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Link for Short Sale Package info
***NOTE: a number of our members state HSBC will only pay ***5%***. If anyone has information to the contrary, contact group founders.
Loan Mod Dept.
Tel. 877-415-4327
BK Dept
866.824.0824, ext 46372 (closes 4p Eastern, Florida)
Short Sale Dept (4pm, central time)
800.348.4712, opt 2
Fax: 888.629.8590
Fax Authorization: 866-860-8826 (generic authorization acceptable)
Special Number for accounts that were sent to outside agencies, call 1-800-756-1604 then press option 2 for agency accounts
HSBC only requires preliminary HUD, contract and either Letter of Authorization or Listing Agreement to begin the short sale process.
Started by Terri Wise Jul 13, 2016. 0 Replies 0 Likes
I have a short sale that we were just waiting for an approval extension that was sold to Caliber. The extension was already approved. Does this mean that we have to start all over? It has been a week…Continue
Started by Deb Orth May 28, 2016. 0 Replies 0 Likes
What commission, if any, will HSBC pay to buyer's agent who is also the buyer through his LLC?Continue
Started by Liz Harris, MBA. Last reply by Mike Aubele Apr 21, 2014. 3 Replies 0 Likes
Would anyone happen to have a contact at HSBC? Home needs $40k in work but the BPO came in at full price... foreclosure date is approaching rapidly.Continue
Started by Juan Reyes. Last reply by TOP END Properties Mar 13, 2014. 2 Replies 0 Likes
Does anyone have an escalation contact at HSBC.I have a deal where the 1st lien has approved the short sale and is giving HSBC $1,500. The balance owed to HSBC is $38K and the person I spoke to…Continue
Comment
Hey Krystal. They are very easy to work with. Just call your contact, let them know buyer's walked but you are sending them a new contract and hud-1. You should not have to start over. Good luck. Justin
Does anyone know if HSBC will replace a buyer that walked with a new one? I know some banks have a smooth process of doing so, some won't let you and you have to start over... What's your experience with HSBC doing this? We were literally an addendum away from approval and the buyers walked.... Any info is appreciated. Thanks :)
http://investing.businessweek.com/research/stocks/people/people.asp...
HBC is the stock symbol. These are the officers. My negotiator used @us.hsbc.com. Good luck.
I called 800-365-6730
and had no trouble getting to a live person.
I am told by a very nice lady at the HSBC short sale office that their fax number is 866-860-8826.
She says all they need for a short sale is:
Letter of authorization
preliminary HUD1
copy of listing
copy of sale agreement
proof of buyer funds
....with loan number and seller's last four of SSN on each page.
I questioned the absence of seller hardship info on that list. She said they did not need it.
She says they will take 2-4 weeks.
They will expedite if a sale is looming - but they can't do the impossible if you are submitting at the last minute.
They will delay an auction date if the numbers look right.
I asked if sale submitted by May 1 could forestall a May 19 auction date. She basically said it would be tight but possible.
We'll see what happens.
The first 800 number listed above for HSBC is incorrect.
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