I have a listing with 2 liens (Nationstar ($78K & GMAC $30K). Since I knew the offer was coming in, I called Nationstar & GMAC to give them an update. Nationstar is set foreclosure date on 1/1/2013. They have informed me that since sales price covers the their lien they will not do a short sale. GMAC wants to look at the contract before making a decision. All they want from me is the contract & listing agreement & HUD statement. Which I will do on Monday. How likely will they accept the short sale? Any advice what else I need to do to push this short sale thru?

Views: 42

Reply to This

Replies to This Discussion

Taz,


        With the 1st getting paid off in full how much is the 2nd getting as a payoff? Depending on the release they are getting will determine whether they approve the short sale on their end or not.

310-564-6389

www.ishortsalenow.com

[email protected]

I am in the process of getting pay off from both lenders now.  Thank you Brian & Brett.

RSS

Members

© 2024   Created by Short Sale Superstars LLC.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************