I knew this was going to be a challenge, but....
Seller are doctors that became very overextended and are walking from their home. There's a first with Chase and and a second heloc with Chase. The first demanded a higher price, we countered and had a full appraisal completed.
We just heard that the INVESTOR denied the short sale....
Question: Does anyone have a good process for determining who the investor is? We have been fortunate in either having the Servicer divulge the information or we have found the information on loan documents and/or correspondence. No such luck this time.
Thanks!
tjs
Tags:
Send in a qualified written request. They have 60 days to respond, but I do that at the onset of the file. Sometimes you can get the homeowner to call and speak to someone and they can find out themselves if you can't find the info on MERS, or through the registry of deeds.
Emailed you Ben, Thanks!
Ben, you send that certified? Do you actually get some usable results from the QWR?
My partner's and I completely circumvent loss mitigation at Chase by purchasing their notes in bulk. Here's how we do it: http://www.shortershortsale.com
Earn a commission if you have a buyer plus 5% of the note purchase price as revenue sharing. Earn the revenue sharing even if you don't have a buyer. We have wholesale buyers in case you don't have a retail buyer. So, you still get revenue sharing if your buyer walks or you never had a buyer.
Which ones do you purchase Mark? I have a fannie backed chase loan going no wher fast. PM me.
It seems I can't PM unless you accept 'friend' request
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