Information

NationStar Mortgage

Website: http://shortsalebasics.ning.com/Nationstar/
Members: 497
Latest Activity: Aug 24

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

Management Contacts at Nationstar?

Started by Kelly. Last reply by ElizabethWeintraub00697006LyonRE Aug 12. 2 Replies

Help!! I'm a buyer agent on a SS with Nationstar. Purchase price was $359,000. The house needed extensive stucco repair ($17,000 worth), so buyers had to do a conventional rehab loan. Appraisal came…Continue

Bankruptcy

Started by Mary Ferris. Last reply by Tony Morales Jun 19. 4 Replies

Almost ready to go an Homesearch.com , have a good buyer, and owners just filed for Bankruptcy.I asked Attorney to keep the house out of the bankruptcy , but said without the house they would not…Continue

Need Advice, FC Sale Scheduled May 21!

Started by Sharon Burgos. Last reply by Ben Benita May 6. 12 Replies

Hello all, I'm hoping someone here can give me some insight into Nationstar's process and how I can stop the scheduled foreclosure sale.  I have a situation very similar to another one here...Spanish…Continue

Nationstar grabs the auction business from Auction.com with Homesearch.com

Started by Sean Ryan. Last reply by Brenda Houghton May 4. 10 Replies

You may have noticed that Nationstar has kicked its business partner Auction.com to the curb, in favor of scooping that 5% no-expenses free revenue to its newly minted in-house subsidiary,…Continue

Comment Wall

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Comment by Helena Kaucheck on June 26, 2015 at 7:25pm

I have a Short Sale with NS since 4/15.  60 days after initiation, we were told that it would go auction.  We completed the process, no winning bids.  We lost the buyer.  Advised NS, told by NS no problem, they'll soft decline and have us submit new offer. This was all on Equator email.  Received request for updated info along with new HUD1 and POF. Sent.  Got Submit Short Sale task. Completed.  Then 3 days later, received curt email from new negotiator stating the file has been moved to auction.  I asked why since we went through that and we had told NS that the buyer walked.  They said that ANY new offers will have to go through auction.  This was NEVER disclosed.  We also had our submit offer task rejected after we input because it appears NS "made a mistake".  Now I'm getting Marketing task which makes no sense.  Any any help or advice is appreciated on how to escalate this situation and possibly pull the file out of NS as it was for 2 weeks after loss of first buyer and entry of new buyer offer.  TIA

Comment by Lori Young on March 26, 2015 at 9:00am

In urgent need on a senior manager for escalation.  Ive had my file go to "auction" with no real activity.  They suggested the buyer bid against himself.  Buyer walked of course after waiting six months of no activity then "auction mandated"  Now new offer and they want us to do it again.  Im beyond pissed!  naplesagent@yahoo.com if you can share any senior managers email addresses.  Thank you.

Comment by Mike Horton on December 16, 2014 at 6:12pm

I have just gone through the homesearch.com auction process as the listing agent. A buyer's bid was accepted. Right after the contracts were signed I sent the buyer the SS affidvate Nationstar requires him to sign. When following up this week to get the signed copy back he identified himself as a real estate agent. Will Nationstar pay him a commission?

Comment by Wendy Rulnick on November 14, 2014 at 9:09am

Does anyone have "declining loan mod" template for Nationstar? Email me at itswendy@rulnickrealty.com

Comment by Alexia Clemens on October 9, 2014 at 8:22pm

I may have a number that could help...can you private message me?

Comment by Esperanza on October 9, 2014 at 5:58pm

The worksheet is not going to do it, do you guys have any contacts from Nationstar I could possibly escalate this file, our Approval Letter expires tomorrow. We requested an extension 2 weeks ago and now this will be the 2nd time. I know the bank never breaks down approval letters, I've done several short sales and  normally a copy of the HUDs do it. Now this is getting out of hand. I need to escalate this and hopefully someone can make an exception in revising the approval letter.

Comment by Brian Avery on October 9, 2014 at 5:26pm

They are owed $200k and doing the seller a favor by giving them a partial lien release so they do not get foreclosed. If you were owed $200k by the seller would you allow a partial lien release? 

Comment by Esperanza on October 9, 2014 at 5:22pm

Nationstar has just messaged me their worksheet and hopefully that will work! This has been a stress all week! I don't understand how the IRS thinks they can dictate anything they want?!?

Comment by Brian Avery on October 9, 2014 at 5:12pm

The IRS will only allow 3K relocation.  If they get more than 3k it needs to go to the IRS or be used to payoff other liens. That will be your biggest issue. You probably can use the worksheet nationstar give you to show the IRS the breakdown.  

Comment by Esperanza on October 9, 2014 at 5:03pm

The packet that I sent to the IRS for the lien release requested several forms with those docs and I did provide all that. What they are not accepting is the approval letter in the section where it shows "Allowable closing costs" They want it all broken down. They are OK with the commission, the seller's concession, but with the amount in the "total other closing costs and negotiated subordinate lien release" they want to know where each cent it going to, which is provided in the approved HUDs form the bank, but that is not enough. they want a revised approval letter with those corrections. Our sellers were approved for more than 3k for relocation assistant and the IRS is not accepting our sellers to get more than 3k for relocation assistance?

 

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