Andrew Ostrander
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  • Phoenix, AZ
  • United States
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Andrew Ostrander's Discussions

Anyone closed a 2nd with 21st Mortgage?

Started this discussion. Last reply by Pete Cansler Mar 6, 2014. 4 Replies

I am seeking someone who has closed a deal 21st Mortgage as the 2nd lien holder.  They claim they don't do any short sales which seems awfully short sighted since this particular deal is a…Continue

Tags: 2nd, lien, Sale, Short, Mortgage

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Pete Cansler replied to Andrew Ostrander's discussion Anyone closed a 2nd with 21st Mortgage?
"After almost year of back and forth and several lost buyers we finally closed. They ended up getting 15k on 31k balance for full settlement of debt. (3k from 1st, 12k additional from buyer)"
Mar 6, 2014
Jacqueline Trump Hockenbury replied to Andrew Ostrander's discussion Anyone closed a 2nd with 21st Mortgage?
"Hello, I am short sale certified, and very successful.  I am shareing your blog on my sites.  I have never dealt with 21st Mortgage, but would be willing to help if you need it, contact me at jtrump@mlsdirectrealtors.com good luck. Jacquie…"
May 8, 2013
Barbara Amstadter replied to Andrew Ostrander's discussion Anyone closed a 2nd with 21st Mortgage?
"Andrew, I have a manufactured home on the market that is financed by 21st Mortgage. We got an offer on it and they gave me the same story............."we don't do short sales" until my seller had his attorney go directly to counsel…"
May 7, 2013
Pete Cansler replied to Andrew Ostrander's discussion Anyone closed a 2nd with 21st Mortgage?
"Unfortunately, I have not been able to get one closed. Same situation. 1st was getting 64%, I was able to come up with 54% for 2nd and they still denied 17k on 31k debt. (3k from 1st, 14k from buyer/seller). Almost to point that I am just going…"
May 2, 2013
Andrew Ostrander replied to Wendy Martin's discussion Arizona Foreclosure Laws...need a little help please
"Short sale has to do with the short fall of the potential mortgage being paid back to the lender and whether the sale price is sufficient to cover that.  When the sale price is less than that, it requires the approval of the lender and thus a…"
Nov 2, 2011
Andrew Ostrander replied to Wendy Martin's discussion Arizona Foreclosure Laws...need a little help please
"I would answer slightly different, though I suspect your client has already made a decision.  If not, feel free to call me directly and we can discuss this further.  While I would agree with much of what Bill has said, your client was most…"
Oct 14, 2011
Andrew Ostrander replied to Debbie Parkans, CDPE, CSSG, CRS's discussion WELLS FARGO CHANGES in the group Wells Fargo Short Sales
"So true!  The banks make our jobs easier?  hahaha  The only one to do that so far is Wachovia.  Happy hour is a daydream every time I'm on hold with a lender.  Remember the days when we used to just help clients buy and…"
Sep 23, 2011
Andrew Ostrander replied to Debbie Parkans, CDPE, CSSG, CRS's discussion WELLS FARGO CHANGES in the group Wells Fargo Short Sales
"Debbie:   I totally agree and have found the more complete you are as a Realtor, the easier you make their job.  That doesn't mean there aren't some negotiators who make things difficult, but I complained about that long…"
Sep 21, 2011
Andrew Ostrander commented on Mike Linkenauger's group Wells Fargo Short Sales
"Anyone notice that Wells Fargo/Wachovia has actual people in local markets now to deal with directly to close a short sale?  Wow!  This seems so logical and I'm not surprised that its WF on the leading edge of this.  Just curious…"
Jul 25, 2011
Andrew Ostrander replied to Vanessa Calhoun's discussion Negotiator "Shout Outs"
"I would be curious to contact Julianne at NationStar if you have an email?  I have a deal that has been sitting on their desk for months with little movement despite frequent followup.  Any help is appreciated."
Jul 25, 2011
Andrew Ostrander replied to Chris Colgan's discussion America's Servicing Company?? in the group Wells Fargo Short Sales
"Yes, ASC is handled by Wells Fargo with their typical process.  I have successfully closed an ASC deal with WF and it went fine."
Jun 21, 2011
Andrew Ostrander commented on Mike Linkenauger's group Wells Fargo Short Sales
"I did a Wells/ASC deal and it was truly a deal completely handled by Wells Fargo with their usual process.  Short sale closed with no problems."
Jun 2, 2011
Andrew Ostrander replied to Becky and Gary Viles's discussion Wells seems to be getting harder in the group Wells Fargo Short Sales
"Yes, unfortunatately this continued to fall through the cracks with Wells Fargo, despite numerous attempts to get their attention.  The seller has requested rescission and we are waiting for WF's answer.  I may love working with Wells…"
Apr 13, 2011
Andrew Ostrander replied to Barbara Lee's discussion SWAP OUT OF BUYER
"We swapped our buyer out with Wells Fargo and were told we had to start the process over.  They did most of the work in the first two weeks, then sat on the deal for over a month.  We finally filed a complaint against that processor for…"
Apr 12, 2011
Andrew Ostrander replied to De Billingsley's discussion Need help on escalation with WF in the group Wells Fargo Short Sales
"Great strategy that I've used before.  I keep getting told it is "under review for postponement" but every day, no action.  Today is the magic day and I was just told, "they are working on postponing it".  I…"
Apr 7, 2011
Andrew Ostrander replied to De Billingsley's discussion Need help on escalation with WF in the group Wells Fargo Short Sales
"Thank you so much.  I would had to bother an adjustor with this one since 4-5 others already have seen it.  I think the people we need are those capable of expediting something or solving a problem.  Thank you for trying."
Apr 5, 2011

Profile Information

Occupation
Realtor
Areas You Service (be VERY specific specific and include ALL counties, cities, states, and towns you service!)
Moon Valley, Phoenix, Scottsdale, Mesa, Chandler, Gilbert, Peoria, Glendale, Tempe, Maricopa County, Arizona
Website
http://AndrewOstrander.com
Short Sale Transactions Completed
10-25
Do you have any experience in Commercial Real Estate? If so, do you have the CCIM or any commercial designations? How many commercial transactions and dollar volume have you CLOSED?
Yes. A few hundred deals in excess of $1Billion dollars.
About Me/Profile of yourself: - Please add your Brokerage Company name also!
As for former VP with a major lender for many years, I am very successful at helping buyers, sellers and lenders CLOSE deals with the least amount of headaches. Experience the difference of working with a knowledgeable professional.
Put in todays date! This is to help stop spammers!
November 30, 2010
PLEASE READ THIS!!! - This site is primarily for Realtors, REAL buyers or sellers with questions are welcome to ask, anyone here for other purposes may be banned. 1. Because this site is primarily for agents agents, Any soliciting is pointless and is not allowed. Please do not sell or promote products or services in any way, directly or indirectly. Do not link or sneak in links promoting your services on comments, posts, discussions or blogs. You may have links on your profile pages to your websites as long as your are not selling things other than real estate! Again, absolutely no outgoing links to your websites, blogs or listings 2. Do not speak disparagingly about members on this site. This community is meant to be helpful, and we are here to help each other. 3. We reserve the right to delete content and/or ban members that violate these rules. 4. Member Name (Full Name Field) format must be FIRST NAME, then LAST NAME! Please no company names, DESIGNATIONS, or website in the name field! Please read the terms of service under the "home" tab! IF YOU AGREE TO THESE TERMS, PLEASE TYPE "I AGREE" IN THE BOX BELOW!! Thanks for your cooperation, and welcome to the Network!
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