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Started by Jane Cooper. Last reply by ElizabethWeintraub00697006LyonRE May 5, 2014. 2 Replies 0 Likes
I have an approved short sale with Everhome set to close on 5/19. Original offer price was $179,900... Everhome countered with $200,000 but I knew it would not appraise for this.... Buyer came up to…Continue
Started by Mariana Molina. Last reply by ElizabethWeintraub00697006LyonRE Mar 13, 2014. 1 Reply 0 Likes
I have a listing in California previously with two other servicers in the past, once in the final stage of approval at 175K, buyer's walked since it took too long. I resubmitted in 9/13 for $185K…Continue
Started by Mark Gottlieb. Last reply by joe beauchamp Jan 13, 2014. 2 Replies 0 Likes
In September 2013, we made an offer on a house in our town Little Ferry, NJ. It was a short sale listed at 215K, we offered 205K in cash with proof of funds since there might be some work needed. We…Continue
Started by Veronica. Last reply by Judi Fiolle Aug 10, 2013. 11 Replies 0 Likes
I have a short sale listing where Everhome is the mortgage company.... 1 loan... and clients moved out of the state of california to wyoming due to job moves. long story short, 8 months later, my…Continue
Comment
Hello,
Would you happen to know who I can talk to to request for an extension? Our negotiator does not want to give us anymore extension and have explained what transpired and the humps we have to go through.
2 loans- 1st is Everhome Mortgage and 2nd is GMAC
Everhome took a long time to give us our approval where GMAC approved us and by the time we got the approval from the 1st, my 2nd GMAC expired and went to recovery department.
The 1st loan has been approved 5/27 and the loan should’ve closed 6/27/11.Sought an extension while our GMAC expired and have to resubmit file to recovery and just got approval June 21, 2011. We have a VA Buyer and can't do anything only after June 21, 2011. Requested for extension from 1st and gave us only till July 13, 2011.
Received buyer loan update today, gave me a DU and a letter requesting that we wont be able to close on July 13 and requesting a week extension.
Everhome denied the request and need to close by July 13, 2011. There is no way we can do that.
I know that we are being reasonable and need to speak with someone who will hear us. Appreciate all the help and input and contact to Everhomes. I have no control and its been difficult putting these 2 lenders together.
Hope you can help.
Respectfully,
Amy Martin
Realty Executives
(760) 807-6715
Got an approval from Everhomes 1st lien giving $6K to 2nd GMAC which is their demand, so perfect. But GMAC approval expired. Requested extension prior to expiration and they said investor instructed them to charge off after expiration and will not extend. So got charged off. Started working with the GMAC recovery department. Now want $9K. went back to Everhomes and told them what happened.Everhome now states that its no longer a lien The $6,000 was granted for the lien release and not the deficiency wavier. This means the 2nd lien will not receive any funds.Is this true and what do I do?
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