WFB gave approval for the first, then 2 weeks before expiration of approval they say their policy is not to extend.  We "just" got the 2nd approved.  But that isn't even the biggest deal.  Discover Card has a judgment lien on the property and using CIR Debt Collection Attorneys in San Diego and holding the approved HAFA short sale hostage because even though they are only supposed to get payment from any profits of the sale of the home - the fact that there are no profits matters not at all.  I'm trying to figure out who to contact.  CAR attorneys, politicians, the CFPB?  Almost seems like it shouldn't be legal.  I used to be on these boards 3-4 years ago, but short sales are now much fewer and far between.  Any suggestions?  I thank you in advance!  Anna

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Anna, I agree with Brian. You send the collection company / attorney an offer and have a chat with the seller to pay that. It can be a rough talk but the seller wins big time specially if you have almost everything approved. 

Blessings !

On a 17,700 debt, CIR Law Offices (on behalf of their client Discover) was "willing" to settle for $13k if they got the money in 10 days.  I advised we needed July 15 as the date so it could get done, and they flat out don't care.  We are giving up almost all of our commission to get this done - and I'm sure they look at us and see nothing but $$ signs which is reason they don't care.

I'm emailing David Nelms, CEO of Discover and Kelly McNamara Corley who is their general counsel and EVP.

I'm sure it will go in to their junk pile.  After this is all over I'm going to start a movement so judgment liens on homes with no equity can't interfere with short sales.......

Most likely it is because Discover will report or they have reported this as a  loss already. You may need to send the bank a different HUD with this $13k lien included  to approve. And, you shouldn't cut your commissions less than 2%. Also, what they have told you that they don't extend is baloney. You should send this to Kathryn SVP if you don't have email, msg me.

I don't have Kathryn's email and how do I "msg" you? 

It's not Wells Fargo that's cutting our commission.  They are paying 6%.  It is me as listing agent and selling agent who are cutting our veins to give CIR Law Office representing Discover Bank their blood money.....ooops did I say that?

Thank you!!

This did close a couple weeks ago.  Our negotiator at WFB (on his own) went to senior management and THEY paid Discover - in their words - to move the process along.  It was a HAFA short sale where WFB normally won't allow more than $500 to a third lienholder.

I should add that I emailed the President at Discover about this and also their Consumer Advocate.  It was the consumer advocate that called me and said CIR will extend the time frame.  They did.  Twice!

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