There are 3 blog entries for June 2012.
Thursday, June 28th, 2012 at 1:48pm. 929 Views, 0 Comments.
In never thought I'd say these words...but Ocwen to the rescue.
After struggling through months of unemployment and several failed attempts to modify their loan with Chase, these CT homeowners had given up and decided to just cut loose and sell their home in a short sale.
The home was an immediate hit and was under deposit within 2 weeks. A short sale package headed to Chase - the kings of incompetence. Fortunately - less than two weeks later my homeowners received notice their loan had been sold to Ocwen.
We started all over with Ocwen. It took a few weeks for them to have the loan set up in their system, but once we were able to initiate the short sale, just a few short weeks later our HAFA approval letter arrived. It took the buyers…
Monday, June 25th, 2012 at 9:17am. 431 Views, 0 Comments.
Living in Vernon, CT
Vernon, CT 06066, is located about 20 miles east of Hartford in Tolland County. Located off exits 64 through 67 of Interstate 84, it is a town full of activity, culture, and activities for folks of all ages.
Founded in 1808, Vernon was famous for its mills, which used the water power of the Tankerhoosen and Hockanum Rivers. The mills produced spun cotton or wool. Until its closing in 1988, the Roosevelt Mill, on the north side of town, offered locals a great place to buy wool skeins or sweaters direct from the factory shop.
Vernon has transitioned from the Mill Town of the 1800’s and early 1900’s to a suburban community with some open land for farming and a suburban community with good schools, activities, and…
Friday, June 22nd, 2012 at 8:03am. 786 Views, 2 Comments.
While short sale processing timelines at Chase have improved a little over the last several months, Chase seems to have some restricting rules in place that severely inhibit communications. Chase is one of the only lenders that does not have a software platform in place for short sale processing, refuses to use email to communicate and Chase negotiators are also prohibited from leaving any detail on voicemail messages. Add to this the fact that the negotiators rarely answer the phone and can take days to return a phone call - and you have a real communication problem! Even the most minor exchange of information can easily take days or weeks making the Chase short sale team one of the most inefficient loss mitigation teams in America.