Rick Houser
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Rick Houser's Discussions

Lender wont cooperate

Started this discussion. Last reply by Wayne Brooks Feb 26, 2014. 6 Replies

Has anyone had a lender ever tell them... "we are not required to speak with you even if we have a third party authorizaton"??  Basically the lender wont cooperate with the short sale and is willing…Continue

Wells Fargo Rescinding on an Approval Letter

Started this discussion. Last reply by Wayne Brooks Nov 19, 2013. 12 Replies

So I get an approval letter from Wells Fargo in buyer A's name.  Buyer A got impatient and walked.  I now have an approval letter so I market the property as lender approved.  Buyer B comes in and…Continue

 

Rick Houser's Page

Latest Activity

Rick Houser commented on Rick Houser's blog post Shellpoint
"The foreclosure began a while a go.  Im told its on the list for next month but hasnt showed up yet.  I took care of any hurdles with liens.  Borrower is extremely cooperative.  Offer is 545K, which is Shellpoint's appraised…"
Feb 10
Brett Goldsmith commented on Rick Houser's blog post Shellpoint
"Is there an active sale date or are they only beginning the foreclosure process? Interesting that it's taken 2 years. Any major hurdles with liens, borrower non cooperation, no offer, or anything else that may of caused a severe…"
Feb 9
Rick Houser posted a blog post

Shellpoint

Been working a short sale with Shellpoint as the first for over 2 years.  Wells Fargo as the second.  1mil a piece owed on both.  Wells, 2nd removes their lien and will issue 1099.  Shellpoint has been playing games with the file and now on the 4th processor.  Give them everything they requested, for the 12 time, and now tell me their foreclosing.  Any suggestions??See More
Feb 9
Rick Houser replied to Brett Goldsmith's discussion GET PUBLISHED BY Short Sale Super STARS
"Prepare to unwind.  Order a full title report prior to actively listing or negotiating with anyone.  This will show anything that you may have to address during any negotiations with anyone involved in the transaction.  Always know…"
Feb 4
Wayne Brooks replied to Rick Houser's discussion Lender wont cooperate
"Well, there you go.  The owner just shot themselves in the foot, likely ended their chances of a short sale, and may have upped the motivation for the investor to seek a deficiency judgment/sell it off to someone else who will, if deficiencies…"
Feb 26, 2014
Jeff Payne replied to Rick Houser's discussion Lender wont cooperate
"Who is the investor? What type of loan is this?"
Feb 26, 2014
Rick Houser replied to Rick Houser's discussion Lender wont cooperate
"PFFCU.  I have reached out to the highest of the high.  The issue is that the seller bought another house and moved on with their life.  Guess the lender got a little ticked off.  "
Feb 26, 2014
Rick Houser replied to Rick Houser's discussion Lender wont cooperate
"Core objection is that the lender is upset.  The buyer bought another house and has moved on with their life.  The seller let them know that, then they denied the file.  All was good up til that point.  Oh well."
Feb 26, 2014
Brett Goldsmith replied to Rick Houser's discussion Lender wont cooperate
"Who is the mortgage servicer? There must be an underlying reason why they would not be working with you especially if the buyer met the counter. If that is the case, i'd be reaching out to managers or upper level contacts to dig into the…"
Feb 25, 2014
Justin Berry replied to Rick Houser's discussion Lender wont cooperate
"I might have the seller call in or do a confrence call with the seller and lender. Find out what the core objections are here.  "
Feb 25, 2014
Rick Houser posted a discussion

Lender wont cooperate

Has anyone had a lender ever tell them... "we are not required to speak with you even if we have a third party authorizaton"??  Basically the lender wont cooperate with the short sale and is willing to take this through the foreclosure process.  They just wont communicate with me even after the buyer has accepted their counter. See More
Feb 25, 2014
Rick Houser posted a status
"Has anyone ever come across a lender telling them "they are not required to speak to a third party". Even with an authorization??"
Feb 25, 2014
Wayne Brooks replied to Rick Houser's discussion Wells Fargo Rescinding on an Approval Letter
"Congratulations, common sense actually sneaks through every once on a while!"
Nov 19, 2013
Rick Houser replied to Rick Houser's discussion Wells Fargo Rescinding on an Approval Letter
"Well after all that the bank makes good on their original approval letter.  Thank you all for your comments.  Bank ordered their own appraisal which showed exactly what I was telling them.  They then reissued the approval letter.…"
Nov 19, 2013
Bryant Tutas liked Rick Houser's discussion Wells Fargo Rescinding on an Approval Letter
Nov 1, 2013
Jeff Payne replied to Rick Houser's discussion Wells Fargo Rescinding on an Approval Letter
"Rick I dont think you will get anyone to disagree with you that it makes ZERO sense they way they wont assign a new buyer but that is their process.  That is the ONE thing I would change about short sales if I could change just one thing.…"
Oct 30, 2013

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First Name
Rick
Last Name
Houser
Are you a...
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State
Pennsylvania
City
Richboro

Rick Houser's Blog

Shellpoint

Posted on February 9, 2017 at 12:21pm 2 Comments

Been working a short sale with Shellpoint as the first for over 2 years.  Wells Fargo as the second.  1mil a piece owed on both.  Wells, 2nd removes their lien and will issue 1099.  Shellpoint has been playing games with the file and now on the 4th processor.  Give them everything they requested, for the 12 time, and now tell me their foreclosing.  Any suggestions??

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