Information

Fifth Third Bank

Members: 127
Latest Activity: Apr 12, 2018

Fifth Third Bank Short Sale Information

 

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Contact Info:

53.com

PH: 866-601-6391 or 800-375-1745
FX: 513-358-8697

Missing documents FX# 513-358-3595

FX LOA to: 513-358-1729

Fifth Third Bank
Attn: Homeowner’s Assistance Dept.
5001 Kingsley Dr
Mail Drop: 1 MOB19
Cincinnati, OH 45227

 

We make every effort we possibly can to try to prevent a foreclosure," says Fred Troncone, the bank's chief collections officer.
 

Fifth Third Social Media Contact Information

Currently, Fifth Third uses dedicated customer service representatives to correspond with our customers including:

Jamesat53 James, Fifth Third Bank
Ryanat53 OR Ryan, Fifth Third Bank
Michaelat53 Michael, Fifth Third Bank

"Homeowners can apply or download an application on 5/3's website here: https://www.53.com/borrower-options/hardship-options.html"

Fifth Third Application.pdf


ARMS LENGTH TRANSACTION AFFIDAVIT _2_.pdf

Discussion Forum

Need escalation contact Fifth Third

Started by Deb Orth Sep 18, 2017. 0 Replies

30 Day Approval Need Extension

Started by Sharon Alters, CDPE, GRI Sep 27, 2013. 0 Replies

Comment Wall

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Comment by Kynse L. Agles CDPE on April 27, 2010 at 2:58pm
Sherry, I have closed two with Chase. Congrats on your Fifth Third! Mine closed today at 5:00PM, Im exhausted!
Comment by sherry on April 27, 2010 at 2:54pm
Kynse - Have you done much with Chase. Closing my Fifth Third Tomorrow. Chase is my next hurdle :)
Comment by Kynse L. Agles CDPE on April 27, 2010 at 2:47pm
CLOSED! One of my Fifth Third short sales closed today for $525K. 144 days from listing. Loss to Fifth Third $128,469.00. My next Fifth Third short sale will be starting negotiations this week.
Comment by sherry on April 23, 2010 at 2:11pm
That is a Hard one. Mine should be closing this week. Final outcome was seller to come to closing with $6000 plus a promissory note for $15,000.00 Seller did not want to worry about the deficiency loss to Fifth of $90,000.000. Originally Fifth Third wanted a note for $30K. Good Luck on that 2nd loan. After this one, I have 2 left with SunTrust..... Good Luck
Comment by Kynse L. Agles CDPE on April 23, 2010 at 1:54pm
My Fifth Third short sale will be closing on Tuesday. This one was a ton of work! Thank goodness I had a wonderful negotiator to help through this process. Sale price $525K, Fifth Third is paying the HOA lien (almost $5K) and a total of approx $47,393 in closing costs. I was sadly informed the commission was cut to 4.5% and unless the buyer or seller pay a higher commission rate they will not pay more., I was hoping for 5%. I would not mind if I had both sides but there are 2 firms in this transaction. The seller has to bring $5K cash to closing plus the back owed taxes in the amount of $8,935.. I learned today that Fifth Third will not pay back owed taxes FYI. So long story short after 5 long months of tough negotiations I think I met my match, the good news is it will be closing on Tuesday. Fifth third is going to reserve the right to pursue a deficiency judgement, but no promissory not at closing. Total loss to Fifth Third $128,469.00.

My other Fifth Third short sale got transferred to the same negotiator today. I look forward to working with him this time around, now that I know what to expect. They originally wanted a $150K promissory note payable over 20 years at 0% interest. So this is a fair deal for the sellers to accept.
Comment by sherry on April 8, 2010 at 2:49am
HELP: This is what I received from Fifth Third: My seller has NO MONEY.... There is a foreclosure sale date set for 5/11. What is a good counter. I was thinking of going back and saying he will do the $7500 HOA plus a promissory note for $3K but not sure if they will agree. My commission will be gone too...

I am working on your file now and need to know…

What is the cash value of your life ins policy?

What is the estimated value of your primary residence?

I’ve estimated the total loss to the bank to be $90,559.82. I would expect management to require you to pay the delinquent HOA fees (cash contribution at closing) and sign a promissory note in the amount of $30,000. Interest free, for a term of 10 yrs. Payment monthly $250. Recovery will not attempt to recover the difference of $60,559. If you default on the note (signed at closing) recovery will then attempt to recover the unpaid balance of the note amount $30,000.

Let me know if you will agree to the said note amount or advise what amount you will agree to? If you won’t agree to sign a promissory note at closing and understand Fifth Third may attempt to recover the total deficiency in the future, I will present your file to management with you paying the HOA fees at closing and the bank preserving collection rights. Management will then approve or counter these terms.

Upon receipt of your response, I will finish my workout and submit your file to management requesting final approval of the sale
Comment by sherry on March 30, 2010 at 2:58pm
Sounds like a great deal Alton. Can you email me email address or phone numbers you have for Fifth Third [email protected]. Thanks
Comment by Alton R. Tyndall, Jr on March 30, 2010 at 2:53pm
Got approval for my shortsale today finally..BPO 145000, payoff 132000, offer, 125000, bank nets right at 117000 but was holding out for 5k...they met with freddie mac rep and finally approved it..
Comment by Alton R. Tyndall, Jr on March 30, 2010 at 2:51pm
I sent you some info Lisa..let me know if I can help u further..
Comment by Lisa Artigas on March 29, 2010 at 5:46pm
alton, that would be great! Can you send them to my email [email protected]?
thanks so much!!!!!!!!!!! Has anyone been able to help you?
 

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