Currently submitted a short sale package to ING (1st) & the 2nd is with DTA Solutions. Before ING continues with the SS process, they requests to receive DTAs acceptable amount first but DTA on the other hand requests to have INGs approval before short sale process on their side. Any advice or views on this please. Thanks.
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Hey Gang - Do any of you have ACI's telephone contact information? Thanks
I have this same scenario with ING - 1st lien and Chase/LCS Collections as 2nd lien - Chase/LCS tells me they will not approve an amount until 1st is approved. ING tells me they will not approve nor delay sale until Chase/LCS (collection co) has approved. ING is also asking that I use there escrow and title company.
I have never had this happen and am thinking they cannot dictate which escrow/title service we use - isn't this a RESPA violation ? I have a sale date of 5/22 I am trying to stop - I have had a offer into ING since April 5th with complete package.
Any suggestions ? I plan to involve an attorney if I have to.
Elaine Cooper
Hi Elaine, how's your short sale going? Were you able to postpone foreclosure date and were you able to manage to start or get approval from ING?
In my case I followed Brian Avery's suggestion for a start of the process with 2nd lien-collection agency and now I was able to receive approval from ING. Yes, they use their own title and escrow companies. My 2nd lien (3rd party) changed or transferred to ACI.
Jeannette