Fannie Mae requires shorter short sale Timelines - Short Sale Superstars2024-03-29T08:31:59Zhttp://shortsalesuperstars.com/forum/topics/fannie-mae-requires-shorter-short-sale-timelines?feed=yes&xn_auth=noBan,
in my experience letting…tag:shortsalesuperstars.com,2012-04-28:3468065:Comment:2311802012-04-28T23:28:45.084ZJim Schneiderhttp://shortsalesuperstars.com/profile/JimSchneider
<p>Ban,</p>
<p>in my experience letting the investors know when a specific servicer requirement has been violated is the best way to keep them accountable.</p>
<p> </p>
<p>Until now there wasn't much of a investor required timeline, and when there's no guideline that's been crossed there is a tendancy to say, well we hired the servicer to service so they must be doing their jobs.</p>
<p> </p>
<p>Hopefully these guidelines will give us the ability to get the investors to kick the servicers in…</p>
<p>Ban,</p>
<p>in my experience letting the investors know when a specific servicer requirement has been violated is the best way to keep them accountable.</p>
<p> </p>
<p>Until now there wasn't much of a investor required timeline, and when there's no guideline that's been crossed there is a tendancy to say, well we hired the servicer to service so they must be doing their jobs.</p>
<p> </p>
<p>Hopefully these guidelines will give us the ability to get the investors to kick the servicers in the butts on making short sales a speedier process.</p> Does anyone believe the "serv…tag:shortsalesuperstars.com,2012-04-28:3468065:Comment:2308552012-04-28T19:13:58.766ZBan KKillerhttp://shortsalesuperstars.com/profile/BanKKiller
<p>Does anyone believe the "servicers", aka debt collectors, will respond promptly when it is NOT in their best interest? As we all should know the "servicers" make more money when a loan is delinquent so they have a vested interest in keeping the process going as long as possible. Also this gives them time to add more "fees", inspections, notifications,etc., that they know will be paid by the trust that is the beneficial owner. Usually.</p>
<p></p>
<p>Does anyone believe the "servicers", aka debt collectors, will respond promptly when it is NOT in their best interest? As we all should know the "servicers" make more money when a loan is delinquent so they have a vested interest in keeping the process going as long as possible. Also this gives them time to add more "fees", inspections, notifications,etc., that they know will be paid by the trust that is the beneficial owner. Usually.</p>
<p></p>