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OCWEN SHORT SALE? NOW WHAT??

By
Real Estate Broker/Owner with Dan Hopper - Gold Way RE

 

Ocwen Short Sale - Now what??


Westminster, CO - Wow, we worked a short sale to a successful closing with Ocwen!!  Yes, they do tend to have a very unusual way about them.  To complicate matters, they have located their Loss Mitigation Dept to INDIA!!

It just adds to the nonsense you will deal with when hoping to resolve a delicate situation of stopping a foreclosure, by performing a Short Sale!

Ocwen will take the opportunity to work HAFA, and that part was great, but then they like to throw a curve ball at you.  In this situation, they decided to change the short sale approval letter by not allowing seller concessions, after the fact!

We ended up closing in escrow, last Friday, and got everything resolved the following Tuesday.  In Colorado, we do not like to close in escrow, since the lender funds on day of closing and the title company disperses funds the same day.


We have learned a few things in this process.  The Short Sale Team will grow with knowledge due to this transaction.  We have discovered some valuable information that may assist you in the event you come across Ocwen as a first lien holder.  For more info on this review Denver Short Sale Success!

Remember, the GOAL is to help the distressed Home Owner to Avoid Foreclosure!

For more information Blog at  Stop Foreclosure in Denver / Westminster!

Stop Foreclosure in Westminster with a Short Sale.

 

HIRE A SHORT SALE TEAM THAT UNDERSTANDS THE RULES AND THE EXPERIENCE TO DEAL WITH THE PROCESS OF OBTAINING SHORT SALE APPROVALS TO ASSIST THE HOMEOWNER IN STOPPING A FORECLOSURE!!

Thanks for reading this,  Dan Hopper,
Your Real Estate Advocate:


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Dan Hopper specializes in assisting home owners to avoid Foreclosure in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.

 

Thank you for reading, "Ocwen Short Sale - Now What??"

Comments (9)

Karen Anne Stone
New Home Hunters of Fort Worth and Tarrant County - Fort Worth, TX
Fort Worth Real Estate

Dan... I have heard some pretty major horror stories about working with OCWEN.  Just make sure your Prozac prescription has some refills left on it.  You will probably need them.

Sep 27, 2012 11:01 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

I buy houses to flip all the time, so I see Ocwen sales all the time. I have two of them under contract right now, they have taken a long time, fortunately I can affort to wait them out. You are right, lots of curve balls.

Sep 27, 2012 06:48 PM
Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Colorado Broker / Referral Services

Thanks Karen.... drinking picks up when working with Ocwen.  Joe, they are just plain "BAD".  Watch out for the foreclosure sale date ... make sure you will have plenty of time to get the approval, or they will just kill the deal to foreclose.

Sep 27, 2012 10:47 PM
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Dan,  You have more patience than I.  Short sales are just so darn aggrivating.  I would reach through the phone and slap someone and it would never get done.

Sep 30, 2012 02:01 AM
Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Colorado Broker / Referral Services

Belinda ... it takes patience... and a good short sale processor so I DO NOT have to talk to the banks' negotiators!!  You just learn, over time, who is good to work with and their silly rules and regs they will follow, in order to get a successful short sale approval.

Sep 30, 2012 02:12 AM
Roy Kelley
Retired - Gaithersburg, MD

Congratulations on another successful transaction.

Have a most productive week as home buyers continue to take advantage of the record low mortgage interest rates.


 

Oct 01, 2012 12:08 AM
Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Colorado Broker / Referral Services

Thanks Roy ... it is always a great feeling to assist a homeowner in a distressed situation!!

Oct 01, 2012 12:41 AM
Joetta Fort
The DiGiorgio Group - Arvada, CO
Independent Broker, Homes Denver to Boulder

Congratulations - you're obviously a man who works hard for his clients.

Oct 08, 2012 02:23 AM
Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Colorado Broker / Referral Services

Thanks for the nice compliment, Joetta!  Have a great week!

Oct 08, 2012 03:43 AM