In process of doing a short sale with Washington Federal. I was told today by two separate people at the bank that they do not do short sales and just take home back in foreclosure. Has anyone dealt with Washington Federal?
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Washington Federal, like all "servicers", aka debt collectors, does not even know who the owner of the mortgage note is. They are supposed to follow the Pooling and Servicing agreement that they signed with whichever trust the mortgage note went into. When dealing with these debt collectors it is best to copy all correspondence to the proper authority for your state. This usually helps as they only operate fairly when they are forced to. At least this way you might get their attention. I have never read a Prospectus or Pooling and Servicing agreement that did not allow for short sales or loan mods. The "servicers" are lazy and they make more money when the loan stays in default and eventually forecloses. The "servicers" are not here to help ANYONE AT ANYTIME. Once you get that you will see that you have to use the biggest stick with these crooks.
Please remember that this site is about helping each other with short sales. Every comment you have left thus far is redundant and does nothing to help.The comments are nothing more than lender bashing. Please refrain from leaving these types of comments. OK?
Bryant Tutas
Co-founder
Short Sale Superstars.
I'm going to call them on Monday as I have a client that has a First Mutual Bank loan and is interested in doing a short sale.
Did you have any luck getting yours to go through?
Dear Chris,
We will consider short sales. To get started, our mutual client should contact their neighborhood branch. Our branch manager can begin the process and do the initial evaluation.
Best regards,
Cathy Cooper
Marketing Communications
Washington Federal
Office: 206-777-8246
Wow! Chris, thank you for the info. You wouldn't believe that I literally just spoke to a distressed seller and googled to see if Washington Federal did short sales and there you were just five hours ago. Excellent! Thank you!