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#330341 - 03/09/10 11:51 AM Can anyone help?
shebrit Offline
Member

Registered: 02/25/08
Posts: 119
Loc: Sunny Side Up! CA
Please PM me if you have David Sunlin's phone number the vice president of BofA. I have an emergency, trying to stop a sale today at noon. I know this may be unauthodox but please if anyone can help i would really appreciate it. we have genuine hardship and stress, health issues etc.... Thanks in advance if anyone can help!!!
_________________________
"I fell asleep and dreamed i was a butterfly, and now i'm awake i dont know!"

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#330347 - 03/09/10 12:22 PM Re: Can anyone help? [Re: shebrit]
Nifunifa Offline
Member

Registered: 12/28/08
Posts: 384
Loc: FL
Originally Posted By: shebrit
Please PM me if you have David Sunlin's phone number the vice president of BofA. I have an emergency, trying to stop a sale today at noon. I know this may be unauthodox but please if anyone can help i would really appreciate it. we have genuine hardship and stress, health issues etc.... Thanks in advance if anyone can help!!!
shebrit I don't have his number, but I have been sucessfuly stopped a foreclosure if the property is under contract and the short sale is already approve is this your case? or asking the homeowner to go to the judge and request time either because they are doing a loan mod or because they are selling, If this is your situation call the Foreclosure dpt for both the lender and court house and toalk to them in a 3 way call..God luck

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#330349 - 03/09/10 12:28 PM Re: Can anyone help? [Re: Nifunifa]
shebrit Offline
Member

Registered: 02/25/08
Posts: 119
Loc: Sunny Side Up! CA
We had a short sale on the go, i requested a postponement of the sale date while we were in negotiations. The buyer pulled out and we were ready to submit the back up offer but they wont postpone. My client is going crazy this morning trying to get someone to talk to at BofA. They have removed the short sale from Equator so i cant contact anyone now as the autho is not valid. I dont understand why they wont hold off on the sale when they know we have a back up offer.....
_________________________
"I fell asleep and dreamed i was a butterfly, and now i'm awake i dont know!"

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#330351 - 03/09/10 12:33 PM Re: Can anyone help? [Re: shebrit]
Nifunifa Offline
Member

Registered: 12/28/08
Posts: 384
Loc: FL
I never told the lender that the buyer back up until we had the approval, even if I got the approval and the buyer is no there I place it back to the market as an approved short sale, in the meantime to find a new buyer, if they know the buyers are no there, they will close the file and you need to re-open it when you have a new buyer if it is no set to foreclosure already.


Edited by Nifunifa (03/09/10 12:34 PM)

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#330457 - 03/10/10 12:32 AM Re: Can anyone help? [Re: Nifunifa]
WorkWorkWork Offline
Member

Registered: 03/21/07
Posts: 120
Loc: BPOville, USA
if the loan is Freddie Mac or Fannie Mae no worries as they are reinstating these after foreclosure for just about any reason!

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#330473 - 03/10/10 06:25 AM Re: Can anyone help? [Re: WorkWorkWork]
RecoveringREAgnt Offline
Veteran Member

Registered: 03/26/08
Posts: 894
Loc: Los Angeles, CA REO Capital
Hold on here! Can you explain how you can make them reinstate a property?

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#330576 - 03/10/10 03:39 PM Re: Can anyone help? [Re: RecoveringREAgnt]
WorkWorkWork Offline
Member

Registered: 03/21/07
Posts: 120
Loc: BPOville, USA
I don't think you can "MAKE" them reinstate the property. I think that is their new policy (Freddie Mac & Fannie Mae) - working additionally as a loss mitigation counselor, my last two assignments last week were to go and visit homeowners where foreclosure just happened and tell them they have one more chance to keep their home "reinstatement" after the foreclosure. They only had to meet three criteria 1) Have 20% more income than their monthly bills total on paper 2) Not have been previously denied for a loan modification (and even if they have, if they can show their financial situation has changed, this one can be bypassed) and 3) not have declared bankruptcy. I've gotten in touch with one of the two homeowners and they met all three criteria and Freddie Mac is reversing the foreclosure --

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#330598 - 03/10/10 05:25 PM Re: Can anyone help? [Re: WorkWorkWork]
Nifunifa Offline
Member

Registered: 12/28/08
Posts: 384
Loc: FL
Yes you re rigth, I got that writing proposal in a Titanium assignment.O this case the homeowner didn't meet the criteria, so they evicted him

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