"Dean -- we do have a CFPB complaint filed. I am floored that upper management (apparently the directive came from a Sr. VP in their group) would instruct their low level managers to violate RESPA and demand that money be sent to them off…"
"Has anyone else recently worked with US Banks "New" 2nd TD unit? I am not sure if the people we are working with are just untrained or have been taught to make questionable demands?
Our seller discharged both the 1st and 2nd TD…"
"You either have something fishy or a neophyte worse that the current usual dim bulb paper pushers at BofA. They want to know who runs/owns the LLC - who really benefits from the sale - an arms length thing. So, if the things you are giving them…"
"The exact same thing is happening to me right now with B of A. We even had the title company state that they would insure the client/LLC. We have submitted the articles of organization and Statement of Information and…"
"The bank is looking to see who the LLC is - arms length transaction. I have uploaded the articles several times for different deals. Although I have created a couple of LLC's and INC's, I've never thought of not having articles of…"
"LLC is a Limited Liability Company - members can be an individual, partnership or corporation - LLC can be filed as a partnership or corporation. How is your client's company setup? Your client should have the…"
"Just to add my two cents since I am a CPA. LLC stands for Limited Liability Company - not Corporation. A LLC may be a single person operating as a sole proprietor (filing a 1040 Sch C (business) or Sch E (rental property), a partnership (IRS form…"
Has anyone else noticed that all of a sudden BAC negotiators dont seem to know the difference between a Corporation and an LLC? I have had several files lately in which a negotiator has threatened to cancel a file if we dont upload Articles of Incorporation for an LLC. The latest was from a negotiator in their Texas facility (Ron Brown) claiming that LLC stands for "Limited Liability Corporation" (and yes he did send that in writting in an email). Now, I do not pretend to be an expert on…See More
I just submitted a package to AHMSI/ Homeward tonight. I am double-ending it and I'm concerned because I hear they only give 3% for dual. This will be my first time dealing with AHMSI so I will let you know if they are requesting to…"
Hello All, Has anyone else been recently asked to upload new AHMSI/Homeward short sale files into Equator to be worked by a company called Powereo? Attached to this message is a document that they (Powereo) are 'demanding' be filled out and signed prior to the file being worked. We obviously have some issues with this document (AHMSI/Homeward has sent multiple soliciations to our seller for HAFA) and have asked for a copy of their real estate license (they are not licensed in our State,…See More
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