Is there anyone that has worked a short sale with Select Portfolio Servicing?  I  have 2 short sale with SPS and in one of them they are requesting approval from the 2nd lien holder in order to approve the first lien.  The 2nd lien holder, Chase, said they will not approve until they receive 1st. lien approval.  Any suggestions?  Thanks

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Comment by Blanky Marquez-Bradshaw on October 16, 2012 at 12:03pm

 

Thanks Brett.  That’s what I am doing now; I kept calling until I got the right person willing to cooperate. I hope this time it works. 

Comment by Brett Goldsmith on October 16, 2012 at 11:35am
Keep escalating until you reach the right person. We were facing the same situation yesterday and we were able to get one of the lien holders to proceed. We've encountered and overcame this situation multiple times.
Comment by Blanky Marquez-Bradshaw on October 16, 2012 at 11:10am

Thanks.  However, I already did that and it did not work. 

Comment by Brett Goldsmith on October 16, 2012 at 12:21am

Blanky,

    
     We have worked hundreds of transactions with SPS. We would go ahead and escalate the file to supervisors/mangers and provide proof that the other lender is not willing to proceed without the other lien holders cooperation. With the right communication you should be able to get one of the lien holders to proceed.

Brett@ishortsalenow.com

310-564-6389

www.ishortsalenow.com

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