Ocwen holding up closing...
We found a property on hubzu.com and our bid was accepted last mont. We've followed all the rules and done everything they've asked. We were scheduled to close on the property last week but there are still issues with the title. My closing attorney is telling me that some documents were signed by Ocwen and other documents were signed by MERS as part of the foreclosure process. The title underwriter requires proof that the signers for Ocwen and MERS are authorized signers. So basically they just need a corporate resolution or similar document but until these documents are produced we can't close!! Has this happened to anyone else? Does anyone know of a contact at Altisource/Hubzu/Ocwen/REAL Home Services & Solutions that can get the ball rolling? Thank you in advance!
Replies to This Discussion
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Permalink Reply by Wendy Smith on
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This isn't the first time hearing a situation like this.....probably won't be the last. I recently had a situation where the property was on Hubzu.com and of course in the MLS. The list price was $109,000. My client agreed to pay $109k cash plus buyers premium, entered the bid on Hubzu.com but still didn't get the property. He wasn't out bid. The property remains on Hubzu.com. I called the MLS questioning that I had a ready, willing and able buyer for the property at list price but the seller wouldn't sell. I was told, 'Yes, that's been a problem. We have our legal team working on that'. Seems like there are no rules anymore.
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Permalink Reply by Keith Hubzu on
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Brandy,
I would be happy to investigate this on your behalf and answer any/all questions you may have. Please send me your contact information to [email protected]. I look forward to your response!
- Keith, Hubzu Customer Care
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Permalink Reply by brandy wyatt on
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Sounds too good to be true but I will email you now.
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