I am currently working on a short sale with Wells Fargo. Homeowner had a second loan that Ocwen eventually started handling. My client has filed for chapter 7 and was discharged. I tried to get a lien release from Ocwen but they won't even discuss this. They want a portion of that sale and primary bank is not getting that much to begin with. Is this normal practice? Any way around it?
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You will need to process the short sale with Wells Fargo and Ocwen. If a motion to extinguish a mortgage lien through a BK is not requested and granted then the mortgage lien still will need to be settled even if it was included in the BK to complete a short sale.
If you have any questions or would like assistance please do not hesitate to reach out to me as my door is always open.
310-564-6389
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