Sally Perez
  • Female
  • Tulsa, OK
  • United States
  • Oklahoma
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Sally Perez's Discussions

Chase Charged Off Second

Started this discussion. Last reply by Jonathan Katz Oct 17. 22 Replies

Client has a 1st with SPS ($240k original balance) and a 2nd with Chase ($60k original balance). The first approved a short sale for $180k which is the BPO valuation. There were 2 BPOs done and the…Continue

 

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Latest Activity

Jonathan Katz replied to Sally Perez's discussion Chase Charged Off Second
"Chase Home Mortgage charged off second mortgages are the worst. I hope you go this resolved. SPS servicing division definitely tends to be easier completing an Select Portfolio Short Sale than dealing with a Chase Bank Sale. "
Oct 17
Beverly Cibulsky replied to Sally Perez's discussion Chase Charged Off Second
"I was curious if anyone got this issue resolved. I left off sending all the info Fannie Guidelines, "expired" approval letter with $6k, etc. and a cover letter that the second was instrumenting a foreclosure. The short sale cannot happen…"
May 6, 2014
Darren Bell replied to Sally Perez's discussion Chase Charged Off Second
"I'm willing to go to the grey zone.  I have sent them proof that it is Fannie Mae.  They don't care. "
Apr 9, 2014
Brett Goldsmith replied to Sally Perez's discussion Chase Charged Off Second
"Darren,       Situations like this are very sticky and sensitive. At times going into the grey zone is the only way you can get the transaction done in this particular situation.  Chase recovery does push people up…"
Apr 9, 2014
Darren Bell replied to Sally Perez's discussion Chase Charged Off Second
"I am having same issue with a chase charge off.  Freddie Mac won't allow more than 6k.  Chase wants 18k.  They said I can prepay the difference and there is no guarantee that it will be refunded if the deal doesn't close.…"
Apr 9, 2014
Enrique Vasquez-Plaza replied to Sally Perez's discussion Chase Charged Off Second
"same thing..  I have a 2nd with chase (1st was sold to sps) that they have no clue where is that loan at.  Amazing! They said it has been discharged, but then is not there, and back and forth! For a month. I dont know what to do."
Apr 8, 2014
Sally Perez replied to Sally Perez's discussion Chase Charged Off Second
"As Chase Turns continues... Now I am being told that GMLA (recovery) is handling it but the lady at Chase said she had no idea who that was or how I could contact them because they can't even call them. Anyone heard of this???"
Apr 8, 2014
Brett Goldsmith replied to Sally Perez's discussion Chase Charged Off Second
"Fannie won't allow contributions to show on the Est. HUD to subordinate lien holders. At times, parties will need to step into the grey zone in order to get this done. How much is owed to the 2nd and who is the debt being serviced by? You…"
Mar 28, 2014
Beverly Cibulsky replied to Sally Perez's discussion Chase Charged Off Second
"I am having the similar situation, however with another servicer, (servicing both) 2nd is in recovery department, First Fannie offered $6k, Second counter wants $20k, pointed out  Requested an Override that first was Fannie that the max!…"
Mar 28, 2014
Sally Perez replied to Sally Perez's discussion Chase Charged Off Second
"Enrique, I have requested the Chase Executive Office to review the file after I was told that they were requesting a full payoff. Keep me informed! Good Luck."
Mar 22, 2014
Enrique Vasquez-Plaza replied to Sally Perez's discussion Chase Charged Off Second
"I have the exact same situation. 2 liens with Chase, 1st transferred to SPS and 2nd (I was informed today) has been charged off.  they are close now, sO I will call them on Monday. I will keep you updated. HAFA requested to SPS as well. Thank…"
Mar 21, 2014
Sally Perez replied to Sally Perez's discussion Chase Charged Off Second
"I have not contacted the Office of the President just the Executive office # that is on the Chase information page from Short Sale Superstars. Do you have another contact #?"
Mar 20, 2014
Brett Goldsmith replied to Sally Perez's discussion Chase Charged Off Second
"You may want to request from the 1st that they review a payoff towards the 2nd. The reason for this is that the 2nd lien is charged off and if they do settle for less, you likely will need assistance from the 1st lien in order to potentially make…"
Mar 20, 2014
Sally Perez replied to Sally Perez's discussion Chase Charged Off Second
"You are correct, the first did not allocate any funds to the second. I know that it is strange that they are asking for the full payoff and I can't get an explanation as to why. There is NO equity in this property. The first is taking a $65k…"
Mar 20, 2014
Brett Goldsmith replied to Sally Perez's discussion Chase Charged Off Second
"Sounds like there is information missing. Why would the 2nd be requesting a full pay off? Do they feel there is equity? Also, the transaction needs to be restructured likely as it seems the 1st did not approve any funds towards the 2nd lien?"
Mar 20, 2014
Sally Perez replied to Sally Perez's discussion Chase Charged Off Second
"They were both with Chase at one time but the 1st was sold to SPS at the beginning of me getting this file. Chase was not named in the 1st foreclosure anywhere. The second was charged off and for the first 30 days I was dealing with the lien release…"
Mar 20, 2014

Profile Information

First Name
Sally
Last Name
Perez
Are you a...
Agent
State
Oklahoma
City
Tulsa
My Profile
I have been in residential real estate sales, in the Tulsa market, since 1993. I began listing and selling short sales in 2007 and have worked with many different lenders. I also have 10 years experience as a mortgage loan officer as well as 14 years as a real estate educator.

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