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E*Trade Short Sales

E*Trade short sales are handled by PNC's CLC Consumer Service Loans division.

Members: 15
Latest Activity: Feb 23

E*Trade (ETrade) Short Sales are handled by PNC's short sale division, CLC.


Call 440-546-6236 

Fax Short Sale package to 855-469-6447

Email format firstname.lastname@PNC.com

E*Trade Short Sale Package

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Comment by Brett Goldsmith on March 13, 2015 at 4:05pm

Work with the mortgage servicer. Investor is worth reaching out to, but there is a good chance they won't be able to assist.

brett@ishortsalenow.com

310-564-6389

www.ishortsalenow.com

Comment by Amy on March 13, 2015 at 2:27pm

Have a 2nd lien with E Trade as investor and is serviced by Ocwen. E Trade wanted full amount to satisfy. Can I deal directly with Etrade or I have to deal with the servicer which is Ocwen?

Comment by Lisa D Arnold on April 8, 2013 at 1:30pm

Quick question...I'm working with DTS on a BAC 1st lien, and they want me to start the 2nd lien short sale ASAP.  E*Trade through CLC is second.  I have the short sale package and am putting everything together, but we don't have an offer yet.  Can I start the process with CLC before we have an offer, or do I have to wait until I have an offer in hand to submit everything? 

Comment by Mark Smith on January 30, 2013 at 2:13pm

find out if ETRADE is in liquidations (collections).  they will want more if that is the case.  They are horrible to work with.  They wanted 23% 8,700 of the loan balance and the first allowed 10% (4K) and no more.  deal is now probably going to sale.  Originally wanted 11K for no deficiency but would settle for 8,700 for a full release.  will not settle for the normal 10%.

Comment by stephanie vogt on January 24, 2013 at 8:59pm

HI Guys.. any input would be great.. i am in CA and i have a short sale listing coming up .. BofA first and Etrade/PNC 2nd (250,000) I am hearing BofA is not giving out more than 8500 to the jr. lienholder.  From what i gather Etrade will want more and not waive deficiency but in CA any jr. lienholder that issues a short sale approval letter has to waive a deficency judgement.. just  trying to figure out if this short sale can close or will i have a problem with etrade ?

Comment by Jen Hill on January 18, 2013 at 2:02pm

Hi Mark, I just started a short sale with E*trade as 1st and 2nd (GMAC is handling 1st and PNC is handling 2nd through CLC.  In my limited experience dealing with E*Trade, if they hold the 2nd they usually require a minimum of $5k to release the loan only.  They will NOT waive deficiency and usually require the seller to make a cash contribution.  Hoping that doesn't happen this time around.  Ugh. Good luck!

Comment by Mark Smith on January 14, 2013 at 4:36pm

How is it going with ETRADE?  I have a second with ETRADE and GMAC is their servicer.  2nd Loan is in liquidation, the first (one west) has offered 4K (10%) and GMAC states they need at least 8500 to release the lien and 11k for no deficiency.   Any thoughts?

 

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