Replies to This Discussion

Permalink Reply by Ben Benita on January 28, 2012 at 8:34am

CITI is my #1 favorite "large scale" servicer to work with....like you, almost always seemless with quick decisions, no BS.......

Enjoy your weekend.

Permalink Reply by Tiffany Carver-O'Malley on February 13, 2012 at 9:18am

Ben, I have Citi as a 2nd right now.  It has been assigned to litigation and I have spoken with the attorney's office that it has been assigned to.  They have submitted the package but Chase is the primary.  Chase is offering what the attorney is saying is needed but want a response within 7 days.  Do you think it will happen?  Every time I call Citi, I get the run arounds...do you have a number for a manager?

Permalink Reply by Ben Benita on February 13, 2012 at 9:25am

if you shoot me a quick e-mail at [email protected] I can help....I try not to post contacts on here......used to, but, they would get flooded with requests then change their info.

Permalink Reply by Helen Bosma on February 15, 2012 at 8:20am

I'm just a buyer, not a real estate professional in any way, but we are in the middle of purchasing a home where Citi is the first and chase is the 2nd.  Our offer was accepted by sellers at the beginning of Nov 2011 and the short sale package was sent to the bank about 2 weeks after.  We do not have an approval yet.  I'm beyond frustrated.  How is it that you were able to get approval so quickly?  It appears negotiators are NOT equal.  We seemed to have gotten the negotiator from hell who doesn't know what he is doing.  After all this time, last week he said it had to go back to underwriting to see if the sellers qualify for the HAFA program.  I looked up the requirements and know they DO NOT qualify since they have had the home occupied with renters for the past 3 years! The sellers have tried opting out but the bank says they MUST perform this step. 

I'm assuming our agent and the sellers agent are constantly working on this but we feel so helpless in this process.  Any words of advice???

Permalink Reply by Julian Jahoo CDPE, SFR, ABR on February 16, 2012 at 5:32am

Hi Helen,

 

Hang in there short sales can have bumps in the road..I have closed over 20 in the last 6 months and all of them were different some were easy and some were not. I am sure your agents are on it...

The seller just needs to decline HAFA and continue with a traditional short sale its a simple phone call to say we decline HAFA..

 

 

Permalink Reply by Helen Bosma on February 16, 2012 at 8:53am

According to our agent, the bank has been told that the sellers want to opt out and the bank states that either way, it will still take just as long to attempt to qualify them vs. having them opt out.  Sounds crazy to me.  They said it would take about a week and now it's been over that.