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Just took a listing from a client who purchased a property from me back at the height of the market in late 2005. Needless to say, they are at 35% VTL (Value to loan!) and have finally grown tired of making $2400 payments on a home now worth $125000 in a neighborhood where their neighbors are making $1000 payments.
The lender is OCWEN and until now, I've not had the pleasure of working with them on anything but REO listings.
If anyone on REOPRO has some guidelines, website links and insight to their shortsale process, the information would be most welcomed.
The sellers are a young married couple and I kinda feel obligated to provide the best possible service to them since they trusted me enough to help them buy a home and now when they are struggling to stay afloat, they asked for my assistance in listing their home as a shortsale.
Oh yes, one more thing; Since meeting with them and taking the listing, they have provided THREE referrals, all of which listed their shortsales with me.
So you can see why I want to do a good job.
Looking forward to hearing from those in REOPRO.