Click the button to hire a Short Sale Agent Superstar in your area
NFCU General Customer Service - 800-368-3657 - Must have member account number
Mortgage Collections Dept.
Fax: #703-255-7947
Phone: #800-258-5948
Short Sale FAX (703) 255-7947
Letter of Authorization Fa 703-255-7947
P.O. Box 23800
Merrifield, VA 22119-3300
PACKAGE EMAIL: [email protected]
Email format: FirstName(underscore)[email protected]
Example: [email protected]
REQUIRED Short sale docs:
NAVYFCU.pdf
UPDATED authorization to above package:
Started by Jason Sanseverino. Last reply by Ben Benita Jun 30, 2016. 3 Replies 0 Likes
Good Morning All -I have short sale approval and closing is set for today. We provided Navy Fed with the required closing docs early in the week BUT we still don't have "approval to close".I have…Continue
Started by Janie Booth. Last reply by Kim Chitwood Aug 28, 2013. 2 Replies 0 Likes
Does anyone out there have any experience settling Navy Federal 2nds that have gone to charge off? Both negotiators that have been handling our account/covering for the other have ben MIA on sick…Continue
Started by Tracy. Last reply by Tracy May 6, 2011. 3 Replies 0 Likes
I am a homeowner facing pcs with a house worth about 140,000 we owe 160,000. I am reading this information on the HAFA program regarding short sales. I was wondering if anyone knows anything about…Continue
Started by Michelle. Last reply by Kevin - Greenville, SC Apr 3, 2011. 1 Reply 0 Likes
I own a home in Phoenix, AZ that I purchased in Oct 2004 ... I purchased the home through a mortgage broker and later refinanced the exact $$ amount of my mortgage with my credit union - Navy…Continue
Comment
We are about two months into our short sale process with NFCU. I believe the buyers agent set an unrealistic timeline and our buyers are getting anxious. Things have actually gone pretty quickly with the bank. Full package received in August and BPO was ordered mid-August. In September, I received an update that our package had cleared document review and initial review.
I recently received the following update from my realtor. How close are we to the finish line?
"SINGLE TRUST SHORT SALE
This file has cleared document review and is in the valuation stage at Navy Federal. W. Todd is working on the existing offer to determine a final answer to the offer received. No new updates are being requested at this time.
As of September 15 2011 at 1:54pm: No new update requests are being made. File is 100% compliant. W. is still reviewing and performing internal tasks related to this file.
W. was assigned on 8/23/11; so I would expect her to reach out to me shortly.
There is no foreclosure sale date. K. is the associate I spoke with today. There is a standing internal request within NFCU's system for W. to call me. They are not allowed to release contact information for the Negotiator."
Hi folks, I'm in the middle of a short sale with Navy. I recently learned that PMI can complicate things. Without calling the bank, how can I find out if my loan has PMI? If it does, is this something I should be concerned with?
Thanks!
Welcome to the NFCU group, Pauline. Please feel free to share your experiences with them as a short sale lender.
My home is currently in short sale with NFCU. My agent has been very cooperative with them and to say the least they have been difficult. They kept requiring more and more documentation with the offer and drug out the process an entire month before getting my docs in front of a 'reviewer'.
She promptly told me yesterday that she has until July 27th to review my file before sending it over to a 'negotiator.' And, wouldn't even confirm if we finally had everything they needed. She basically said nothing would happen on her end until that date.
In the meantime, I am officially 3 months behind on my payments as of today and received a certified letter of 'default and notice of intent to accelerate' Saturday. I have stayed current on my second equity line - it's a NFCU serviced loan - mostly because they emptied out the few $$s I left in my accounts there and applied it to the second mortgage. My first is Fannie Mae.
In the event that foreclosure proceedings move ahead and I opt to 'walk-away' .. my first will be covered under Arizona's non-recourse laws ... I was told if I could prove that the $$s from my second went back into the home - pool and landscaping were done with the $$s - that it too may be covered - does anyone know how about this? It was also recommended that I may need to enlist an attorney to negotiate out the second for me with NFCU. Does anyone have experience with this scenario?
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.
You need to be a member of Navy Federal Credit Union to add comments!