I am working a short sale with ocwen for a while we had previously agreed at a sales price for 142,000 based on a BPO of 169,000 ....BPO expired and a second one was ordered which came at 140,000 normally they will reduce the price to the BPO value, this time they want 150,000 has anyone encounter this? and if so how did you resolve the discrepancy? Can they actually do this the second time around??
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Yes OCWEN does what they want. Is this a Fannie Mae investor loan? If it is report this to Fannie Mae.
What is their reasoning? Their is either more to the story or they could be handling the file improperly. Sounds like you need to escalate to someone who can get you more clarification on what is really going on or to have the offer submitted for a decision.
Brett@ishortsalenow.com
310-564-6389
www.ishortsalenow.com