Forum

Does anyone have experience negotiating with Ascension Capital Group?

Posted by Gabriel Reyes on May 17, 2011 at 4:05am in Short Sale Discussions

I received an approval on the first loan with Wells Fargo. The second lender is Chase.  They assigned the file to Ascension Capital Group.  Wells Fargo is giving Chase $15,000.  Ascenion wants $50,000. The gap seems too wide to close .

 

Thanks for your help.

You need to be a member of Short Sale Superstars to add comments!

Join Short Sale Superstars

Email me when people reply –
Follow

Replies

  • Teresa Simon June 8, 2011 at 3:47am

    @ Gabriel - You would think I could get a straight HAFA answer from someone.

     

    Sent the HAFA paperwork, not only all of the required documents but also Forms lenders use - to the first AHMSI.  They won't call back/ e-mail/ fax HAFA forms back for second. They said twice in writng, once to my attorney and once to Senator Murray's office - it is HAFA.  Can't find loan on Fannie Mae, Freddie Mac or HUD-  second won't settle without incentive for HAFA.

     

    Paola, I have read on this site to have the buyer make a contribution prior to closing by sending a settlement check to the second on behalf of the buyer.  I would recommend if this is to occur to have the buyer put a legal comment on the *****BACK******  of the check regarding the refunding of the check if the negotiators fail to close the transaction. If the second signs the back of the check then they are agreeing to a contract to return the money in the event the transaction doesn't culminate.

     

     

     

    Teresa

  • Janet Kleen June 7, 2011 at 1:53pm
    This is my first file with Ascension Capital Group. They are asking for $12K on a $80 heloc... the seller has included them in a BK and Chase is the investor on the loan.  I have been working this  for 9 weeks, and have gotten Litton, the first to offer $8000, or 10% of the UPB. ACG refuses to accept the $8000, and holding firm at $12K.  They want $4000 more off the HUD.  I escalated to Debbie Mosby and she stands by  her negotiator. My concern is if the agents and the buyer's offer to contribute the $4000, the first may want it?  Could really use some good advice?

    Gabriel Reyes said:
    Thanks for sharing.  Ascension will try to get part of agents commission and contribution from buyer to close the gap.  My negotiation is still ongoing.  Hope to complete this coming week.  Best of Luck. 

    Paola Martinsen said:
    @Gabriel Reyes I have my first file with Ascension Capital Group. They are asking for 40k on a 120k second or heloc...the seller has included that in a BK and Chase is the investor on the loan. Just started the negotiations....but based on what Im seing, the only way to get it done is to escalate? The first is a FNME loan serviced by BAC and they will only do a max of 6% of the UPB with a 6k max  and they have advised me no cont. from any party will be allowed...
  • Vikki Lucas May 23, 2011 at 1:45am
    Thank you all for your responses. So helpful! Vikki
  • Gabriel Reyes May 21, 2011 at 2:20pm
    Thanks for sharing.  Ascension will try to get part of agents commission and contribution from buyer to close the gap.  My negotiation is still ongoing.  Hope to complete this coming week.  Best of Luck. 

    Paola Martinsen said:
    @Gabriel Reyes I have my first file with Ascension Capital Group. They are asking for 40k on a 120k second or heloc...the seller has included that in a BK and Chase is the investor on the loan. Just started the negotiations....but based on what Im seing, the only way to get it done is to escalate? The first is a FNME loan serviced by BAC and they will only do a max of 6% of the UPB with a 6k max  and they have advised me no cont. from any party will be allowed...
  • Gabriel Reyes May 21, 2011 at 2:11pm

    Vikky,

    Call 1-888-455-6662.  This is the number I use and always get through.

    Vikki Lucas said:

    Can either of you provide a direct number for the liquidation or short sale department for Ascension Capital Group?
  • Paola Martinsen May 20, 2011 at 5:45pm
    Ascension Capital Group 888-455-6662 or SS Dpt  888-455-6662 ext 46238 Fax for auth 817-461-8070

    Vikki Lucas said:
    Can either of you provide a direct number for the liquidation or short sale department for Ascension Capital Group?
  • Previous SunTrust Negotiatior May 20, 2011 at 5:43pm

    HAFA is only for Freddie and Fannie loans. They must be denied a loan mod or were approved and defaulted on the agreement.

     

  • Paola Martinsen May 20, 2011 at 5:39pm
    @Gabriel Reyes I have my first file with Ascension Capital Group. They are asking for 40k on a 120k second or heloc...the seller has included that in a BK and Chase is the investor on the loan. Just started the negotiations....but based on what Im seing, the only way to get it done is to escalate? The first is a FNME loan serviced by BAC and they will only do a max of 6% of the UPB with a 6k max  and they have advised me no cont. from any party will be allowed...
  • Paola Martinsen May 20, 2011 at 5:37pm
    @Teresa, if the file is owned by Chase and Chase is HAFA participating lender they should be ok with HAFA....right? Now what if its not a HAFA short sale?
  • Teresa Simon May 20, 2011 at 11:50am


    Vikki Lucas said:
    Can either of you provide a direct number for the liquidation or short sale department for Ascension Capital Group?I am dealing with a bankruptcy and a second.  Does yours need to go into the bankruptcy area?
    Try this person.  Debbie Moebus dmoebus@acgbk.com.  She seems well informed and organized.  Don't use my name as I am still struggling with the file and it may not help you.  I have been rerouted back to her a few times.  She seems to be in the know and has actually gave me a couple pointers.
    Good luck. 
    Teresa
This reply was deleted.
********************************** like buttons ************************