At time it seems that short sale isn’t going anywhere. At times it could be a snafu on the servicing side or some missing items but sometimes it is because you may have missed a step that is not always necessary. We have done hundreds of short sale for our clients and many through Countrywide (having worked their doesn’t hurt too much either) and the one thing that we noted was the we would submit dozens at a times through the short sale department where 99% would make it through but some would just seem like they were not going anywhere. If you have experienced this even once before then you know our frustrations.
Well, it might not be your fault and just a procedural problem. It is important that in these cases you have to seek out all the possible options as to why you are having problems and we always suggest that if you don’t do too many short sales then consult a professional. In some cases and the case of in point for this article is sometimes there is a need to speak to HRD just to get the process going. Home Retention manages these prequalifications for workout assistance and it can be beneficial to complete the application with them to get things going.
Related posts:
- Equator.com – Short Sale Nightmares and Dreams Today while searching the web for the next million dollar idea, I again found myself stunned with all of the...
- BAC Home Loans Servicing, LP: Bank of America Short Sale Information: Awaiting Valuation While processing short sales through the Equator system, once known as REOTrans around this time last year, we received a...
- ACG and BAC Home Loans Servicing Lp. connect for BULK Short Sale Processing Starting in 2005, Absolute Consultant Group’s(ACG) counselors sought out to solve mortgage problems no longer from the confines of Countrywide’s Loss Mitigation Department. At that time they...
- Bank of America: What do I need to know about my automatic email status notifications? BAC Home Loans Servicing, LP., or Bank of America, wants you to know what all those auto responders mean. In a recent...
- Bank of America: Understanding BAC Loan Servicing LP’s acceptance of Counter Offer Terms Realtors have told us the better they understand the counter offer process, the more successful they are in closing short...