Greetings, Want to share some experience. BofA seems to be taking a pro-active involvement in the Short Sale Process, have closed many with them.We are closing a HAFA short sale file - today - that…Continue
"Ask them to give you a specific reason for the internal audit.Contact a manager or their List Assist Department (which doesn't do a whole lot) and asked them to directly contact a manager in that internal audit department. State to…"
"I just received this message from the Negotiator assigned to the file: "The file has been randomly chosen for an internal audit review. Again, their review takes minimum of 30 days for their review. This isn't anything I have control over.…"
"I have also had this happen once with a chase loan. They were checking to ensure all seller submitted documents were completely accurate, as they had some suspicion they were not. We did close on the SS!!"
"Thank you Tony, reviewing all my notes now to determine when they agreed the file was complete. They asked for things over & over via fax per their request, therefore, we submitted the same documents a few times prior to them opening a file in…"
"I have had this situation in the past. One reason CHASE could be auditing the file would be to see if there is or was possible fraud on any of the documents submitted for the short sale or the seller's origination documents. Another could…"
Hello, Need to know what to do, in all the years I have been doing short sales, haven't had this happen & am baffled. Have a Chase HELOC, 2nd, 1st is HAFA approved, paying 12K to 2nd lien, balance is apx 43K,. Just received a notice from Chase, the 2nd, through Equateor as follows:" I am sending you this message to let you know this file has randomly been selected for an internal audit review. Their review will take a minimum of 30 days for their completion. I have requested a rush review,…See More
"Wow, this is getting very frustrating. We have closed many short sales with Wells Fargo/ASC & this one is dragging on - think due to market change!? Today they asked for another updated hardship affidavit - 4th time & bank statements…"
"Wow, I am having a similar problem. I have a listing in Freeport, FL it has septic issues and is condemned. The average sales price in the neighborhood is around 90K. Nationstar countered at $127,100. There have been no…"
"I am in the middle of a value dispute currently as well - the home I am marketing needs some work - lack of maintenance, funds, etc. some of the items are pretty expensive reparis, unfortunately the BPO Agent didn't note these since they are…"
I have a file that has been with the Negotiator since Oct 11th. Full file submitted mid Sept. I was expecting to hear from the Negotiator this week, when I call in I cannot get transferred to her, am put off to call back or told I…"
I am a seasoned Associate Broker, who specializes in the short sale industry - everyday. I truly love my job, & as some of you know this industry can be trying. I have a great amount of respect for those of us whom have "stuck it out" in this market and hope to contribute and receive support to and from my fellow colleagues.
If you know of someone in the Phoenix Metro area who is upside down on their home - please don't hesitate to have them call me.
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I was working with D'andre Pringle but he was really no help. I just kept calling customer service and emailing everyone through the Equator website and telling them the buyer was going to be walking (which was true). On my approval letter there is a Foreclosure Prevention Manager named Justin Oler- 866-312-2432 ext 3377. I hope this helps!
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