Hello Superstars and I hope that you are all doing well. I ran into a pickle and was looking for some feed back. On this file the servicer is Morgan Stanley and they use a third party by the name Cartus to handle their short sales and the investor is Fannie Mae. They are telling me that if I dont get second lien approval in 72 hours that they will be closing my file per guidelines. They also said that they will call my client to offer a deed in lieu.  Is this true? Can they do this ? I ask the negotiator to help me and ask for an extension and that the second lien was in the works and she said she couldn't. Is there anything I can do or call? As for the second lien it is with Morgan Stanley too but I had to do a totally different packet for them and work with another negotiator. I'm use to the Servicer (if they hold both liens) to work the second liens and get the approvals for me but in this case they didn't. I have a cash offer on the table above their asking price. Please help !! What should I do ?

B Campos

Dallas,TX