Information

BB&T Short Sales

This group is for information, tips and solutions for BB&T Short Sales.

Members: 102
Latest Activity: Feb 23, 2017

short Sale Information For BB&T

Click the button to hire a Short Sale Agent Superstar in your area

 
BB&T 1-800-827-3722 option 6 for Short Sale


Third Party LOA Fax 1-888-827-9863

Short Sale Fax 1-252-293-9058

BB&T Short Sale Package

BB&T Arms Length
Email First [email protected]
example [email protected]

BB&T approval letter, junior lien, without forgiveness BBT approval.pdf

Email Moderator with corrections or additional contact, short sale info to update group.

Discussion Forum

Special LOA?

Started by Guerry Clegg. Last reply by Chad Gelsinger May 9, 2016. 1 Reply

Getting Ready to List A Home w/BBT First & Second

Started by Barbara A. Reagan Dec 14, 2012. 0 Replies

HELP!!

Started by Cathryn Pizarro Sep 21, 2012. 0 Replies

Comment Wall

Comment

You need to be a member of BB&T Short Sales to add comments!

Comment by Wendy Rulnick on May 30, 2012 at 9:30am

Starting a BB&T VA Compromise Sale in Crestview Florida.

Comment by Julian Jahoo CDPE, SFR, ABR on May 4, 2012 at 6:15pm

Just closed a BBandT file today in Bahama NC it had 3 liens all with BBandT.

This was a challenge but we were able to increase the purchase price to absorb the promissory note.

Comment by Wendy Rulnick on January 30, 2012 at 8:30am

Thank you, Brenda! I will add this to the group!

Comment by Brenda L Wood on January 30, 2012 at 8:25am

Here's package that was sent to my client in November.  Good luck!

BB%26T%20Loss%20Mit%20Pkg.pdf

Comment by Wendy Rulnick on January 30, 2012 at 8:03am

Does anyone have an official BB&T package?

Comment by Julian Jahoo CDPE, SFR, ABR on January 28, 2012 at 9:41am

Just wanted to let you all know we had an approval with BB&T yesterday..It was a 1st, 2nd and 3rd all negotiated with different departments.

We were able to raise the buyers offer to help cover the 3rd lien. The process took around 8 weeks and BB&T were very helpful!

We will move forward with closing!

 

Comment by Brenda L Wood on January 12, 2012 at 7:12am

Just wanted to comment that I received short sale approval yesterday on an FNMA loan that was submitted Nov. 11th - two months exactly.  Seller getting moving incentive.  Interesting that the bank would not allow deed preparation/attorney fee on the HUD. No other hassles and the negotiator was responsive!

Comment by Jody Hoffman on January 5, 2012 at 10:21am

I hope I'm not repeating a question in here that's already answered, but I don't have time to read all of the posts.

My Seller has high BPO.  Apparently, Freddie Mac doesn't even do drive-by's.  They go according to comps.  The listing is in an affluent residential/business district, however this particular condo is NOT ever going to fetch the price the bank has in its head.  I have 2 questions:

1.  Is it true that Freddie Mac will consider lowering it's expectations if it has an appraisal from an FHA Certified Appraiser?

2.  Is it possible to get Freddie Mac to drop all of their additional charges to the loan such as; accrued interest, late charges, escrow advance charges, fees, etc.?

With the added fees, etc., we are looking at a loan satisfaction equaling $137,000 as opposed to $113,000.  Any suggestions?

Thank you,

Jody

Comment by tim rogers on December 20, 2011 at 7:50am

looking for info on helping a seller with their primary who has bbandt originated 1st and 2nd

freddie owns the 1st,

both are all acquisition debt, both are current, home is under water, seller is getting new job out of state - how to get 2nd release with least pain and what are credit consequences moving forward ?

thanks

Comment by Kari A. Battaglia on October 24, 2011 at 11:31am

Below link to BBT Short Sale Application that I picked up from BBT Branch in Venice FL.  They did not want to give us copy at first only to homeowner but here it is.

 

BBT%20Short%20Sale%20Application.pdf

 

Members (102)

 
 
 

Members

© 2020   Created by Brett Goldsmith.   Powered by

Badges  |  Report an Issue  |  Terms of Service

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