All Posts (2)

Sort by

Anyone see this? Suggestions?

Check to see if the short sale has been set-up for the new buyer. She said they received documents however the investor is putting in a restriction on the file for a short sale and the available options are Deed-in Lieu , SPS modification and Repayment Plan. She said there is nothing that SPS can do to lift the restriction. And so I asked for the name of the investor on the file and she said she will send in a request for the investors name to be sent through fax. I should receive it in 3 business days. I also requested for an updated payoff quote which is good until Sept.10 and I will received it in 1-5 business days through fax. There is no foreclosure sale at this time.

(Brenda's update on Aug. 25)
Spoke with Tiffany Bosnik with SPS. She researched the notes and the investor's decision is the following:
Determined that the Short Sale is not Feasible
Borrower/Seller can either take a DIL or a Short Pay (one time lump sum short of what is owed paid in certified funds)

Read more…

After dragging my short sale request out for almost ten months on a 3 family house, and after telling me they were going to order an appraisal they rejected my short sale request.  The reason they gave me "Occupancy or Rented more than 18 months PFS/DIL requirement not met".  Its a BS reason. 

I am fighting it through the executive escalation team.  Unfortunately because of my job I cannot miss payments on the mortgage to pressure the bank.  This property is ruining me financially and mentally.  I would love to hear ideas on any other options I might have to get Wells to reverse their decision.  Does anybody have some contacts at Wells that have some decision making ability?


Read more…

Blog Topics by Tags

Monthly Archives

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