Hello group, I have an active short sale with BofA in first lien position. When we started Specialized Loan Servicing was in second position. Specialized was difficult but finally gave me short sale approval after I provided them with their signed Fannie Mae Securities agreement. Now that Bank of America is finally close to giving their approval on the first, the second has been transferred to Wells Fargo. This information was provided via a letter from Specialized Loan Servicing. The transfer was to be effective 9/14/2012. I have been contacting Wells Fargo and they are unable to find any account with my borrower social. Of course calling Specialized Loan Servicing back has met with an indifferent - "whatever" "you should have paid us when you could have" attitude.
Does anyone know how to find this second loan so I can submit the short sale package?
Tried your clients credit report it might be there, it happened to me, before and that is how I found the Lender.
I had very good luck with SLS, they approved the short sale withing 45 days.
Hope this will help you.