Do you know if Ocwen offers relocation assistance on second lien short sale only?

I am dealing with a short sale only on the second lien holder. The first will get pay in full, but there is not enough money to pay both. However, the seller was hoping to get relocation assistance.

Please share your experience with Ocwen if you have obtained relocation when doing the short sale only on the second loan. Thanks

Views: 203


Reply to This

Replies to This Discussion

I've gotten this with Citi..10k...there are no standard rules on seconds only. You just may not know til approval. I always throw it on my CD just to try. 

I think your safest bet here is to tell your client to expect nothing, but that you will try. You just can't guarantee anything.

Relocation programs are 1st MTG programs. If a 2nd lien allows relocation then they allow it. No way to know unless you ask.


[email protected]

I would say that it's more of a rarity that a second mortgage lender like ocwen mortgage to give ocwen customers (ocwencustomers com) on an Ocwen Loan. It's possible that certain lenders like Select Portfolio Servicing are a little more flexible but it's not really up to Select Portfolio as much as it's up to it's investors. Chase Mortgage and PNC Mortgage are also questionable.

Best of luck and let us know how it goes.



© 2021   Created by Brett Goldsmith.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************