Pages Menu
TwitterRssFacebook
Categories Menu

Posted by on Apr 1, 2013 in Bank Specifics | 0 comments

Bank Of America Short Sale Process

Bank Of America Short Sale Process

Bank Of America Short Sale Process

bankofamericashortsaleWe’ve talked a lot about the Bank of America Short Sale process over the years, but they continue to be slowing improving their processes, almost to the point of being the preferred lender to do a short sale with.  Unfortunately, that distinction won’t help them a ton but will help home owners get over their fear of the short sale process.  They recently made a few changes to their process.

One of the biggest problems with short sales is that the home buyer tends to get antsy and decides to buy something different.  This usually causes the short sale “processor” to have to start over.

Read More

Posted by on Feb 28, 2011 in Bank Specifics, Short Sales, SPS | 0 comments

SPS Select Portfolio Servicing Short Sale

SPS Select Portfolio Servicing Short Sale

Select Portolio Servicing Short Sales are amazing for those that are interested in not missing a payment and having their short sale approved.  This company was agile enough to follow the guidelines and let us manuever to maximize their GAIN too.  What most people don’t get is this is a real battle with the bank as you (the short sale client) try to mitigate your loss  you are increasing theirs!

SPS understood the net to the seller and the net to bank and followed HAFA to the “t.”  This isn’t much help to you if you have another servicer, but if you have SPS we want to help you!

Read More

Posted by on Dec 28, 2010 in Bank Specifics, EMC, Short Sales | 0 comments

EMC Short Sale Update (Chase)

EMC Short Sale Update (Chase)

For all of 2009 we were proclaiming Wells Fargo and Citi to be the best in terms of short sale negotiation time. However, EMC Mortgage has been by far the easiest most rational bank to deal with. They have recently joined with Chase and even Chase’s files are moving faster. EMC is now our preferred lender of choice to deal with. Of course we don’t get to choose who to help and we don’t pick and choose. EMC files move faster and seem less incumbered than other lenders.

Read More

Posted by on Dec 27, 2010 in Bank Specifics, Short Sales, Suntrust | 0 comments

Suntrust Negotiation Story

Suntrust Negotiation Story

We recently heard from a Suntrust Negotiator that you must be behind on payments in order to qualify for a short sale.  In addition, the suntrust negotiator put me on hold to double check and I had to listen to Suntrust hold music that stated the exact opposite.  This is just one of the many frustrating examples of dealing with short sales.

If you or someone one you know that is facing foreclosure, please don’t let it happen, help us help you avoid foreclosure.

Read More