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.
WHAT IN THE WORLD!!
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.
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.