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I do not usually like to comment on topics that I am not certain in, but I recently dealt with a case in NY. We have dealt with several cases in NY in the past and usually there was a real estate agent listing the property and an attorney handling the settlement/escrow/title. I have seen in the past that when the borrower or seller have an attorney representing them in the short sale of their property the bank assigns an outside law office to deal with the attorney which only slows things down by putting an additional party in the chain of communication. Does the seller have a real estate agent listing the property or is it an attorney? If it is just an attorney it might be the cause of the slow down and lack of communication.
I hope this help and please if anyone knows more about what I am talking about feel free to chime in.
Let us know how it goes. I always love to learn and am curious about your case.
Wayne is correct! I just closed an OCWEN short sale and it was easy, approved in 5 weeks. Never dealt with India.
Oh dear...
5 weeks?
Thank you so much for the information!
At risk of overstepping our boundaries I have forwarded along all of this information and asked the sellers agent to sign a third party authorization and to start calling Ocwen. I forwarded the information found from the Ocwen group. I will post back when I hear something. This is so frustrating.
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