Nation-Star SS process
I am about to take a listing for a short sale with Nation-Star as the first lien holder. NS told my client that he had to miss 3 mortgage payments to qualify for the short sale; is this accurate? I thought that most servicers did away with this requirement. Any guidance would be helpful.
Replies to This Discussion
-
Permalink Reply by ElizabethWeintraub00697006LyonRE on
-
Your seller is most likely talking to some yo-yo who happens to answer the phone over at Nationstar. For one thing, I highly doubt the call center clerk has access to the investor information, which would layout the requirements for a short sale. For another, most late payments are noted at the 30-day mark past due and some are at 60-days, which also can happen while you're under contract. But that's the least of your worries . . .
-
© 2024 Created by Short Sale Superstars LLC.
Powered by
**********************************
like buttons