I am working on a short sale that a Title1 insured by HUD 24 C.F.R. 201.(2) (e). One of the requirements is to have the borrower acknowledge that any release will not release them from the remaining…Continue
Does anyone have an escalation contact at Wells Fargo? I have a VA backed loan under contract, the property is scheduled to be foreclosed upon on the 15th and Wells Fargo is saying that they won't stop the foreclosure due to the proximity of the Foreclosure date.Thank youSee More
My seller is facing foreclosure because the VA appraisal came in too high and WF advised that VA does not allow value disputes. Has anyone run into this issue? I am trying to contact the VA to see if I can get assistance from there. The appraisal is good till April, but foreclosure is scheduled for mid March.Thank you in advanceSusanneSee More
"Who is the investor on the 1st note? If the 1st requires deficiency balance to be waived and you can't negotiate the 2nd to waive it, it would be a deal killer. I've seen this happen a few times, but hopefully with creative thinking and…"
I am working on a short sale that a Title1 insured by HUD 24 C.F.R. 201.(2) (e). One of the requirements is to have the borrower acknowledge that any release will not release them from the remaining obligation due on the loan.The loan is with Admirals Bank. Does anyone have any experience with this? The First lien holder will not approve if the junior lien holder does not give up the right to collect on the deficiency. Any help would be appreciatedSee More
I do not have escalation information, however, I was contacted 6 weeks after Nationwide Inc refused to accept the first lien holder's offer. They were offering the home owner a pay-off lower than what they would have received had they…"
"Hello Susan, any progress in this situation? Also, i have a Short Sale where the 1st lien is Ocwen and the 2nd is Nationwide. The 1st agreed to pay $5,000 to the second, however the 2nd want $16,000, Nor the buyer or the seller want to pay. Any…"
I have a short sale that has Nationwide Credit Inc as a second. They are owed 27+k, but want $7700 from the first lien holder. First offered $3000, which is more than generous. Second will not accept, nor go to investor to get a counter. Does anyone have escalation contact info?I'd appreciate any help I can get.See More
Services loans for Ocwen. You start off submitting your short sale package to Ocwen and then surprise to get handed off to Nationwide Credit Inc. who in my opinion are much better to deal with than Ocwen.See More
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