Short Sale CASE STUDY: 010

Make It Go Away!

How do you make a lien go away that isn’t there?

This is what I have been fighting all week on this file.  Several messages back and forth with the banks negotiator and I think I have finally figured out a way to make them happy.

I created this form to have the seller sign in front of a notary.  I will upload this to complete the OVERDUE task in the equator system.

It never ceases to amaze me that no matter how many of these I have worked on (close to 200 now) there is alwayssomething new, different or creative that I have to do to keep the file moving forward.

Clean and Insured Title

As I mentioned in the last post, the title company has already said that they will provide a CLEAN and INSURED title.  That should be enough.  Instead, Wells Fargo asks me to provide a notarized form to them saying the debt is not his.

Seriously.  They didn’t even have a blank form to provide to me so that I was certain it said what they wanted.  Quite honestly I’m not 100% certain they will like what I have prepared.  They told me I needed a Common Name Affidavit and this is what I was able to find.

I am crossing my fingers that this will be enough to keep the file moving forward.

It just seems like a waste of time.  All the lender should care about is that the title is clean and insured. In fact, I’m not so sure that they wouldn’t be willing to pay off some one else’s judgment through closing if I could supply them with a payoff statement.

Crossing My Fingers

Hopefully the seller can get this notarized ASAP.  I have already received 2 notices that I have an overdue task and am running the risk of the file being closed out due to non-compliance. I don’t think that will happen because of the dialog I have established with the negotiator but you never know.

Time will tell.

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