Comment

Comment by Tara Samney on January 4, 2012 at 7:36am

Kathleen - Don't get me started on Aurora. Last month I about gave up on an offer that had been in for over 3 months 3 months when out of the blue a rep called me with a counter.  They wouldn't give anything in writing.  I could not get anyone to speak to after that by calling their number it kept giving me the automated message of when my workout package was sent.  Finally, I looked at the call that came in and used the negotiator's direct line (which he did not give).  They also would not contact me, only homeowner, even though they acknowledged they had authorization.  They are horrible, second perhaps only to Green Tree. It took them almost 3 months to do the BPO. They countered reasonably, buyer just wouldn't come up any.  They want to do everything verbally.  They only would send correspondence the home owner by mail, after the fact.  I actually had to have the rep print a response off his screen and send it to me as a secure message for the buyer.  Yes, it can be done but be prepared to wait.  Also, contact homeowner or have owner call in.  None of them would tell me anything specific but when he would call they would talk to him.  They lost faxes constantly.  Send them over and over.

 

Teresa- Thanks for post - I'm encontering a similar situation on another deal.  Good luck!

Comment by Teresa Simon on December 28, 2011 at 1:09pm

With your help we are moving along.  The only issue I can see at this point is that the 2nd wants better clairification that the 1st intends to give them their money. 

The negotiator is out for the holidays.  Another negotiator will look at the file tomorrow.

Thanks,

Teresa

 

Comment by kathleen shaffer on December 28, 2011 at 10:05am

really? what first lienholders will allow any additional monies to to the second?

I have never experienced that one. If there is money to be had...the first wants it.

Aurora is my current SS and they are not responding to phone calls, emails or escalation. I am hoping it is only holiday mode, but does anyone have success with aurora accepting an offer??????

Comment by Teresa Simon on December 17, 2011 at 6:35pm

I actually am not sure.  I will have to look.  My phone discussion was that I would be sending a HUD-1.  Then we got jammed on how that would look to get it through.  Monday doesn't seem so far away now.

Thank you for your help Brian, Kevin and Wendy!  Merry Christmas!

Comment by Kevin - Greenville, SC on December 17, 2011 at 5:43pm

Buyer Payment to CU should go on Line 109 on the Buyer side and line 409 on the Seller side.  Is Aurora aware of the 5K coming from the Buyer going to a subordinate lien holder and was the approval issued with that verbiage?  The $570 should go on whatever lines that  money needs to be designated for (taxes, deed stamps, etc.) and will need to be paid by someone in the transaction.  Also, is Aurora requiring a Final HUD-1 be sent over prior to closing or just that the receive their min net proceeds after?

Comment by Wendy Rulnick on December 17, 2011 at 1:54pm

Teresa - Most senior liens don't mind a buyer paying a junior lien on the HUD.