Comment by Joyce Hathaway on February 21, 2013 at 10:06am           

I need some advice...Citi bank is refusing an offer on a short....(military transfer from Florida to Texas)  Offer is $75,500 Citi says investor wants $92,000...not worth $92...negiotator says bring $92 or sign a deed in lieu....Offer apprasial, comp, BPO negiotator says investor $92 or a deed in lieu...still not worth $92,000...advise please  Joyce

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Who is the Investor?

Freddie Mac

Freddie Mac

Send me an email - [email protected] and we will get this going for you.

There are many ways to overcome a high BPO........

Thanks Ben I sent you an email   Joyce Hathaway

You don't really give enough information to determine the service members eligiblity for military assistance programs. So here are a couple of resources First check to see if the member qualifies for the military’s Homeowners Assistance Program (HAP)

Here is the link. Scroll to the bottom and click on check for eligibility.

http://www.usacares.org/assistance/

The mortgage servicer is clearly in violation of the Servicemembers Civil Relief Act (SCRA) as well as the consent decree. by requiring a DIL.  Read the article in the link. On the right hand side click on submit a complaint.

http://www.consumerfinance.gov/blog/help-for-military-homeowners/

You might read this paragraph to the servicer requiring the DIL.

The settlement also has provisions for military homeowners who get Permanent Change of Station (PCS) orders. The banks will provide short-sale agreements and deficiency waivers to those servicemembers who were forced to sell their home at a loss due to a PCS and were not eligible for the military’s Homeowners Assistance Program (HAP). This will help servicemembers who were underwater on homes they bought between July 1, 2006 and December 31, 2008, or who received a PCS after October 1, 2010.

Notice that it does not say might or shall. It says WILL provide short-sale agreements and deficiency waivers.

Dean Eshelman, Certified Military Housing Specialist

 

Additional information in the consent decree.

For Further Questions:

• Any Servicemember who believes his or her rights were violated by Bank of America, J.P. Morgan Chase, Ally, Citi, or Wells Fargo can contact the Justice Department directly at 1-800-896-7743.  The Department will have access to information to determine whether or not servicemembers are victims and the settlement requires those individuals to be contacted.

• Servicemembers and their dependents who believe that their SCRA rights have been violated should contact the nearest Armed Forces Legal Assistance office.    For the relevant contact information, please consult the military legal assistance office locator at http://legalassistance.law.af.mil and click on the Legal Services Locator.   

• Additional information about the Justice Department's enforcement of the SCRA and the other laws protecting servicemembers is available at www.servicemembers.gov.

 

Air Force purchsed home in 2003..refinanced in 2005...Thank you, Dean for all your assistance.  Joyce

Having the same issue here but with SLS acting as 2nd. Wells is 1st but getting full payment. SLS is getting 46% of owed balance and say the want full pay off. Any advice dean?

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