Super Fast APPROVALS!!!

AHMSI –  We submitted a deal to AHMSI.  Property list price $279,000 – Offer $267,00 – NET TO AHMSI $244,000 – The approval came back in 5 days.  Now before become bug eyed, you should know we had a previous offer on the table, buyer walked, relisted property.  SO BPO was done already, however on the first buy from submission to response and approval was 6 weeks.  They are SUPER easy to deal with in my humble opinion, with the exception I sent the package in 4 times and FINALLY it got logged in and an auction was stopped, but it took one week.

Ocwen – To be truthful, I’m NOT a fan of Ocwen.  I find them difficult to deal with.  If there is an auction date on the property, they are a nightmare and I said to myself we would NOT be negotiating another Ocwen property if the homeowner had an auction.  HOWEVER, I am eating SOME of my words this week.  From submission to approval (NO BPO was done) was exactly 8 days.  We got approval immediately, however, we were given 2 weeks to close.  I’m not sure we will make that deadline, but the buyers are doing everything in their power to make it happen.  I’ll keep you posted.

Select Portfolio – Excellent to deal with.  At this moment they don’t assign negotiators, but you’ll get a random person in the short sale department.  From submission to approval (and they had both liens -2 total) it took under 3 weeks.  We were thrilled.

I don’t know if we are just on a roll of good luck or maybe lenders are getting the hint.  My motto is prepare for the worst, and when the worst doesn’t happen, you can be pleasantly surprized.

Maryann Little
Pre-foreclosure acquistion and negotiation
http://shortsalemitigation.net
Massachusetts short sale negotiation
New Hampshire short sale negotiaton
AA Premier Properties, LLC
http://rapidpropertyrelief.com
Massachusetts and New Hampshire Distressed Property acquisition
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