Servicer setting closing date BEFORE approval? - Short Sale Superstars2024-03-28T21:12:14Zhttps://shortsalesuperstars.com/forum/topics/servicer-setting-closing-date-before-approval?commentId=3468065%3AComment%3A385072&feed=yes&xn_auth=noUPDATE: Just found out this i…tag:shortsalesuperstars.com,2017-03-08:3468065:Comment:3852552017-03-08T02:52:37.331ZJohnny Escobarhttps://shortsalesuperstars.com/profile/Johnny735
UPDATE: Just found out this is a bank-owned portfolio loan. Is that a good thing or a bad thing? What are the pros and cons?
UPDATE: Just found out this is a bank-owned portfolio loan. Is that a good thing or a bad thing? What are the pros and cons? Thank you. Your comment promp…tag:shortsalesuperstars.com,2017-02-22:3468065:Comment:3850722017-02-22T16:54:22.168ZJohnny Escobarhttps://shortsalesuperstars.com/profile/Johnny735
<p>Thank you. Your comment prompted me to do some additional digging, and I found that the seller was served a lis pendens in August 2016. I was able to find additional court records showing that the bank is trying to foreclose on them, with the next court date scheduled for 3/29/17. According to the court docket/records, they've pretty much had one court hearing per month since they were first served. I wonder if 04/24/17 is the date they need us to close the short sale by in order to avoid…</p>
<p>Thank you. Your comment prompted me to do some additional digging, and I found that the seller was served a lis pendens in August 2016. I was able to find additional court records showing that the bank is trying to foreclose on them, with the next court date scheduled for 3/29/17. According to the court docket/records, they've pretty much had one court hearing per month since they were first served. I wonder if 04/24/17 is the date they need us to close the short sale by in order to avoid foreclosure.<br/><br/>The demotivating part about all of this, is that the seller's agent failed to disclose any of this. They said the sellers stopped making payments in Sept 2016. The seller's agent has been awful about giving us updates or answering questions.</p>
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<p>To give you an idea, I'm still trying to find out who the investor is. Seller's agent keeps saying they don't know, and I can find it using one of various online tools, but they all require the last 4 of the borrower's SS#.</p> reason #1 the investor guide…tag:shortsalesuperstars.com,2017-02-21:3468065:Comment:3849142017-02-21T20:07:10.643ZTony Moraleshttps://shortsalesuperstars.com/profile/TonyMorales791
<p>reason #1 the investor guidelines give maximum days to close to avoid you requesting an extension</p>
<p>reason # 2. possibly the loan may be scheduled for service release to another servicer.</p>
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<p>reason #1 the investor guidelines give maximum days to close to avoid you requesting an extension</p>
<p>reason # 2. possibly the loan may be scheduled for service release to another servicer.</p>
<p></p> Thanks for the insight. Perh…tag:shortsalesuperstars.com,2017-02-21:3468065:Comment:3849822017-02-21T15:38:52.284ZJohnny Escobarhttps://shortsalesuperstars.com/profile/Johnny735
<p>Thanks for the insight. Perhaps I'm reading too much into it. I really wanted to interpret it as a sign that an approval is coming, but that just may be wishful thinking.</p>
<p>Thanks for the insight. Perhaps I'm reading too much into it. I really wanted to interpret it as a sign that an approval is coming, but that just may be wishful thinking.</p> Most banks like 30 days from…tag:shortsalesuperstars.com,2017-02-17:3468065:Comment:3843692017-02-17T00:07:25.472ZBrett Goldsmithhttps://shortsalesuperstars.com/profile/BrettGoldsmith
<p>Most banks like 30 days from approval as the verbiage. Not normal they gave you a specific date to put. I wouldn't personally be concerned about this though in my opinion. Every servicer and assigned processor is different, they are humans too!</p>
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<p>Brett@ishortsalenow.com</p>
<p>310-564-6389</p>
<p><a href="http://www.ishortsalenow.com" target="_blank">www.ishortsalenow.com</a></p>
<p>Most banks like 30 days from approval as the verbiage. Not normal they gave you a specific date to put. I wouldn't personally be concerned about this though in my opinion. Every servicer and assigned processor is different, they are humans too!</p>
<p></p>
<p>Brett@ishortsalenow.com</p>
<p>310-564-6389</p>
<p><a href="http://www.ishortsalenow.com" target="_blank">www.ishortsalenow.com</a></p>