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HFC-Beneficial

This group is for information, tips and solutions for HFC/Beneficial Short Sales

Members: 91
Latest Activity: Feb 23, 2017

HFC-Beneficial Short Sale Information

 

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1-909-397-3190 ~ HSBC/Beneficial REO Department - Use it for General Information, you're also able to find the state specific REO agent through this list.

1-800-365-6730 ~ HSBC/Beneficial Short Sale Department - This is for General Info as well. Since their system is so automated and will not allow you to pass without an account number, the best thing to do is nothing...after a few minutes of no response it will automatically forward you to a live human.

These numbers may work as well:

Short sale dept: 1-800-547-8749. Fax offer to: 866-860-8826.

Discussion Forum

Beneficial - FHA - No Release in Approval letter?

Started by Wendy Smith Aug 10, 2015. 0 Replies

hi all,my understanding is that a FHA short sale 'automatically' included a waiver of deficiency liability but the approval letter makes no mention of any waiver, just a release of lien.  Do all FHA…Continue

commission

Started by Bill Iannelli May 21, 2013. 0 Replies

Beware they will only pay 5% total commission.  If you are dual agent they only pay 4%.  Here is big problem, licensed agent is purchasing house and HFC will not pay him a commission if he purchases.…Continue

Beneficial

Started by Tony and Robin Pickett May 16, 2013. 0 Replies

SItuation is: homeowner's bankruptcy has been discharged including both a Chase 1st and Beneficial 2nd.  Chase has approved a short sale (traditional) with $20k incentive to seller and $3k going to…Continue

Help fighting overvaluation

Started by Nancy Green Jan 7, 2013. 0 Replies

Need help. HSBC not budging from an erroneous BPO now 5 months old. Will not order new BPO, forcing foreclosure on consumer. The overvaluation is beyond reasonable, sent in QWR letter in hopes of…Continue

Tags: forcing, foreclosure, HSBC, valuation, over

Comment Wall

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Comment by Laura Marshall on January 19, 2011 at 6:03am
My experience with HFC/HSBC has been the same as the others. 5% commission - but....FAST. I sent the est HUD, offer, pre-qual on 1/4. The BPO was ordered quickly and I recieved the approval yesterday 1/18. The seller has a 1st & 2nd with HFC/HSBC. No defiency - no contribution or note. The communication was great & easy.
Comment by Pam Graham on November 1, 2010 at 9:25am
I can deal with 5% too, it's the 4% or 3% that bugs me more! :)
Comment by Karyl Moore on November 1, 2010 at 9:23am
I onl; got 5% too but they were so fast and easy I didn't care. I'd rather get 5% after a month than 6% after 7 months.
Comment by Pam Graham on November 1, 2010 at 9:05am
Has anyone had any luck getting more than 5% commission? They have also told me before if it's the same company, it's reduced to 4%, same agent on both sides, it's 3%.
Comment by Tracy Santrock on August 18, 2010 at 1:57am
I closed on my HFC Short Sale two weeks back. 1st and 2nd w/HFC. Once the negotiator was signed we closed quickly :)
Comment by Bryant Tutas on August 4, 2010 at 12:22pm
Thanks Karyl. I'm going to add these numbers to the group info.
Comment by Karyl Moore on August 4, 2010 at 8:43am
P.S. I have different phone numbers than those above. Short sale dept: 1-800-547-8749. Fax offer to: 866-860-8826.
Comment by Karyl Moore on August 4, 2010 at 8:40am
I sent in an offer on July 27 (just the offer, HUD and authorization). Got the approval letter today, August 4! They waived the deficiency. Reduced commission to 5% but with such a fast approval, I don't care. Wish they were all like this!
Comment by Jean Beymer on March 15, 2010 at 3:28pm
I just completed a short sale with them in Jan 2010. That was all they required.
No deficiencies on either loan. My file was submitted complete with photo's of problems. BPO was ordered right away. It was smooth transaction.
Comment by alisa hagner on January 6, 2010 at 6:11am
I was able to get to customer service using 800-365-0175
 

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