I have approvals from both lenders. We are set to schedule on Friday, May 13, pending approval of the short sale HUDs for (ASC) & (AHMSI). The property went into tax sale on yesterday, despite our efforts to close prior to the tax sale. And I've attempted to have the lender pay the taxes to prevent the tax sale, which they tried to do, but were unable to get a true pay off,(so they say).
Now were asking the lender (ASC) to approve a $2500 escrow to allow the closing - deducted from thier payoff. We don't have an accurate tax payoff because of the sale. The lien holder won't release who the investor is to me, Realtor or to the homeowner. What else can I do? The negotiator is saying since this was a non-escrowed loan the homeowner is responsible for the fee's and taxes. Problem is the homeowners don't have any more money, to cover anything else. The buyers agent, title company, lender and I have already put up money to pay for a lender required repairs. I'm not sure what else to do. Any suggestions would be helpful...
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Are these HAFA lenders? Call HUD's short sale department and ask for help Personally, my experience with AHMSI is to get an answer file a complaint with HUD and they'll respond. Otherwise it is one big jack session just trying to get paperwork.