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Permalink Reply by Michael Schneider on February 18, 2012 at 5:17am

Done one deal with Carrington Mortgage, about a year ago. They are the Servicer for the underlying hedge funds, I think.  Just one deal, of course.   In my case, I think they purchased a deeply discounted portfolio from Citibank.  They simply wanted to liquidate on good terms.  My negotiator was wonderful to deal with.  The seller has a good experience, fair and reasonable.

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Permalink Reply by Smitty on February 18, 2012 at 7:19am

I've done one Carrington too.  Not sure why there aren't a lot of Carrington loans out my way, but the deal got approved.  Not the BEST negotiator by any means, but I can tell you they were generous with closing costs which helped the FHA buyer out tremendously.

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Permalink Reply by Kimberley Kelly on February 20, 2012 at 4:38am

thank you both for your responses..

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Permalink Reply by Brent Innocenzi on February 20, 2012 at 6:46am

Negotiator named Victor was very difficult to deal with. He demanded $10k + over the appraised value. One escalation to the top and file was approved same day for the appraised value, not the ridiculous $10k+ . So not too bad to work with them.

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Permalink Reply by Kimberley Kelly on February 21, 2012 at 3:48am

I'll keep you posted if it's tough.  Good to know..thanks!

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Permalink Reply by Kimberley Kelly on February 21, 2012 at 3:48am

Thank you!  Good info.

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