Hello Everyone!

Have any of you ever experienced negotiating a short sale with Nasa Federal Credit Union?

I have a file where they are not willing to accept HUD guidelines (and of course they do not have to accept them) and want $6,000. But they told me over the phone if they accept the short sale the client would still be required to pay a deficiency amount. 


Have any of you encountered this a Nasa Federal Credit Union file and do you have any pointers on how to handle them in a short sale. 

Thank you.

Views: 156

Reply to This

Replies to This Discussion

Credit Unions unfortunately do this at times. You mentioned HUD guidelines. Is the 1st a FHA loan? If not, what type of loan is the 1st and how much is being offered to the 2nd?

[email protected]



The 1st is an FHA loan and we are attempting to offer the second the $1500, but the point of contact states they will not excuse a full deficiency and any client that has a short sale will eventually end up having to pay a deficiency amount. And they will not accept the short sale if the client cannot pay the $4500. 

I've worked with Navy Federal recently and they were fine on a Freddie Mac.



© 2020   Created by Brett Goldsmith.   Powered by

Badges  |  Report an Issue  |  Terms of Service

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