21st Mortgage Corporation Mortgage Complaint

Home equity loan or line of credit Loan modification,collection,foreclosure

21st Mortgage Corporation Mortgage department,

Home equity loan or line of credit Loan modification,collection,foreclosure Arizona

We are filing this complaint on behalf of our client who is seeking a short sale since -, 2014. We are the agents for this file. Since -, we have been working with consistent delays for processing this short sale through our first lien holder. Our - Lien holder had originally agreed to extend our short sale approval up until the day we lost the first buyer. Upon the re-review of the file for our substitute buyer, the - Lien holder-21st Mortgage- increased their required distribution to $6100.00. We advised the - lien that the first investor is - - and noted that $6000.00 is the max they will contribute. The - lien advised us that they will consider releasing the $190.00 difference as soon as we get the first approval in hand. Since we 've obtained the approval, the - Lien will not release the $190.00 and we are not able to provide a contribution by any other party - Per -- towards the remainder of the balance requested by the - Lien. This borrower has fully cooperated and is providing a cash contribution to - -. We are fully handcuffed into not being to resolve this small balance of $190.00 by any other means and therefore could ultimately force the foreclosure of this property. We are asking for help to either review this requirement of $190.00. If we are unable to resolve this home may go into Foreclosure.

21st Mortgage Corporation customer in Arizona
Apr 07, 2015

* Source: CFPB Complaint Database

21st Mortgage Corporation response to complaint:
Closed with explanation

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