Hi Gang, in the last 2 weeks I have submitted 5 new short sales, with lenders including BOA and Chase, and since then ALL have just received a NOS on their door. They ranged from 6 months delinquent to 2 years. Does anyone know if opening a short sale is a trigger for the investor to review the borrower's account and file a NOS? There must be, this just seems to ironic to be a coincedence. I wonder if I didnt open the short sale would the account file keep collecting dust with no reminder for the servicer or investor to check account status?

 

 

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Scott, I've never noticed any correlation with any of mine.
I have not had this happen but I will not put anything past the banks. Especially if they are doing something like this. We have them calling our sellers after we have offers on their short sales with deed in lieu offers! They don't even explain that the deed in lieu is going to be reported as a field 89 on their credit report.

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