Resurgent - Has anyone worked with them???
Has anybody worked with Resurgent??? I have a client that did a stated income loan 4 years ago - they are now short selling. The second lender (Resurgent) is requesting the 06 and 07 taxes to see if there was income fraud. They are stating that even though we are in an Anti-Deficiancy State (Arizona), that they are going to pursue the deficiency since there was income fraud. I am curious if anyone else has experienced this. And if their clients have actually been pursued???
Replies to This Discussion
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Permalink Reply by Tni LeBlanc (805) 878-9879 on
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Wow that sounds pretty nasty. Sounds like your seller needs to meet with an attorney. Sorry.
I found this because I was googling Resurgent. I just heard of another agent having difficulty with them in a negotiation and I wanted to see what their track record was. I guess he better watch out.
Also, if they suspect income fraud it could be that the loan agent changed documents after they were signed. There was a lot of that going on during that time and your client could legitimately know nothing about it.
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