Mr. Cooper
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NationStar Short Sale Informations
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Discussion Forum
Messy Foreclosure defense. 4 liens on property!
Started by Russ Trinidad. Last reply by Russ Trinidad Dec 5, 2018. 9 Replies 0 Likes
My client (Seller) originally bought a home with a 1st and 2nd mortgage with CMG Financial in 2006. The mortgage started slipping away from him so he entered a foreclosure defense agreement with an…Continue
AUCTION after executed contract???? to 2 veterans????
Started by Wanda martinez. Last reply by Donte Tribble Apr 5, 2018. 8 Replies 0 Likes
We want to escalated this from Nationstar.... We have an executed contract for 4 months ..... NOW, Nationstar wants to start an AUCTION.... the seller is a veteran with a hardship and the buyer is a…Continue
FHA Denial for Surplus of Income
Started by Shawn Lowery. Last reply by Minna Reid Oct 11, 2017. 3 Replies 0 Likes
Nationstar, FHA loan, mortgagor denied short sale eligibility and instead offered forbearance. Here is message from loan rep:At this time the home owner is not eligible to participate in the short…Continue
Nationstart will not accept to start a short sale
Started by Elvira Quiray. Last reply by Ben Benita Apr 26, 2017. 1 Reply 1 Like
Hi All,I need your comments on this situation I have. The sheriff sale date is in a week. I have called Nationstar and they will not accept the short sale because the sheriff sale is too close. Just…Continue
Comment Wall
Comment
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Comment by Linda Solomon on September 11, 2012 at 6:33am
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Thank you so much. I will follow up with them on it
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Comment by Albert Clark on September 11, 2012 at 5:19am
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That is how I've seen their approval letters with deficiency language verbatim.
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@ Albert,
We received a Short Sale approval letter but there was no mention of the deficiencey except as it relates to possible tax consequences. I am concerned beause there is no specific deficiency waiver in the approval letter.
As far as filing a withdrawal notice is that something I should do?
and 2, the waiver clause with promissary note, is that something I should request from NationStar?
Thank you so much! This is my first with them so I am very fuzzy
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@ Linda:
file a withdrawal of the Notice
waive any remaining deficiency balance in consideration for all borrowers executing the attached promissory note. No Funds are to be Released to the Borrower.
The attached Promissory Note in the amount of $0.00 will need to be executed. The original signed Promissory Note must be forwarded with the net proceeds along with a copy of the final settlement statement.
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Does any one have a sample approval from NAtionStar wwith difficiency release language? If so could you please share the sample with the private info redacted...Thanks!
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Comment by Wayne Brooks on September 10, 2012 at 1:24am
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Thanks Kevin. I meant other than HAFA, since I don't know the investor on these loans yet.
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Comment by Kevin - Greenville, SC on September 9, 2012 at 5:11pm
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Wayne,
Nationstar is a HAFA participant.
https://www.nationstarmtg.com/Content/documents/NSMHAFAEligibilityM...
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Comment by Cami Pinsak on September 8, 2012 at 7:46am
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Unfortunately, Nationstar doesn't do anything....fast, that is...They are the absolute worst right now.
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Hey guys, does Nationstar do any type pf "preapproved", as to price shortsale, or just the traditional route? I have a homeowner who got the offer/request letter to do a shortsale, with up to $7,500 relo money.
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Comment by Linda Hilliard on September 7, 2012 at 7:50am
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It does not do anygood to call. All they tell you is they will get to it, that they are really busy. I went almost a month without any correspondence of any type, sending any where from 2 to 4 emails a day, and calling every day. When I finally got a reponse, they are once again asking for all the same info they have already received. Make sure everything you submit has WET signatures. They will hold on to the file only to come back as this is one of the items that they are requesting.
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