What do I do at this point to have a closing happen soon. The first lien is getting their full payoff and the owner will be short on the second. They owe 26,000. What can I do at this point. I have called them everyday.
You do not indicate what your role is in this transaction. Are you the buyer or seller or an attorney for one of the parties or what?
If the borrower owes $26,000, you cannot make Ocwen accept $6.500. If the transaction closes, the buyer will receive property burdened with a $26,000 second lien. The title company (assuming that there is one) will not insure the title against the Ocwen lien. If I were the buyer, I would not close under the circumstances that you describe.
It does not matter how often you call Ocwen, you cannot make Ocwen accept the haircut you describe.
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