Saturday, June 30, 2012

Ocwen HAFA Short Sale Success in West Sacramento

Ocwen is one of those Servicers who you love to hate. Many West Sacramento Short Sale Agents complain about the poor service and lack of response from Ocwen Associates. I firmly believe it is the West Sacramento Short Sale package and preparedness of the West Sacramento Short Sale Specialist and processor that make all the difference.

   
Let me explain. We just recently submitted a Short Sale package where Ocwen was the first and second Lienholder. We submitted what we refer to as, our “perfect Short Sale package”. We used the required Ocwen forms, completed the Ocwen Check list and basically gave them everything they could possibly want the first time. Now true to form Ocwen did come back requesting information we had already submitted and rather than argue, we promptly sent them the requested information. Well guess what? 17 days after submitting the Short Sale package we received approval from Ocwen. Not only did we get the approval, we were able to secure the seller $3,000 for relocation assistance AND a 2% credit to the buyer to help cover their closing costs.

Think about it – The seller will walk away from well over $320,000 in debt without any responsibility for the unpaid balance, done correctly will have no liability for income taxes on the forgiven debt, gets $3,000 to help with relocation expenses and the buyer gets 2% towards their closing costs. How great is that?

Are all West Sacramento Short Sales that easy – no not really, but done correctly they are getting easier and easier for those West Sacramento Short Sale Agents who fully understand the process.

To get a better idea of when your West Sacramento home will be worth what you owe, log in to www.shortsaleandloanmod.info for a free estimate or call me today for a free no obligation consultation. Call me today and sleep better tonight; you’ll be glad you did


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