This is the third Blog I have done on this subject about the same client. My client has put in the 6th time for a loan modification on their 1st mortgage. They even go their lawyer to help them as the lawyer is best friends with my client. The lawyer has not charged my client for helping them. And still my clients are getting nowhere. American Servicing Corp. is representing Leman who is an insurance company who is … (3 comments)
This is the extension of a blog I did a couple of days ago. The title of that blog is "Can Anyone Tell Me Why Congress Procrastinates On Toxic Mortgages/Mortgage Investors? PLEASE! ". So I will now continue the saga of my client. My client called America's Servicing Company, today. My client talked to a person named Travis in the lost mitigation department. The reason for this call was my client received … (3 comments)
By: Elaine VonCannon, ABR, SRES, REALTOR, NOTARY, PROPERTY MANAGER, TEAM LEADER, AWARD WINNER, RE/MAX Hall of Fame
I have a client who has a mortgage with America's Servicing Company, which I might add is owned by Wells Fargo. America's Servicing Company has the 1st mortgage on the property. My client has been trying to get a refie since April 2009. America's Servicing Company has lost or requested the same information 4 times. It has been provided and today my client got another letter rquesting the same info … (3 comments)
This is a tale of woe. The moral of this tale is do not subject yourself to a lender who does not want you to walk into equity on a short sale. This tale begins with Wells Fargo. The buyer choose to use this lender without letting either agent know that there was a change from the lender who wrote the pre-approval letter when the offer was presented. As you … (1 comments)
My blogs reflect my observations on life, real estate and my own state of the union (Elaine's world). I write my entries as a way to express myself and all the positive and negative aspects of real estate. I also use it to promote my listings and maybe even your enjoyment in reading it.
Loan Modification, Why Do They Want Toxic Assets On The Books?
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