Comment

Comment by Suzanne McLaughlin on June 6, 2010 at 1:59pm

I did a cash for keys offer with NationStar. However, the homeowner didn't want to move within the timeframe and lost out...It was right before Christmas...nice.

Comment by Lisa Dorsey on June 6, 2010 at 12:34pm

Has anyone had any luck getting the defeciency language out of the approvals now with HAFA ?

Comment by Pat and Ben Mullikin on March 6, 2010 at 6:01pm

I was told by someone at NationStar in loss mitigation that my client's loan was a Fannie Mae loan and he had to be at least 30 days delinquent before they would consider a short sale. (He's not and doesn't want to be) Does anyone know if Nation Star will require an attempt at a loan mod befor approving a ss?

Comment by Deb Orth on February 22, 2010 at 9:43am

One of my colleagues called me this afternoon wondering if I had heard of Nationstar's Cash for Keys program. I said it was probably a deed -in-lieu. Have any of you heard about it and if so, what is your experience?

Deb Orth

Comment by Clayton Bonjean on February 20, 2010 at 3:20am

Suzanne,

They have been fantastic, I have had 2 approvals from Nationstar. They answer their phone almost everytime, they pay 6%, and they are nice. I have one more left with them and I am just awaiting an offer. They did not ask for a cash contribution but would not waive the right to a deficiency.

Comment by Suzanne McLaughlin on February 2, 2010 at 3:15pm

Clayton, has the approval been completed? Are they asking for a commisison reduction. Do they need money from the buyer?

Comment by Clayton Bonjean on January 15, 2010 at 2:06am

Another note: these were Fannie Mae loans.

Comment by Clayton Bonjean on January 15, 2010 at 2:04am

Just received another Nationstar approval. Very important: Expect language allowing for a future deficiency judgement in the approval letter. Just like BofA. The negotiator said it could not be removed. They did not require a cash contribution or a prom. note but the language is there allowing future collections.

Comment by Suzanne McLaughlin on December 29, 2009 at 6:07am

They are easy and fast to work with...right until the end. The investor always seems to be the snag...and watch your commission like a hawk. Don't end up the sad and pitiful mess I was at closing. Six months babysitting the house and they cut my commission in half. It was even enough to reimburse me for the cash for keys and all the marketing reports I did let alone all the negotiations on three offers all of which were denied except the last and then they made the buyer wait three months to the day of her offer to close. And, kept upping the price on her. Unfortunately, she was in love with the property and kept giving them more and more money....until the appraisal came in very low...and it was their guy because they were the lender to the buyer. Oh my!!!!

Comment by Susan Phelps on December 29, 2009 at 2:10am

I also have found Nationstar easy and fast but it seems that the investor could be a problem. I have a short sale in Minnesota with a 3 month old appraisal for $690K. This is well below market value, proven by comps, and provided to Nationstar with another offer (after the first one was denied). They stated that the appraisal was $690K, they did a review and it came back at $700K. It seems that they will not do another appraisal and will not consider an offer less than market value (per the investor). We know what is happening to this house, vacant, winter, declining market value. Anyone have any suggestions or a contact that might listen?

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