Jorge Newbery's Blog – March 2010 Archive (1)

Wilshire loan taken over by BAC: getting approval letter extension

We have a Wilshire short sale approval letter which expired last Friday, and Wilshire is now out of business and the servicing was taken over by BAC. Although the buyer and seller signed all closing documents and the buyer wired closing funds to title last week, we were unable to close because we did not receive the approval letter on the Franklin Credit 2nd mortgage. Now, Franklin says that we will get their letter today. We contacted BAC Friday and they asked us to email the Wilshire approval… Continue

Added by Jorge Newbery on March 31, 2010 at 2:47am — 2 Comments

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