short sale super stars need help with Chase ss in active BK-

I called Chase BK dept and was told all I needed was a permission to speak letter from client's attorney so I can move forward with short sale approval, once I have approval from ss bank I can sent to trustee for approval.  Is this the correct process?  Every time I call, I get different information...I would greatly appreciate input , thanks in advance  Adda R 

Views: 168

▶ Reply to This

Replies to This Discussion

Permalink Reply by Jeff Payne on July 24, 2013 at 10:08am

Permission to speak from the clients attorney?   Most likely you need an authorization to release information signed by the borrower.  Once you get approval, yes you will need to get trustee approval and that is usually very easy as the trustee is more than happy to approve it. 

Why would you not be working with the Chase short sale department?

Permalink Reply by Short Sale Superstars LLC on July 24, 2013 at 10:09am

Adda,

        They are requesting a letter from the BK attorney allowing you to speak on behalf of this file. Depending on the status of the BK they may require additional paperwork to move forward with the short sale. Some servicers do not proceed forward while there is an active BK on file.

[email protected]

310-564-6389

www.ishortsalenow.com

Permalink Reply by Adda Pina Renner on July 24, 2013 at 12:33pm

thanks guys for taking time out of your day to help me out, 

awesome bunch of guys!!! 

Permalink Reply by Wendy Mendez on July 28, 2013 at 4:16am
Hello Adda, I'm a Speciality Real Estate Paralegal within the Bankruptcy and Foreclose arena who assists several agents with these types of situations. Either in a Ch 7 or Ch 13 bk, the Debtor and Debtor's atty will need to prepare a Motion to Authorize Short Sale Regarding the Subject Property. The motion needs to include pretty much the shortsale package minus any personal identification numbers. There will be a hearing if nobody objects the order is entered. Chase or any bank will proceed w/short sale. Also a letter authorizing Debtor's agent to talk to Chase will not work. Its not sufficient approval. Additionally, if Debtor does not have an atty, the motion still needs to be prepared.. I can assist either the attorney, a borrower w/no attorney or agents who need the help. Also, I work close with Ocwen who is a big servicer for probably many properties you may come across. If you need additional info, call me Wendy (Temecula, CA) 951-358-9942. Hope this helps.

RSS

Members

© 2024   Created by Short Sale Superstars LLC.   Powered by

Badges  |  Report an Issue  |  Terms of Service

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