I got an approval from the second lien holder which expires on August 29th. And SPS wants 30 days to activate the file in their system. The review will take more time. Is there any way to speed up this process befor the 2nd lien holders approval expires. Also will they work with the docs sent to CHASE or do I need to get a new set of docs signed for SPS?See More
Aug 9, 2016
Rashida Furniturewalla joined Mayra Espinosa CDPE, HAFA, SFR's group
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SPS Select Portfolio Servicing, inc

For Short Sale - OverviewHomeowners interested in pursuing a short sale, can call 888-818-6032 to speak with a Loan Servicing RepresentativesTo speak to a Loan Servicing Representative to Help you with answers to your questions regarding the status or history of your account call please call 888-818-6032Representatives are available Monday through Thursday from 8:00 AM to 11:00 PM, Eastern Time.Friday from 8:00…See More
Aug 9, 2016
Ryan Weaver left a comment for Rashida Furniturewalla
"Rashida, My contact for PHH was not typical because I was able to obtain a third party authorization on the loan thanks to an understanding homeowner. The other borrower however would not fill out the hardship packet to allow the short sale to…"
Apr 20, 2016
Rashida Furniturewalla posted a discussion

Short Sale with Merryl Lynch as second lien holder

I am currently orking on a short sale with Chase as first lien holder and Merryl Lynch as second. I am looking for a short sale package for Merryl Lynch. If anyone has delt with them before and have any experiences to share I'd appreciate it. We have approval from the first bank and now we need to expedite with Merryl Lynch. Thanks..See More
Apr 16, 2016
Rashida Furniturewalla joined Wendy Rulnick's group
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Short Sale Referrals

Post your referral needs here! Join this group to be automatically notified of new referrals for listings or buyers!See More
Sep 5, 2014
Rashida Furniturewalla is now a member of Short Sale Superstars
Sep 4, 2014

Profile Information

First Name
Rashida
Last Name
Furniturewalla
Are you a...
Agent
State
New Jersey
City
East Brunswick
My Profile
Short Sale specialist, SFR, REO, Broker,

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At 8:43am on April 20, 2016, Ryan Weaver said…

Rashida,

My contact for PHH was not typical because I was able to obtain a third party authorization on the loan thanks to an understanding homeowner. The other borrower however would not fill out the hardship packet to allow the short sale to happen so I ended up buying the house at the sheriff sale. My experience with PHH was great they told me the investors minimum net and were very helpful in trying to facilitate the short sale. PHH valued the home at 162k and the minimum net was 122k. At sheriff sale they bid up to 121k. I was always able to contact them when I needed to and found hold times much shorter early in the morning. I am unsure if these numbers will be helpful without an authorization and my contact that was handling my short sale no longer works there so that wont help as it forwards to Loss Mitigation. Good Luck!

Loss Mitigation 1-800-750-2518

Foreclosure 1-866-947-7729

 
 
 

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