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Purchasing property, Mid-foreclosure (PA)


Waxworks
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I have a freind who is in the 30 day window for foreclosure (2-08 the date on the ACT91) and thier mtg company will NOT work with me (XXX MTG) to do a deed in leiu of foreclosure. I THOUGHT I was working with a person in loss mitigation, but come to find out, they only worked in collections. My lender, who I am trying to work with, got frustrated, and cancelled the loan. I am at my wits end with thier mtg co, and to make matters MORE intresting................SOMEONE went through the house today and superglued the locks. SOMETHING is CROOKED about this whole thing, and I need SOME HELP!!!

All I want to do is get them out of the burden the homeowner is in, and to make it a rental property!!!

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GreenTree may not want to settle for a Deed in Lieu of Foreclosure. This term , as I understand it, is a compromise from the lender to accept the deed to the property and let the owners walk.

Have you tried to see what GreenTree will accept as a short sale purchase? Just a suggestion, otherwise wait on the sheriff's sale, and bid on the property that way.

I had a situation here locally where GreenTree came out to a property and put some sort of lock bars on the door knobs, so that the owners could not get back in. Funny, they only put the device on the front door, and the owners were able to still get in the back door.

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I ASSUMED that I was doing a short sale thru them. The person I was speaking with ordered an appraisal, and I let the guy in. Next thing I know, the lady was asking me to make a payment for the homeowner. Of course I wasn't going to do that.

Now, all of a sudden, it got handed to someone else, and they are saying the person I was speaking to the whole time only works in collections. I KNOW when I first contacted them, I asked for LOSS MITIGATION. I am in the process of meeting an attorney today.

The lender I am working with is ALSO STEAMED!!!

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