Got it -- How to find out who the private investor is
For B of A loans with private investors:
Have your Seller send you a 2 or 3 sentence SIGNED letter asking for the name and contact information for the private investor on the note.
Fax this to - 805-520-5019, Attn: Correspondence Department, with your loan number clearly stated thereon
Include the Private Investor in ANY escalation issues you have with B of A, along with a "dig" such as:
"Dear ________(Private Investor)
I can not believe you are actually paying B of A servicing fees as they continue to play games and drag their feet on this short sale......"
and watch how responsive B of A gets.....it is on guys!!!!!!
Replies to This Discussion
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Permalink Reply by Jeff Payne on
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Good stuff Ben, you are the man, I like your style :)
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Permalink Reply by Ben Benita on
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it is definitely on my friend.....when people start EXPOSING THE BS that B of A is doing the non-sense should come to an abrupt hault.
We did this with another B of A loan, Bank of New York/Mellon Bank was the private ivenstor.
I sent them a few e-mails about B of A ignoring us and charging "unnecessary servicing fees" (that is the key phrase) with a "cc" on the -mail to the B of A higher ups that were ignoring us, and, apparently someone up the food chain was able to get their head out of their you know what.......we got our approval letter VERY shortly thereafter.....
Just gotta' know how to play the game......find the other sides "hot buttons" and PUSH'M!!!!
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Permalink Reply by Kevin - Greenville, SC on
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Great Stuff Ben! How is the book coming?
Kevin -
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Kent - since you asked, will be ready to roll by Friday.....
Kevin M. Lancaster - Willson said:Great Stuff Ben! How is the book coming?
Kevin -
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