Yes, STILL trying to wake up from this nightmare!
Vey long story short, have ANY of you superstars had any luck in resolving the (very) ambiguous issue of challenging what the bank says the credit score is and what the credit agency states? I know they are different models, but if M&T previously (little over 30 days) said they qualify for a Streamlined PFS but the offer did not meet 84% guidelines, and now we DO have an offer that does meet the "min", but now M&T claims her score is too high (626) we have her credit pulled and her score is 601 with the same agency (pulled 3 days apart). HUD is well aware of all of the issues but simply refuse to help address it. Have any of you had any luck, and if so, how and who did you contact?
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Tough situation as you likely need to get the servicer to pull credit again. Probably would be easier to just have borrowers provide financials. Sounds like the delay isn't worth the streamlined aspect unless if the sellers won't move forward for otherwise.
310-564-6389
Brett,
Absolutely right. I am letting this one go (never had a short sale that I could not close). Bottom line is, the seller must participate or as Realtors, we are wasting our efforts. I do understand that after over 4 years, they are tired of providing info that does not facilitate, as the bank does what they wish.
So as SFR Realtors, we need to so something pro-active. How do we force the bank to follow the same guidelines that dictate the outcome of our efforts? The bank gets the financial bridge, but we get nothing for our time and effort. Totally wrong in many ways.
Thank you for taking the time to reply :O) I finally give up on this one :/
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