I'm the buyer
SS was aproved at 340k to the previous buyer but failed to get mortgage. I offered 349k...9k to cover my closing costs but the file got transferred to Nationstar.
Nationstar wants 355k plus wants me to pay realstate taxes and 8k judgement liens and no closing cost for me unless I use them as mortgage.
LA is trying to find out who is the investor to escalate since Nationstar is not negotiating at all. Nationstar said it was a private investor and will only release the info to the owner who has to request it in writing.
LA is doing that today...
What are our chances to get the investor's contact info? The sale was already approved by the investor before.
Any experience with private investors? Any tips will be greatly appreciated.
Tags:
Search QWR or Qualifed Written Request. Ben Benita is the king of the QWR , perhaps read some of his threads on the subject.
I have done it a handful of times with 100% success going to investors
Thanks so much Jeff !
I will forward the info to the LA...
So Jeff Payne
My realtor who is also the LA, has not gotten the investor's info after submitting the QWR...They said 10 business days? we are still waiting.
Any-who yesteday LA received another e-mail from the negotiator with no changes at all. So she called me and said she has to put the house back on the market to get other offers... she is pretty sure all will be lower than mine.
As a last draw I emailed 6 higher ups in Nationstar, including the CEO and I Cced Foxnews, CNN, NBC & ABC. Explained the ordeal and within 31 minutes I "The Buyer" got the file ESCALATED. They sent me a e-mail telling me about the escalation and that they will reach out to the LA with their decision?
Any thought? you think this might work? was it a bad move? I know I am the buyer but feel like I am part of this transaction since Nationstar pre-qualified me and knows all my personal information. So why not make it personal..lol..
What happens to a file after escalation? Any advice? we are still waiting on investor's info.
Who did you escalate the file to? I am having a problem with Nationstar myself and the negotiator is a bafoon. Can you give any contact info? I would GREATLY appreciate it!
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