I contacted CMS to submit short sale, I got a reply saying that all they need is HUD,listing and POF and not to submit to them they will have this company by the name of SPURS call me.
After 2 weeks of CMS playing games with me telling me don't worry "SPURS" will call me: I get an email today saying they have been in contact with the seller directly and they will do a deed in lieu and would not consider a short sale at all.
The seller said CMS did call him and offered him $15,430.00 to do a deed in lieu, and they will satisfy the 2nd(Chase) and the 3rd(private mortgage).
How is this OK? I do not understand why these banks are getting away with these underhanded deals.
Tags:
I know very good deal for the seller if they satisfy all the liens which includes water, violations from NYC DOB,ECB- it amounts to over 30K, cutting a check to him is great but will they take care of everything else? NO answer given as yet, with a short sale all of these things are satisfied at closing, will it work the same way with a deed in lieu?
I advised the seller to take any paper work to his attorney for review, will post update once we get an answer: I still think this is shady business
ok Thanks
This is the email
Good afternoon,
I just wanted to let you know that I got an updated from SPURS today. It seems they have been working with the borrower directly and we are moving forward with a deed in lieu of foreclosure.
Please contact the borrower for additional information.
Thank you,
Ingrid Garcia
Special Servicing
Carrington Mortgage Services
1610 E. Saint Andrew Place, B-150
Santa Ana, CA 92705
Direct: 317-712-5405 | Office: (877) 267-1221 x 25405
Hours: 8 am – 5 pm EST | Monday – Friday
Fax: 1-877-267-1331 Attn: Ingrid Garcia
ATTENTION: If you are interested in retaining your property and would like to be considered for a Home Retention Program send your documents to [email protected] or 1.877.267.1331. If you are NOT interested in retaining your property, but would like to be considered for other foreclosure prevention alternatives send your documents to [email protected] or1.888.849.1034. Any documents sent to this personal email address will not be acknowledged and may cause delays in the review process.
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.