Wondering if anyone has any contact information to gain status on a short sale which was just transferred from another lender
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Wondering if anyone has any contact information to gain status on a short sale which was just transferred from another lender
You need to be a member of Short Sale Superstars to add comments!
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The new servicer and the new loan number is usually mailed to the owners, isn't this how you found out about the transfer? Unfortunately in my experience, the status, is that you not only go back two square one (the new lender starts the process over) you now have a few more obsticales. I've seen it take a month before the new servicer could actually do anything, because they were waiting for the files to come over. Also, frequently when the new investor bought the pool they buy a blanket MI policy to cover the pool, so you are now dealing with an MI company.
Expect this one is going to get very rocky.
It SHOULD also be at the registry of deeds, however, I have found it's not always there. If this happens, I have the seller call the new servicer with their social and get the new loan number and then we send in a LOA.