BOA Help!!! - Short Sale Superstars2024-03-28T14:35:16Zhttps://shortsalesuperstars.com/forum/topics/boa-help?feed=yes&xn_auth=noI had a case similar to this…tag:shortsalesuperstars.com,2013-01-07:3468065:Comment:2886952013-01-07T21:59:31.834ZReefa P.https://shortsalesuperstars.com/profile/ReefaPriolo
<p>I had a case similar to this recently, but the junior lien was from the HOA, not another mortgage. The seller was able to use their co-op funds to pay the HOA, but it had to be reflected on the HUD that the money was coming out of the HIN incentive. It was, however, no small task. It took about 9 HUD revisions before BofA finally came to a consensus on how they wanted it placed on the HUD. I would escalate to the Executive Office & see if a short sale rep in that department can help you…</p>
<p>I had a case similar to this recently, but the junior lien was from the HOA, not another mortgage. The seller was able to use their co-op funds to pay the HOA, but it had to be reflected on the HUD that the money was coming out of the HIN incentive. It was, however, no small task. It took about 9 HUD revisions before BofA finally came to a consensus on how they wanted it placed on the HUD. I would escalate to the Executive Office & see if a short sale rep in that department can help you out. We successfully closed that sale 2 weeks ago. </p> DM, As Ron has stated steppi…tag:shortsalesuperstars.com,2013-01-07:3468065:Comment:2882652013-01-07T17:51:43.813ZBrett Goldsmithhttps://shortsalesuperstars.com/profile/BrettGoldsmith
<p>DM,<br></br> <br></br> As Ron has stated stepping into the gray zone may be the only way to close this unless you are willing to get the 2nd to settle for 8,500. With the right escalations and communication it may be possible to get GMAC to come down to 8,500. Also, you should research to see if this was going through a traditional short sale if contributions to the 2nd would be allowed.<br></br> <br></br> Brett@ishortsalenow.com…<br></br></p>
<p>DM,<br/> <br/> As Ron has stated stepping into the gray zone may be the only way to close this unless you are willing to get the 2nd to settle for 8,500. With the right escalations and communication it may be possible to get GMAC to come down to 8,500. Also, you should research to see if this was going through a traditional short sale if contributions to the 2nd would be allowed.<br/> <br/> Brett@ishortsalenow.com<br/> <a rel="nofollow" href="http://www.ishortsalenow.com" target="_blank">www.ishortsalenow.com</a><br/> 310-564-6389</p>