Sports Fans I gotta tell
you while most agents hate Ocwen and Greentree, I gotta tell you I truly like working
with them both. We received another approval from Greentree.
The loan was a first and second with Greentree and both were more than 6 months
late. That 6 months is the key issue. It’s key because many times once a second
is 6 months or more behind the loan gets charged off and sent to a collections
company.
When we initiated the
short sale we confirmed that Greentree would be working both the first
and second at the same time. As we worked the file we continued to confirm the
two loans were being worked simultaneously. Well wouldn’t you know it, when we
received the approval letter only the first was included. Bummer
As it turns out during
the final phase of the approval process the second was charged off and sent to
collections. We were fortunate enough to have caught this as soon as we
received the approval on the first and went right to work on the second. It
took us about a week or 10 days to get the second approval but all’s well that
ends well. We are going to be able to get this homeowner out from over $350,000
of debt including a $100,000 HELOC that would have stayed in place if the
property was foreclosed on. A new homeowner gets to move in and because this
was an above asking cash offer with no appraisal required we will actually help
home values in that area. Life is good!
Is a West Sacramento Short Sale Right for Me?
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 or for the
latest West Sacramento short sale information. Call me
today and sleep better tonight; you’ll be glad you did
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