Blog

Loan Modification with Suntrust Bank

Posted by Ismael Jusino on March 6, 2013 at 2:31am

I'm in the process of doing a loan modification with suntrust bank since July 2012. I received a call from the bank saying that there was a lien on the property from a credit card company. They cannot move forward with the loan modification because of this lien. The home is presently in the foreclosure process. The family was served with the foreclosure in October/2012.
Q-Should the seller take care of this lien so the bank can continue with the loan modification or should the lien stay and thus prevent the bank from foreclosing on the property sooner? Should the seller file for bankruptcy and get rid of the credit cards debt?

E-mail me when people leave their comments –
Follow

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

Join Short Sale Superstars

Comments

  • Ismael Jusino April 11, 2013 at 3:00pm
    I have a property that is in the foreclosure process in Florida. Sellers served with docs in Oct.2012. Waiting for mediation. Received email from realtor today requesting to gain access to property for interior BPO. Property is not on short sale yet. Has anyone been getting these requests? A mediation appt has not been set. Want to know if this is legit or not.

    Thanks
    Ismael Jusino
  • Bryant Tutas March 6, 2013 at 2:36am

    The seller should speak with an attorney.

This reply was deleted.

Latest Blog Posts

Most Popular Blog Posts

Blog Topics by Tags

Monthly Archives

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