Does anyone have any experience with Merrill Lynch and Short Sales? On this particular loan PHH Mortgage is servicing the loan for Merrill.  Any comments would be appreciated.

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Elise, I have the same situation right now. Merrill Lynch/PPH Mortgage and just got an offer in on the short sale property. I haven't worked with this lender before so let me know if you want to share information.
You guys start a Merryl Lynch group if you haven't already. That way we will all have access to the info if we need it in the future.
Yes, I think it will be great.. I just found this site over the weekend so I am still getting my feet wet on how to use it. :)

Bryant Tutas said:
You guys start a Merryl Lynch group if you haven't already. That way we will all have access to the info if we need it in the future.
Hi Elise,
By any chance could you update us on it is going with Merril Lynch/PHH? I have a short sale with the same situation and I have not worked with this bank yet.... Please let us know how it is going.

Katie,Minnesota
Katie

I don't even have an offer on the property yet.. right now they just want an offer before they can proceed. I may try to submit this thru Fannie Mae HAFA program but they still don't know what is going on, even tho this should be up and running by Aug. 1st. I will keep everyone posted.

Elise

katie hammond said:
Hi Elise,
By any chance could you update us on it is going with Merril Lynch/PHH? I have a short sale with the same situation and I have not worked with this bank yet.... Please let us know how it is going.

Katie,Minnesota
Our offer was submitted to PHH last week (1st and 2nd) so now we will see how it goes. What price point is your home? Mine is in the 750K to 1M range.

Hi Guys,

 

I was wondering how your short sales turned out with Merrill Lynch.

It was a pretty good transaction. We closed in December after our first offer fell thru. They took care of the subsequent offer rather quickly. No complaints on my end.

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