Short Sale Superstars

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

Information

NationStar Mortgage

Website: http://shortsalebasics.ning.com/Nationstar/
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 auction.com.pdf

 

NationStar is now using equator.com. 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

shortsalesupport@nationstarmail.com

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

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

https://www.nationstarmtg.com/CustomerCenter/BestOption.aspx

 

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

ALL BUYERS MUST COMPLETE:

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

PRIVATE MONEY LENDING

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

Comment

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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?
Comment by Deb Orth on February 22, 2010 at 3:43pm
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 9:20am
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 9:15pm
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 8:06am
Another note: these were Fannie Mae loans.
Comment by Clayton Bonjean on January 15, 2010 at 8:04am
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 12:07pm
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!!!!
 

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