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Special servicing

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Post Posted: Thu May 19, 2011 11:52 pm    Post subject: Special servicing
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Hi.

Is there any process flowchart for Special Servicer's activities ?


Thanks

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Icon Mini Profile adonis
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Post Posted: Fri May 20, 2011 7:53 pm    Post subject:
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Welcome Guest,

I haven't heard of any such special flowchart for Special Services activities.

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Icon Mini Profile gmakerley
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Post Posted: Sat May 21, 2011 10:09 am    Post subject:
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Please elaborate, NG. What are you driving at?
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Post Posted: Sun May 22, 2011 11:58 pm    Post subject: Special Servicing
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The Special Servicer does some activities when the loan goes into default. I need some process steps how a special servicer proceed with ? And also what all the possible steps does a special servicer handle ?
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Post Posted: Mon May 23, 2011 9:42 pm    Post subject:
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Hi Guest,

You can check out the given page for the same:
"http://www.rurdev.usda.gov/SupportDocuments/3550-2chapter05.pdf"

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Icon Mini Profile gmakerley
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Post Posted: Tue May 24, 2011 11:17 am    Post subject:
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I'm puzzled, and can't quite figure out what a "special servicer" is, does, etc.
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