|Da Vinci Way, Sacramento||PENDING LENDER APPROVAL||US BANK X2 PM||HL and authorization in file. Other SS Docs uploaded to file. Ready to go to bank with offer. OFFER ACCEPTED 5/9/12. HUD requested 5/9/12. 5.22 faxed docs from seller. New TPA uploaded 6.1. 6.7 file in review to be assigned to negotiator, all docs recd. Req update 6.18. req update 6.22 file in line for review. Jeff Rua is negotiator. Req bank statements, payroll for May and 401K, 6.26. BPO 6.27. BPO agent could not get in & set off alarm, new appt 7/3. BPO completed, waiting for lender receipt. 7/18 lender requests updated P&L questions hardship. On 7.23 lender says we need to reapply in October when seller loses job. Buyer extended to November. Requested updated HUD 9.26. Req HAFA pkg on 9.28. 10.3 US Bank asked for updated letter. 10.8 new financials and updated HL sent to bank. 10.18 US Bank requested letter rejecting other options and accepting HAFA and a P&L.
10.25 lender requested broker tax ID on TPA. Sent 10.29. 11.8 US Bank has all docs. 11.20 file still w/HAFA review. 11.29 letter from POC says no HL - showed POC where to find HL 11.30. 12.28 file in review. 1.17 file in review. 1.25 file in review, POC says it's been in review for more than 30 days. 2.1 still in review. 2.4 req escalation. 2.22 US Bank messed up and did not correctly read notes as file was not in review. Req updated docs, sent 2/25. Removed from HAFA. uploaded revised docs to US Bank 3/1/13. 3/5 bank confirmed receipt of all docs, including no hafa letter. 3.15 bank requested 401K statements, sent 3.18. File in underwriting says POC 3.27, POC states still in review 4.3. US Bank req VOE, sent to sellers 4.8. Faxed VOE to bank 4.11. Sent 4506T to sellers 4.17, VM 4.18. VM 4.19. Sent email 4.21. POC 4.24 reports tax returns ordered. 5.3 file in review again. 5.8 review halted, need VOEs from employers returned, informed sellers to get them returned to lender. One seller still working w/employer to get the VOE 5.17. 5.23 Seller got thru to her HR dept & VOE to come 5.28. Got both VOEs 5.30 and sent to US Bank. 6.7 file in review, no ETA given, depends on # files in front. 6.13 file in underwriting.
|Silver Ranch Way||PENDING SHORT LENDER APPROVAL||Bank of America Fannie Mae Cooperative Short Sale||waiting for tpa 8.14. TPA uploaded to Equator 8.15. REDC called 8.24 directed to seller. 8.28 file vanished in Equator, trying to reopen. 8.29 REDC says BAI mailed to seller, req seller send to us. 9.4 Rec'd executed BAI, forwarded to REDC. Waiting for valuation. NOT VISIBLE IN MLS. Many emails v/ms to REDC no response, reached out to Bank of America Social Media, 9.14. Mae Trantham responded 9.14 to say BPO is in but she will not give us the value until FNMA reviews the file, and that could take 15 days. Mae also says she cannot assign us back to Equator because she has other tasks to complete first. 9.24 file is QA 72 hours, then to team lead, then to Senior VP up to 10 days. Req update 10.1. Valuation letter rec'd 10.1. Adjusted price 10.29. OFFER ACCEPTED 11.4. requested HUD 11.5. Uploaded to Equator 11.5. REDC Mae Trantham assigned to file 11.6. Uploaded offer to Equator 11.7. Analysis 11.14. BAC counter 11.15. Relayed to buyer and buyer countered the counter. Req rev HUD 11.15. Mae Thrantham seems confused -- asked if seller would make contribution and also req. doc. Explained this is a preapproved coop, a contribution is prohibited by law and no docs are required, plus BPO is less than demanded SP, 11.19. Buyer decided to accept goofy sales price 11.20 so accepted B of A's counter. 11.21 REDC told the seller he must submit financials on Thanksgiving, plus tax returns, plus other documents not previously required and probably are not required or REDC threatened to close the file. Such fine caring folks at REDC. Seller submitted financials on Thanksgiving, forwarded to REDC 11.22. Sent Tweet 11.26 to try to get confirmation that this is still a cooperative because REDC is non responsive. 11.26 buyer just canceled when she discovered she cannot pay more than her original offer. Talked to Mae Trantham and if buyer can absorb CCC, she will resubmit 11.26. sent ADD #1 to buyer 11.26. No response. 11.27 followed up, 11.28 no response, 11.28 Mae closed the file for no response. 11.29 back on market. Canceled 11.29. Need new Offer! 12.26 working with B of A and asking for price reduction. 12/31 REDC rejected price reduction. 1.11.13 escalated req for reduction directly to Fannie Mae. 1.14 Fannie Mae reviewing escalation request. 1.18 Fannie Mae called to ask if B of A had req CMA for review, and REDC did not ask for any paperwork, so sent CMA to to B of A (REDC) per Fannie Mae request -- file still under review at Fannie Mae. 1.21 BofA reopened mkg plan. 1.28 BofA says we are out of BAI time period. BPO agent turning in value today and estimate matches LA market value. LOWERING PRICE IN MLS 1.30.13. ACCEPTED OFFER 2/10/13. Obtaining required docs for submission. Buyer canceled 2/15/13. Need new Offer! REDC looking at file again as Cooperative. OFFER Accepted 2/22/13. REDC confirmed will reopen as Cooperative. Requested HUD 2/22. 2.28 Equator allowed new file initiation. Waiting for Equator 3.6. Uploaded offer 3.8. Bank req updated financials 3.8. 3.11 financials uploaded to equator. 3/19 new valuation completed, analyzing offer. Fannie Mae says it doesn't care about the BPO or escalation on valuation it wants what it wants, 3.25 , so although we countered offer for buyer, it probably won't fly. Submit backups. Buyer is canceling soon as they get off the cruise ship. Send offers. Need min $240 w/o concessions. Updated MLS 4.26. OFFER ACCEPTED 5.16.13. HUD rec'd 5.16. Updated seller financials req 5.15. Equator reopened 5.16. BofA req seller call. 5.17 seller called REDC, reopened file, pulled from DIL, will take 7 days or so to reopen in Equator. 5.24 file initiated on Equator. 5/31 file in review. Negotiator assigned 6.4. Offer uploaded to Equator 6.6.13. Req updated docs from seller 6.6. 6.7 uploaded new TPA, rev offer, 4506, waiting on 2012 taxes. 6.12 uploaded taxes. 6.13 neg says waiting for new valuation and could take 2-3 wks.|
|Porto Moniz Way||PENDING||Bank of America||8.25 Docs to BAC. 8.26 Rec'd and req borrower outreach, sent to seller. 8.29 REDC said file assigned to Monica Daughtery, oops she is no longer w/company, file is being transferred to Gladis Luna. req update 9.6. File missing in equator, asking why 9.14. Notes in file say BPO was done on 9/7 but it was not because there has been no access of lockbox. Mae Trantham assigned at REDC, emailing 9/19. Leaving vm 9.19. 9.28 investor is Aurora, so no coop. On market 10.1. OFFER ACCEPTED 10.6.12. HUD req 10.8.12. 10.8 Buyer got cold feet and canceled. 10.10 raised price. OFFER ACCEPTED 10.11.12. HUD Requested 10.12. Sent HUD 10.15. 10.18 uploaded No HAFA letter. 10.22 uploaded POF. 10.23 uploaded required docs, accepted counter in Equator and file has been submitted for approval. The letter cannot be issued until a legal document is rec'd by the seller and submitted. 10.26 BofA ready to approve but cannot until legal doc rec'd by seller. 12.5 Lawyer says 12/18 to US Trustee + 30 days. 12.10 utility lien filed, updated HUD and sent. New Offer Accepted 1.4.13. HUD req 1.6.13. BofA hard declined 1.13, said "library is too full" and new BPO needed. Will initiate when avail.
1.20 opened in Equator. Offer uploaded to Equator 1.23. 2.4 decline HAFA again. 2/8 Order rec'd by court, 21 days for obj and clearance issued. 2/20 file sent for approval. 3.8 lawyers does not yet have document, expect soon. 3.16 seller called lawyer, sent email on top of our emails and v/ms. Trustee says file is OK to close but final docs won't appear until May, altho title says we are OK to close, 3.27, we have to wait for BofA. 4.19 all cks have cleared, waiting for discharge. Trustee says the final should be this month but she does not monitor. Elec was 3.27, Hard copy Apr so UST should file final in May and then issue Decree, 5.6.13 B of A issued counter in Equator, accepted 5.8. Revised HUD uploaded 5.8. Final docs rec'd by court today, final decree to be issued within 30 days, 5.13. Negotiator req TPA, uploaded 5.15. File sent for approval 5.17. SS APPR REC'D 5.23. Waiting for final court doc. COE 6.26 Court doc coming 6.13. Left vm & email for lawyer 6.13 to get court doc.
|Sitka Court, Elk Grove||PENDING||OCWEN / WF||All docs collected. Weintraub negotiating. Offer Accepted 9.24. HUD recd 9.25. Balance of financials rec'd 10.1. Sent to bank 10.1 Ocwen req hafa decline letter 10.8. WF sent pkg 10.10. Add'l docs sent to both lenders per req 10.18. Ocwen ltr conf receipt of docs 10.25. 11.20 rec'd letter from Ocwen file was closed, called, file is not closed, but Ocwen asked for reduction in CCC, req new HUD and sent addendum to buyers. 11.27 no response from buyer's agent, sending NTBP. 11.29 all docs rec'd and uploaded. Phew. 11.30 Waiting for seller receipt of ADD. sent. 12.5 Lawyer says 12/18 to US Trustee + 30 days. 12.7 req updated bank statements. SS APPR from 1st recd 12.18 with COE 1.28. Sent to 2nd 12.19. Buyers Canceled for NGR (no good reason) 12.30. New offer accepted 1/2/13. Req HUD 1/3/13. Submitted to bank 1.4. 1.9 POC says offer rec'd and in review. 1.17 SS Approval from 2nd rec'd. COE 2.28. 1.18 file sent for app'l by first. 1.23 1st req updated preapproval on lender letterhead. 1.24 POF sent to lender. 1.30 Ocwen req new HUD w/5%. 1.31 sent Ocwen B of A commission guidelines. 2.7 Ocwen req updated bank statements. SS APPL 1ST 2.15 COE 4.1. need discharge to get final 2nd appl. 3.18 waiting for repair addendum from buyer. Trustee says file is OK to close but final docs won't appear until May, altho title says we are OK to close, 3.27, we have to wait for WF who wants closed docs. Rec'd ext SS from Ocwen 4.17 good to 5.31. Trustee says the final should be this month but she does not monitor. Elec was 3.27, Hard copy Apr so UST should file final in May and then issue Decree, 5.6.13 Final docs rec'd by court today, final decree to be issued within 30 days, 5.13. File extended S&B 5.31. Court doc coming 6.13. Extension to 6.28 signed S&B. 5.28 home broken into, sellers calling the PD. 5.30 sellers met police and home is secure. Preservation co changed the locks and installed LB w/o giving us the code, tho my sign is plain as day in the yard. 5.31 calling Ocwen to file complaint and ask for lockbox code. 5.31 buyer changed the locks, new key in lockbox. Buyer upset over damage to interior and might cancel. Submit backup offers please. Left vm & email for lawyer 6.13 to get court doc.|
|N Park #3215, Sacramento||PENDING SHORT LENDER APPROVAL||First Bank / SLS||Mostly completed package, Elizabeth Weintraub negotiating. Traditional short sale. Offer accepted 12.10.12. HUD requested. More docs requested. 12.26 rej letter, need to resubmit HL and redo bank statements. Resubmit 2.25. New packages sent 2.28 to 1st and 2nd. 3.6 docs are rec'd. 3/8 left mess for POC. 3.13 Chase says seller must be examined for loan mod & exhaust other options prior to short sale scrutiny. Bank has requested a number of docs from seller, presently collecting 3.27. Picked up extra docs at office, inc 4506, sent to bank 4.9. Verified bank has all docs now for loan mod. Soon as loan mod is denied, it can start with the SS, 4.11. All docs rec'd 4.16 and told to call next week for an update to see if loan mod is rejected, and it should be. Then we will start the SS process. 4.26 the loan mod is denied but sellers need to qualify for SS under certain conditions which have not yet happened. Need to restart 6.15. 1st Bank guidelines causing holdup and seller obtaining legal assistance 5.10. Seller meeting w/lawyer 5.21. Seller discussing over weekend 5.25. Seller hiring lawyer 5.31 to move forward with SS.|
|Pedra Do Sol Way, Elk Grove||PENDING||WF HAFA X 2||On market 2.4.13. Negotiated by Weintraub. Offer Accepted 2/12/13.HUD rec'd 2/12/13. 2.17.13 docs from WF rec'd for seller to complete. 2/20 WF says file in HAFA review. 2/22 WF req more docs, waiting on sellers. HAFA docs sent 2.26 to bank. 2.28 WF is approving the first today and sending to the 2nd for approval. Will not author delinq utilities. 3/1 SS APPR REC'D 1ST, COE 3/29. 3.8 POC still working on file for 2nd expect soon. Rec'd extension from 2nd on 3/27. Good to 4.11. Whew. Seller cannot close until 5/31. Sent signed ext to seller 4.5. 4.8 ext not rec'd back, left v/m. rec'd EXE Add 4.10. 4.15 Rec'd ext from 1st WF, sent to 2nd, COE 5.29. Asked WF for waiver RB per slr req 5.3, WF refused 5.6. Might need to start over because seller cannot move 5.9. 5.13 WF asking for update, asking seller if we are closing. Seller cannot move. Asked WF to close the file and start over. Sent buyer signed extension to seller 5.15. Seller promised to send ADD by Monday, 5.20. Conf w/WF that we can start over on the HAFA. rec'd exe ext all parties 5.19. COE 7.29. WF closed file 5.23. Reopened file w/WF 5.24. 5.28 Peter Guild from 2nd called, ordering new BPO, price might change. 1st SS APPR rec'd 5.31 with 6/28 COE.|
|Pennsylvania St, West Sacramento||PENDING||Nationstar / Webster||On market 2/14.13. Negotiated by Weintraub. Offer accepted 2/19/13. HUD requested. Nationstar req BPO 2.26 from LA, completed and uploaded. Docs sent to sellers from Nationstar, 2.26. 3.1 uploaded financials to Equator. 3.6 POC req Feb paystubs, requested. 3.11 uploaded stubs to 1st and 2nd. Counter offer rec'd 3.20, sent addendum to BA. 3.21 sent to seller, approved counter in Equator and sent HUD. First has stopped negotiating until 2nd approves, and 2nd ordering appraisal today, can take 2 weeks, 3.23. 2nd actually ordered BPO on 3.28. BPO value rec'd by Webster 4.11. File sent to processor 4.12 at Webster. 4.24 sent bank statements & rev HUD to 2nd. 5/1 2nd sent to mgt for inhouse review. 5.8 still in review. SS APPR from 2nd 5.15, sent to 1st with COE 6.24. Uploaded offer again to Equator 5.15. Req updated POF & Preapproval from buyer, plus updated financials from seller. Negotiator emailed that HAFA expired last year, corrected negotiator that HAFA was extended to Dec 2013. Still, sellers do not qualify for HAFA, uploaded HUD w/o incentive, 5.15 Webster SS Appl. 5.17. CO accepted. SS Approved by NS, letter coming 5.17. COE 7.17. SS Appr Nationstar rec'd 5.20. COE w/2nd is 6.25.|
|Flinton Court, Elk Grove||Pending||Seterus / B of A||On market 3/11/13. SS package & hardship complete. Weintraub negotiating. Sellesr's pkg complete 3.17. Offer Accepted 3/17/13. HUD requested 3/18. Package sent to Seterus & B of A on 3/18. 3.29 Seterus has all docs sent to neg. 4.9 BPO agent viewed property. Could take 2 weeks to get value to bank, says Seterus, 4.11. Seterus said file sent for approval 4.19. Task avail for Equator offer BoA on 4.26, uploaded, waiting for Equator counter. 4.29 Rec'd 1st APPR with COE 5.23. Sent to 2nd. B of A issued counter for too much $$. Sent HUD to Seterus and countered B of A 5.3. 1st can take week for response to $6K to 2nd. Rec'd Rev. SS from Seterus giving B of A the amount it wants, 5.10. Sent to B of A 5.10. 5.16 no response from B of A, except to note 9 biz days to respond. Sent Tweet to Helpline. Asking 1st for ext to 6.7. Neg BofA req updated pre approval, wet sigs on pg 7, req from BA 5.17. 5.20 file sub for app'l @ BofA, req. extension from Seterus. Seterus wants app'l from BofA before it issues an extension. Don't blame 'em, Seterus has issued 2 approvals while B of A drags its knuckles on the ground. Yay, SS APPR from B of A on 5.24. Req Ext from Seterus. Rec'd Ext from Seterus on 5.28. COE 6.24.13.|
|Cristo Drive, Sacramento||TOM||Chase X 2 HAFA||On market 3/22. Offer accepted 3/24. HUD req 3/25. One of the seller has decided not to sell right now, 3/27. File on hold up to a year.|
|Camstock Court||PENDING||ASC / B of A HAFA||On market 4/15/13. All docs in file. Submitting for HAFA evaluation by ASC on 4.15. Offer accepted 4.24, HUD req. HUD & offer sent to first 4.25. SSPCA sent to BA to return 4.29. ASC req HL, POF, 2nd state & HOA, sent 3 out of 4 5.1 Need bal by 5.15. Got HOA 5.2 and uploaded. REQ. updated 2nd statement 5.6. ASC set to review on 5.15. Sent TOS 5.16 On 5.20 neg asked if tenant was moving, said yes at coe and should rec incentive. 5/22 ASC req. change of wording on HUD re: incentive. sent. Rec'd SS Appr from 2nd 5.23. On 5.24 sent appr from 2nd to 1st w/rev HUD & Financials. REC'D SS APPR ASC 5.31, COE 6.28.13.|
|56th Street||PENDING SHORT LENDER APPROVAL||B of A FHA||FHA preapproval. Rec'd value and ATP to come next week, 4.26. Offer accepted 5.6.13. HUD requested. 5.8 POC still working on obtaining ATP, POC is behind. 5.15 rec'd letter approving but ATP will now arrive in 5 days. ATP rec'd 5.16, sent to seller. ADD to buyer. MOT to seller. 5/23 recd ATP, sent to B of A. Verified receipt @ BofA 5.24.
5/29 & 5/31 asked BofA if neg assigned, no response yet. 6/1 neg assigned, Mary Shelton. 6.13 file submitted for final review.
|Paso Robles Way||PENDING||Citi HAFA|
|Weintraub negotiating. TPA sent 4.22. Accepted Offer 4/26/13. HUD requested. 4.28 req Citi pkg, tax returns 4506 from seller. 5.2 missing spouse sig on doc, seller submitting 5.6. Fay Servicing sent TPA 5.8. 5.16 Allison is negotiator, ordering interior BPO. BPO agt called 5.16 will do 5.17. 5.21 bank negotiator asked for a $39K price increase. 5.23 sent exe ADD #1 w/price increase. 5.23 SS APPR rec'd. Bank arguing over commissions and wants to change RLA for HAFA. COE 7.12. Bank revised approval letter 5.29. Oops, buyer's appraisal came in low, sent to bank w/appr/HUD/ADD 6.6.13|
|Jubilee Way||PENDING SHORT LENDER APPROVAL||Freedom Financial sold the first, and State Farm (HAFA)||Listed 4/23/13. All docs are completed. Offer Accepted 4.27/13. HUD requested 4/29. SS Pkg sent to 1st w/HUD and offer 4/30. 5.6 1st req $6K to 2nd but showed HAFA sup. for $8500, 1st is OK with that. Req. 2nd payoff statement 5.6 and other docs for 1st. 5.10 sent opt out, sig on taxes, rev HUD w/$6K to 2nd, missing pgs from bank state and payoff statement for 2nd. BPO agent called 5.16 and will do by 5.18. 5.24 1st in review, 2nd won't approve until 1st does. 5.29 all docs rec'd by first, sent for approval, can take 2-3 weeks. 6.7 file still in review. 6.13 file still in review.|
|Ariel Way||PENDING SHORT LENDER APPROVAL||SPS / Bank of America||Pkg complete. Offer accepted 5/10/13. HUD req 5/10 and sent to lawyer 5.10. Req wet sig 5.10. Bank rej offer w/o seller wet, sent seller wet 5.17. 5.22 SPS ordered BPO, BofA about 15 days out on Heloc. 5.29 Bank req BAD, got SSPCA signed too. 6.3 BofA have docs in review, SPS waiting for BPO. 6.11 SS APPR from BoA. SPS says value is $5K more than offer but since offer is so close, it might not counter. 15 business days for review at SPS. SS APPR 2nd 6.12 coe 8.5|
|Falcon View Drive||Pending Short Lender Approval||Ocwen / GMAC discharged|
|Docs completed. Weintraub negotiating. Offer accepted 5.13. HUD requested. Judgment lien recorded against sellers, buyer offering discounted payoff to creditor 5.15. Amended HUD and sent 5.15. Sent to 3rd party for GMAC 5.16. 5.23 docs rec'd by GMAC. Ckg w/GMAC to make sure it understands this loan was discharged 5 years ago, 5.29 lender requested 2nd statement, which we don't have. Asking seller to get it by tomorrow. 5.31 rec'd 2nd. sent docs to first, pkg to 2nd. 6.5 sent payoff on 2nd to first, & payoff of 1st to 2nd. 1st is in HAFA review. 2nd will appr in 48 hrs after first. 6.13 1st req payoff to include seller's name/address, sent in revision.|
|Walker Road||PENDING SHORT LENDER APPROVAL||Nationstar HAFA|
|KYHC takes 10 to 14 days. SS package complete. Weintraub negotiating. Offer accepted 5/10/13. HUD req 5/10/13. 5.17 pkgs sent to all 3 lenders. 5/22 KYHC sent us subordination paperwork instead of SS pkg, asking them again if they realize this is a SS and we are offering them $2K to release. 5.23 Nationstar req more docs and agent BPO, sent 5.23. 2nd verified receipt of pkg. NS sent pkg to buyer for completion, 5.29. 5.31 all docs to 1st and 2nd, file in review. BPO agt 6-6-13. Nationstar req docs on hand 6.6 uploaded to Equator. Uploaded offer data to Equator for NS 6.11. 6.13 all docs uploaded. 6.14 2nd sent file to neg. 6.17 1st asked for one more doc.|
|Woodside Sierra||PENDING SHORT LENDER APPROVAL||Green Tree||Package and HL complete. Weintraub negotiating. Offer rec'd 5.17. Countered 5.18. Buyer rej. 5.21. New offer 5.21, offer accepted 5.21, preapproval rec'd for buyer 5.23. All docs to GT 5.23. GT req more docs, sent to Seller. 5.24 seller sent docs back and 2nd seller mailing on 5.28.. 5.31 no docs yet from 2nd seller. Notified 1st seller of missing docs 6.3. 6.4 docs arrived. 6.7 GT verified receipt and file in review. 6.13 file still in review for assnt to neg.|
|Lochbrae Road||Active Short Contingent||SLS||Package complete. On market 5.27. Weintraub negotiating. Offer accepted 5/30/13. Req HUD. 5.31 sent pkg for SLS. 6.7 BPO ordered. 6.13 waiting on BPO to proceed.|
|14th Street||PENDING SHORT LENDER APPROVAL||Wachovia||All paperwork complete. Price preaproved. Offers being reviewed 6.11.13. OFFER ACCEPTED 6.12.13 & HUD req. 6.13 WF verified receipt. 6.17 sent rev sig docs to seller.|
|Silver Hawk Way||PENDING SHORT LENDER APPROVAL||First Mortgage Corp. FHA||ATP paperwork requested 6.10, mailed. Supporting financials on hand 6.10. on Market 6.10. Offer Accepted 6.13.13. HUD Req. 6.13.|