Tuesday, January 5, 2010

Confirmation that no approval went with the loan transfer.

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We had confirmation today that when the loan was transferred to the new servicing company that it did not transfer with an approval.  So, next steps is to find out how things will proceed with the new owner of the mortgage.  The good news is that so far they have been responsive and the Realtor and the Owner are both contact them and getting live people, so hopefully they are motivated to close this quickly after the transfer.  Both the Realtor and the Owner are planning on contacting them on Wednesday (the 6th) to find out if they have received and reviewed the physical file after the transfer to them.  They had been informed that they should by this date and that was when they should call back.

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