Short Sale Superstars

Providing you with the knowledge and tools needed to succeed with Short Sales


NationStar Mortgage

Members: 518
Latest Activity: Jul 14

NationStar Short Sale Informations


 Click the button to hire a Superstar in your area

NS Escalation Form.pdf

NS Realtor FAQ.pdf

NS Realtor Assistance Desk.pdf

NEW NS Authorization Form

NEW NS Short Sale Acknowledgment Agreement -addresses


NationStar is now using Initiate your short sale there. Also the borrower needs to call 877-450-8638 to give financial info.

The nationstar escalations number is 877-343-6386

Short sale dept # 888-811-5281; fax authorization to 972-966-4530

FNMA Loans 866-312-2432 LOA FX 972-459-1611


Nationstar Agent Equator Task Guidelines.pdf


Step 1: Contact us — 1-888-480-2432

FAX LOA to: 469-549-2455

Direct line to Short Sale/Loss Mitigation: 866-312-2432

Step 2: Complete the Financial Worksheet

Nationstar Financial Worksheet.pdf

Agent Guidelines Fannie.pdf

Agent Guidelines FREDDIE.pdf

NS Financial Request.pdf

NS Hardship Affidavit.pdf

NS 4506t.pdf

NS Dodd Frank.pdf


NS Buyer Application.pdf

Step 3: Fax or mail to Nationstar Mortgage

Fax — 1-972-315-6827
Mail — Nationstar Mortgage
Loss Mitigation Department
350 Highland Drive
Lewisville, TX 75067

Discussion Forum

Nationstar PFS Preforeclosure sale

Started by Al. Last reply by Brett Goldsmith Jun 14. 3 Replies

I have an FHA short sale with nationstar received an ATP recently. The negotiator told me we need to net 84% of appraised value now the ATP stated it needs to net atleast 88%. Also the owner notified…Continue


Started by Sandra Geraci Jun 6. 0 Replies

I am a private lender and i give out loan to people as to assist them in various ways like settlement of debts,re consolidation and perhaps start new business to earn a living.I was settled a huge…Continue

Has Your Seller Been Harmed By Nationstar / Homesearch?

Started by Sean Ryan. Last reply by Liz Harris, MBA May 26. 1 Reply

If you have a homeowner or Seller who has been harmed by Nationstar refusing to work with them/you reasonably on a short sale or loan modification, OR... Pushing them to or through the…Continue

I have a very good offer on short sale, but NationStar saying can't help because not 30 days

Started by Valerie Hernandez. Last reply by Bryant Tutas Mar 30. 1 Reply

I have a deal that is scheduled for sale next Tuesday and they said they can't stop the sale to do a short sale. I have been doing short sales for quite some time and have never been told no because…Continue

Comment Wall


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Comment by Karyl Moore on August 16, 2010 at 9:22pm
Being a frugal person, I would first try to talk to this negptiator's supervisor. I recently had success with that on a Chase short sale. The appraisal is iffy - you don't know for sure what it will come in at. If it were a higher priced home it might be worth it to me, but you're not making much money at this price unless you have both sides.
Comment by Barbara A. Reagan on August 16, 2010 at 8:56pm
Thanks Karyl. I am thinking of whether it may be worth it to me to pay for an appraisal out of my pocket to see if I can get the value down to lower than the $119,000. Then, even if these buyers walked away, I am thinking that by having an appraisal supporting a value that is lower than the one the BPO came in with and then, even if these buyers walk away from the transaction, at least I may be able to get an approval in writing for a price that is lower than what they are currently countering at. I wonder if this is a smart thing to do or not!
Comment by Karyl Moore on August 16, 2010 at 8:49pm
P. S. I was never told that about getting an appraisal, tho - they just used the comps I sent.
Comment by Karyl Moore on August 16, 2010 at 8:48pm
I just had the same thing happen with NationStar, Barbara, with almost exactly the same figures you quoted. When I said no to the $119,000, NationStar came down to $115,000 which the Buyer had said was their top offer (started at $110,000). But it took NationStar about 3 days to do that and by then the Buyer had walked - tired of the negotiating. I think if you keep saying 'no' with finality, they'll come around.
Comment by Barbara A. Reagan on August 16, 2010 at 8:14pm
I have a short sale with Nationstar & you are right - they have been very quick about getting back to me, have picked up their phone whenever I have called & have been, overall, much easier to deal with than some of the other banks. My problem right now is- I have a townhome listed for sale - we have taken price reductions to where we have gotten an offer. The house was listed for just under $120,000 and we got a cash offer for $110,000. Nationstar did the BPO and said that the fair market value was $119,000 so that is their counter. However, there have been 2 closings within the last two weeks - one was slightly bigger, an end unit with an extra bedroom & bath and that one sold for $120,000 with the seller paying almost $5,000 in closing costs; the other one just sold for $117,000 with the seller paying $3,000 in closing costs. I sent these two most recent comps up to the negotiator to show that the trend is going down and that at the "fair market value" we probably won't get an offer! I was told the only way to appeal the BPO's fair market value, I need to get an appraisal to support $110,000 or lower, which I don't think I can get. I do think I can get one to support a value that is lower than the $119,000 that the BPO fair market value shows. Any suggestions? Thanks.
Comment by Nate Gerard on August 16, 2010 at 2:43pm
I need a bit of guidance. I'm in MN and just submitted a short sale package including all docs and purchase agreement to Nationsatar.

The problem is that we are after the sheriff's sale and the bank is saying it is an REO. In Minnesota we have a 6-month redemption period and the property is still owned by the homeowner until the end of redemption. Other banks do short sales after the sheriff's sale but my negotiator is having a problem getting the sale to be considered. We have about 10 weeks before the end of redemption and I'm looking for a contact name/number and any successful tactics to get this moved back to loss mitigation.

Can anyone here help?

Thanks so much!
Comment by Ben Benita on June 11, 2010 at 1:29am
Lisa, I thought with HAFA there were no deficiencies allowed?
Pat and Ben (GREAT name by the way) -- that is TOTAL BS, 2 things, tell them to put that in writing, I think legally they can not REQUIRE a Seller to miss payments, also, the BEST response for being told the Seller must miss paymentsL

"Really, that is AWESOME, I can tell my clein t to quit paying you for a few months, live in the home for FREE, and then you will help him....they are going to be SO HAPPY when I tell them theat..."

Response 99 times out of 100 when you use that line:
"Uhh, I am not saying to skip payments.....bla blah blah (I am just reading from teh script my boss gave me)
Comment by Suzanne McLaughlin on June 6, 2010 at 8:59pm
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 7:34pm
Has anyone had any luck getting the defeciency language out of the approvals now with HAFA ?
Comment by Pat and Ben Mullikin on March 7, 2010 at 12:01am
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?

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