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Updated almost 10 years ago on . Most recent reply
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4 Closure Auction tomorrow - can't get Payoff/Reinstatement #'s from US Bank?!?! (Ideas)
Here's the skinny...
Pre-Foreclosure - FHA loan @ 59,872 balance
(7 months behind on payment - Co borrower passed)
After FINALLY getting through the Signature Authorization approval process they have at US Bank... (geez, borrowing 200k on a stated income loan was easier...) - I ordered Reinstatement figures and a pay-off which at that time they stated was a 2-3 business day turn-around. But to order it, you have to call the foreclosure attorneys, ok, no problem, standard for deals like this!
Call these geniuses...
Order the figures and then call back on Friday they say ok, we got you in the system now, check with US Bank to confirm that we have accepted your request and it will be sent... huh?!??! (So my payoff request that I am ordering from you the attorney will show up in US Banks system, ok!)
So today I call US Bank today they say "Have you called the attorneys?" duh... yes, it should be in your system! On hold for 10 minutes, they find it, everything is good expect the figures in 10-14 days! WHUT!?!??!?!
Then another 20 minute conversation that ultimately led to her calling her supervisor and "escalating" this file because of the pending foreclosure that they can't halt!
Note: Unpaid balance $59,832
ARV $105k
Repairs $12K
Existing PITI: $674
Amount to reinstate loan: estimated $7250
Any ideas on what else I can do to get the payoff and reinstatement ASAP or to halt the foreclosure? (Anyone ever used the Fair Debt or Credit letter - not sure what it's called)