If it is a 2nd mortgage be prepared to have the seller bring money to the table. They want the same % payoff that the first is getting. THERE IS NO WAY AROUND IT. Maybe they will accept 65% of balance if the first is getting 75% of balance but even that is a long drawn out struggle. Even on a GSE loan. You may have to have the seller to a principle buydown in order to get an approval letter.
They don't have a SS Package or at least last year they didn't. You will need a 1st mortgage payoff statement so they can do their calculations.
I know a bunch of loans that ocwen was servicing for them were just moved back to 21st Cent direct. The negotiator I had on the last one said we were very lucky to get our last one through.
Good luck
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