I called Chase BK dept and was told all I needed was a permission to speak letter from client's attorney so I can move forward with short sale approval, once I have approval from ss bank I can sent to trustee for approval. Is this the correct process? Every time I call, I get different information...I would greatly appreciate input , thanks in advance Adda R
Tags:
Permission to speak from the clients attorney? Most likely you need an authorization to release information signed by the borrower. Once you get approval, yes you will need to get trustee approval and that is usually very easy as the trustee is more than happy to approve it.
Why would you not be working with the Chase short sale department?
Adda,
They are requesting a letter from the BK attorney allowing you to speak on behalf of this file. Depending on the status of the BK they may require additional paperwork to move forward with the short sale. Some servicers do not proceed forward while there is an active BK on file.
310-564-6389
thanks guys for taking time out of your day to help me out,
awesome bunch of guys!!!
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.