Johnny Escobar
  • Illinois
Share on Facebook
Share

Johnny Escobar's Discussions

Servicer setting closing date BEFORE approval?

Started this discussion. Last reply by Johnny Escobar Mar 7. 5 Replies

- SS package submitted in 1/13. - BPO completed w/o 1/24.Then 2/7 servicer supposedly asks seller and buyer to modify contract closing date from "60 days after bank approval" to "4/24/17".Anyone…Continue

 

Johnny Escobar's Page

Latest Activity

Johnny Escobar replied to Bridgette Villamor's discussion Tip for Short Sale
"Once again, thanks so much for all the great insight. I'm going to reach out and see."
Feb 22
Johnny Escobar replied to Bridgette Villamor's discussion Tip for Short Sale
"Wow, that's incredible.  I guess I still can't believe that a senator's office would get involved in a residential short sale.  Do you know what exactly they did, other than just saying "Hey, this is Senator Dean…"
Feb 22
Johnny Escobar replied to Johnny Escobar's discussion Servicer setting closing date BEFORE approval?
"Thank you. Your comment prompted me to do some additional digging, and I found that the seller was served a lis pendens in August 2016.  I was able to find additional court records showing that the bank is trying to foreclose on them, with the…"
Feb 22
Tony Morales replied to Johnny Escobar's discussion Servicer setting closing date BEFORE approval?
"reason #1  the investor guidelines give maximum days to close to avoid you requesting an extension reason # 2.  possibly the loan may be scheduled for service release to another servicer."
Feb 21
Johnny Escobar replied to Johnny Escobar's discussion Servicer setting closing date BEFORE approval?
"Thanks for the insight.  Perhaps I'm reading too much into it.   I really wanted to interpret it as a sign that an approval is coming, but that just may be wishful thinking."
Feb 21
Brett Goldsmith replied to Johnny Escobar's discussion Servicer setting closing date BEFORE approval?
"Most banks like 30 days from approval as the verbiage. Not normal they gave you a specific date to put. I wouldn't personally be concerned about this though in my opinion. Every servicer and assigned processor is different, they are humans…"
Feb 16
Johnny Escobar replied to Bridgette Villamor's discussion Tip for Short Sale
"This is so clever!  What did you tell them, though?  Hey, I'm trying to get this short sale moving. Can you call and persuade them to make it happen?"
Feb 16
Johnny Escobar liked Bridgette Villamor's discussion Tip for Short Sale
Feb 16
Johnny Escobar posted a discussion

Servicer setting closing date BEFORE approval?

- SS package submitted in 1/13. - BPO completed w/o 1/24.Then 2/7 servicer supposedly asks seller and buyer to modify contract closing date from "60 days after bank approval" to "4/24/17".Anyone every seen this happen?  Why would they want to set a closing date, when they haven't even given us an approval/denial/counter-offer?Thanks in advance for any insight.(EDIT: Servicer is BMO. Still trying to get a solid answer on who the investor is.)See More
Feb 16
Johnny Escobar is now a member of Short Sale Superstars
Feb 16

Profile Information

First Name
Johnny Escobar
Last Name
Escobar
Are you a...
Buyer
State
Illinois
City
Chicago

Comment Wall

You need to be a member of Short Sale Superstars to add comments!

Join Short Sale Superstars

  • No comments yet!
 
 
 

Members

Badge

Loading…

© 2017   Created by Brett Goldsmith.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************