August 2016 Blog Posts (2)

Investor says Short Sale is No longer an option...

Anyone see this? Suggestions?

Check to see if the short sale has been set-up for the new buyer. She said they received documents however the investor is putting in a restriction on the file for a short sale and the available options are Deed-in Lieu , SPS modification and Repayment Plan. She said there is nothing that SPS can do to lift the restriction. And so I asked for the name of the investor on the file and she said she will send in a request for the investors name to be sent…

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Added by Robert A. Carrino on August 25, 2016 at 8:20am — No Comments

Wells Fargo - Short Sale Rejected - Looking For Suggestions

After dragging my short sale request out for almost ten months on a 3 family house, and after telling me they were going to order an appraisal they rejected my short sale request.  The reason they gave me "Occupancy or Rented more than 18 months PFS/DIL requirement not met".  Its a BS reason. 

I am fighting it through the executive escalation team.  Unfortunately because of my job I cannot miss payments on the mortgage to pressure the bank.  This property is ruining me financially and…

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Added by James Faulkner on August 22, 2016 at 5:55am — 3 Comments

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