Richard - I may need your connections. I submitted all my sellers docs at least 2 times and just needed to get an updated BPO. Apparantly the idiots that got the BPO started the process all over again. Now I am told it has been assigned to a neg who is the escalated department
Just got my approval letter but not happy about the wording: "The amount paid to Chase is for the release of Chase's security interest only, and the Borrower is still responsible for all deficiency balances remaining on the Loan, per the terms of the original loan documents?
I've emailed the neg to see if this can be settled now in return for a promissory note still waiting. Any ideas?
Not sure of the investor. I know it was originally a BOA loan and was sold within the last 9 months to Chase. There is only one lien for about $135,000 and the offer is for $42,000.00. My seller will be willing to sign a 5 year prom note up to about $5000.00....
At this point I am waiting to hear back from the neg who is in California.....property is located in Florida
You guy's this is my first time posting, but if you guys need upper managements information for any shortsale let me know i have wonderous connections at Chase that will get me the information that i need.
Thanks!
Rich
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