Real Time Resolution Rejects Chase Banks short sale incentive.


Real Time Resolutions states Chase offering a short sale incentive is bad business.


Greed at Real Time Resolutions, Inc. is bad business.

I have a  HAFA short sale approval from CHASE  for my sellers through a special program from the VP at CHASE. This program offers the homeowner a $30,000 incentive to make a fresh start. Sounds to good to be true, but it is true. Here is the letter.

Real Time Resolutions the Jr lien holder has also been  offered an incentive of $6,000.00 to release their lien on this home. You would think that this is a sweat deal for all parties and they would look forward to closing this transaction and move on.

Well the Short Sale Analyst at Real Time Resolutions wants the sellers to give up their CHASE  incentive and pass it on to them. They will not approve this short sale with the Chase incentive going to the seller. I have pointed out to Real Time Resolutions that this is a HAFA approved short sale and they are being offered the maximum allowed to a Jr lien holder. Also in California the seller is not allowed to contribute any funds to the lender in a short sale ( SB458 ).

Real Time Resolutions countered with and email that they would be forced to close this file or they would now settle for half of the buyers incentive. I again had to point out that the seller can not offer them any funds, it the law. They responded that it is bad business to offer the seller an incentive yet I think it’s bad business to force a foreclosure. Their investor would net a minus $0  instead of the $6,000.00 incentive offered to Real Time Resolutions.

I was also told by the short sales analyst at Real Time Resolution that it did not matter to who I escalated this file to I would receive the same answer.

I think the greed at Real Time Resolutions is bad business, why would they want a home to go to foreclosure and not agree to the terms offered by the U.S. Treasury HAFA program.

It’s my plan to put the power of Google and social media to work for my clients and avoid a foreclosure. If you have a contact at RTR or any helpful info please comment to this post.

Temecula Short Sale Agent, Cyber Sid at your service,                                                                         Short Sale QR Code

by Sidney Kutchuk  AKA…Cyber Sid
      SHORT SALE AGENT    www.aShortSale.com
   CALL ME, 951.217-6745 cell


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Comment by Robert Singer on July 3, 2012 at 8:33am

I am having a similar problem with them on in my opinion worse. I have a HAFA approved short from BofA and they are also offering RTR the $6,000 max. The seller had a successful chapter 7 and are only getting $3,000 through HAFA. The buyer is paying $675,000 for a home appraised for $680,000 from there mortgage company and RTR is asking for $21,600. Why would anyone in the economy want to push this property to foreclose? I would like suggestion, contacts or anything that can help them see the light. 

Comment by Isela Robles on June 18, 2012 at 12:20pm

Hi, I am dealing with Real Time Solutions as a 2nd loan.  However, the 1st is only offering $3,000.  We need to close in the next few weeks.  Does anyone have any suggestions or contact phone numbers and names they can forward me. Thanks!

Comment by Sidney Kutchuk on April 11, 2012 at 4:50pm
Great,
I hope your good news infects more files!
Comment by Kevin - Greenville, SC on April 11, 2012 at 4:46pm

Sidney,  After push back and some escalation I received the Approval Letter today that was needed to close the transaction.  That kind of success.

Comment by Sidney Kutchuk on April 11, 2012 at 4:24pm
Sam
I will send you the contacts I have.

Kevin
Not sure the meaning "RTR Success"???
Comment by Kevin - Greenville, SC on April 11, 2012 at 3:39pm

RTR Success!!

Comment by Samuel Hilbert on April 10, 2012 at 11:02am

Hi Sidney, curious as to how you best have found contact information in RTR. I submitted a file on March 27 to them with all of the information from their online short sale package. I have tried several methods to get a hold of someone in the last few days with no luck. I did just receive my approval letter from Chase on the first through the HAFA program so very similar to yours...

I've left voicemails with lots of people...but still haven't spoken to a person within RTR. Any help would be appreciated! Thanks!

Comment by Sidney Kutchuk on April 9, 2012 at 10:55pm

Kevin,

Thanks for all the info.

I have been getting a lot of help here on this file.

I should hear from RTR this week.

Comment by Sidney Kutchuk on April 9, 2012 at 10:50pm

Nice house,how I see why they need to take my clients money.

Comment by Kevin - Greenville, SC on April 9, 2012 at 10:25pm

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