Help! I am actually trying to buy a house and waiting for it to be short sale approved by Ocwen. My realtor has called to check in and they said they did receive the owner's paperwork and our offer(a week after we faxed it). They say they will not be able to review it for at least 20-30 days. Unfortunately, this is our second offer to Ocwen considering the first was not looked at because the owner did not have all the paperwork in. Since it has already been over a month, I don't really want to give them another 30 days to review the paperwork. Any suggestions on what I can do? Is it possible for me to call every few days to check the status? I feel like I am driving my realtor crazy because I would like him to stay on them--Especially after reading all of the horror stories with Ocwen short sales. Any advice to help speed up the process would be great! We have to be out of our house on Feb. 25 and I am desperate to hear something by this date!!
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Hi Ronie:
I totally agree with Michael. Short sales and specific time lines don't go together. Ocwen short sales can take 3-5 months to close after the offer is received. You can call them all you want, but they have stacks and stacks of short sale files that they basically process sequentially and all the begging and pleading in the world isn't going to move your file any faster than anyone else's.
Ronie,
I agree with both comments above and would plan on being in your rental til at least the end of May.
good morning Ronie! I have a couple files with Ocwen right now, one of them has been assigned to 5 different negotiators who have asked for a dozen revised HUD's. Please dont get your hopes up. That specific file started in July 2010, just got approval this week, with only 8 days to get the deal closed. Buyers are obtaining an FHA loan....HUM think we can pull this off in 8 days?! I think NOT!
Good luck to you and your file!
I have followed the advice on this page, I have contacted Ron Farris and Joanne Perez many times, they do seem to get things rolling....you might reach out to one of them?
AND maybe your file will go differently :) positive thoughts for you!
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