Bank of America in an effort to close more deals has designated a company, Default Servicing LLC., since September to begin contacting homeowners that were pre-qualified for the short sale process. Their new program, shrouded in part due to secrecy of how to qualify, has been initiated and Default Servicing, LLC has begun making...
Posts Tagged ‘ loan number ’
Breaking: Chase sneaking in Second Mortgages on their Homeowners?
We’ve been dealing directly with loss mitigation for just about a decade now. With direct stories coming from our experiences on the front lines we have seen that Chase, specifically confirmed with the Washington Mutual twice, we were advised that money needed to be paid to second non-attached loans. In many cases these were...
Wachovia’s Letter of Authorizaiton Process: Two letter are better than one?
Wachovia, either because a large amount of identity theft or because they’ve been caught in problems for violating the FDCPA, has enough time on their hands to receive Authorizations to Release information but are sending out another letter once that letter is processed by them. The letter that arrives requests that the borrower also...
Bank of America: Customer Service access to program to convert old numbers into NEW!
Recently as of 10-21 a notification was sent out to all Bank of America homeowners about changes that were taking place on their accounts. Well if your clients are anything like ours you’ll note that some how hundreds of people did not get this letter in the mail. Either because Bank of America foresaw...
Bank of America: Company wide Loan Number Reassignment
Bank of America and its subsidiaries including BAC/Countrywide Legacy will be making some major changes starting November 16th. Actually as of that date they will begin to reissue new loan numbers to all its customers. That’s right! Everyone who has a loan with them, no matter what branch, will be issued new loan numbers....