Posted on: 22nd Mar, 2009 02:15 am
Good morning,
I am selling my house as a short sale.
I have an 80/20 (stated income) loan. I am approved by both banks for the short sale and about to close in 30 days.
I received an "unusual" voicemail the other day from a 3rd party company routinely calling me to verify or re-verify the information on my original application?
Is that allowed to verify or re-verify information on an application 3 years later?
I never heard about this before? Is that normal during a short sale?
What should I do?
Thank You
I am selling my house as a short sale.
I have an 80/20 (stated income) loan. I am approved by both banks for the short sale and about to close in 30 days.
I received an "unusual" voicemail the other day from a 3rd party company routinely calling me to verify or re-verify the information on my original application?
Is that allowed to verify or re-verify information on an application 3 years later?
I never heard about this before? Is that normal during a short sale?
What should I do?
Thank You
I wouldn't doubt that the lenders may employ a 3rd party to ensure that there was no fraud on your original loan.
are you conserned that they will uncover something?
If not I say just answer their questions and get on with your short sale so you can move on with your life.
are you conserned that they will uncover something?
If not I say just answer their questions and get on with your short sale so you can move on with your life.
Thank You Chris for your reply.
I don't have anything to hide. But I just don't want to get involved in any red tape and anything that might/could slow down the short sale process.
Are they allowed to verify or re-verify the information on the original application?
Besides, I don't feel comfortable speaking with a 3rd party. (Do I have to answer there questions?)
Can I just hire a real estate attorney and have them answer for me?
Please let me know what you think. Thanks
I don't have anything to hide. But I just don't want to get involved in any red tape and anything that might/could slow down the short sale process.
Are they allowed to verify or re-verify the information on the original application?
Besides, I don't feel comfortable speaking with a 3rd party. (Do I have to answer there questions?)
Can I just hire a real estate attorney and have them answer for me?
Please let me know what you think. Thanks
Hi Guest,
When you apply for a short sale, the lender will verify your financial situation and then decide whether he would approve your short sale or not. The lender may hire a 3rd party to verify the information. Yes, you can definitely consult a real estate attorney in this case and he may answer the queries on your behalf.
When you apply for a short sale, the lender will verify your financial situation and then decide whether he would approve your short sale or not. The lender may hire a 3rd party to verify the information. Yes, you can definitely consult a real estate attorney in this case and he may answer the queries on your behalf.