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Wilshire loan taken over by BAC: getting approval letter extension

Posted by Jorge Newbery on March 31, 2010 at 2:47am
We have a Wilshire short sale approval letter which expired last Friday, and Wilshire is now out of business and the servicing was taken over by BAC. Although the buyer and seller signed all closing documents and the buyer wired closing funds to title last week, we were unable to close because we did not receive the approval letter on the Franklin Credit 2nd mortgage. Now, Franklin says that we will get their letter today. We contacted BAC Friday and they asked us to email the Wilshire approval letter and an explanation to a supervisor in order to obtain an extension. However, no response from the supervisor yet, and the frontline operators simply state that we should wait for someone to contact us.Has anyone been able to get an extension or revised letter on a Wilshire loan through BAC yet?
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Comments

  • Jorge Newbery April 7, 2010 at 4:42am
    janet.keever@wcc.ml.com email was rejected: do you have another email address, or suggest anyone else at Wilshire who could assist? Thanks!
  • Kynse L. Agles CDPE March 31, 2010 at 3:27pm
    I have gotten extensions from Wilshire, email janet.keever@wcc.ml.com try that first.
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