Chase and Bank of America Escalation
Today’s chapter of shortsalepowerhour.com is a fantastic example of the highest height of escalation. Kevin and Fred both have an escalation correspondence to reveal with viewers.
Fred is at present working on an escalation email that he recently sent to the inhabitants at Chase Bank. Fred has been working on a short sale since late October and has still not received any solutions or development from the employees of Chase Bank. There have been numerous requests for clarifications and updates to the paperwork. All that Fred desires for is Chase bank to amend the procedure to get some changed consequences. This is in the greatest interest of the home owner, the investors, the lender, the buyer, and Group 4610.
Kevin has his own circumstances dealing with Bank of America on a property that been appraised for between $45,000 and $50,000. Yet, the lender continues to counteroffer in the $60,000 range. Even with ordering other reports and providing numerous previous papers to corroborate the evaluation, Bank of America has not acted in good faith. A trustee auction will not get more than the current bid of $50,000.
Kevin and Fred like to work together with the lenders, not versus them. They are working to the larger benefit of all parties. The correct choice is to ease the loss with a short sale instead of a trustee auction.
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Fred Weaver is a founding co-owner of Group 46:10. He has been working in the financing/real estate business for over 7 years. Fred began his real estate career by working for a large wholesale bank as a processor and rate/lock specialist for home mortgages. After 2 years in the business, Fred transferred from the banking side of home loans to the mortgage side. While on the mortgage side of financing, Fred gained experience originating mortgages and processing files for Morgan Capital of Arizona, Inc.
Kevin is a founding co-owner of Group 46:10. He began working in the real estate business in 2007 after spending 8 years working in the finance industry for companies such as Bank One, Green Tree Financial, & GE Capital.