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First, find out if the borrower's mortage is with Regions Bank or Regions Mortgage. They are handled separately.
Regions Bank (not Regions Mortgage * see below)
Regions Bank Telephone 1-800-986-2462
Fax 1-601-554-2011
Regions Bank Short Sale Package.pdf
Regions Mortgage is different from Regions Bank for short sales. Here is what they need:
Regions Mortgage 1-800-986-2462
Regions Mortgage fax 601-554-2913 or 601-554-2940.
These are the items Regions needs in order to review the account for a short sale
Regions Mortgage Authorization
Regions Mortgage Short Sale Affadavit
Regions Mortgage Uniform Borrowers Assistance Form
1. A signed sales contract
2. Most recent pay stubs ( to cover 30 days)
3. Recent bank statement ( to most recent months)
4. Completed financial form
5. Last two years tax returns ( must be signed)
6. Signed authorization form for 3rd party
7. Contact information for person/ agency to access to property so aprasial can be done
8. HUD settlement statement
9. Listing agreement
10. Buyers proof of funds
11. Short Sale affidavit
You can fax information to 601 554 2913 or 601 554 2940.
Started by Craig Bartels Mar 16, 2015. 0 Replies 0 Likes
we have a short sale that has been in the "underwriter review" status for months now. We have escalated it, still nothing....they have everything needed and it's going nowhere. Does anyone have a…Continue
Started by Sarah Little. Last reply by Short Sale Superstars LLC Jan 7, 2015. 1 Reply 0 Likes
Does have an email address of where short sales packages can be sent or can they only be faxed?Continue
Started by Richard Zaretsky Aug 11, 2014. 0 Replies 0 Likes
Does anyone have contact info for Regions Bank and Regions Mortgage REO departments? My son wants to buy a property they have now for 5 months but it is not listing yet and the system's posted…Continue
Started by Ludora Cooper Jun 12, 2013. 0 Replies 0 Likes
Has anyone had this to happen with Regions? My seller has a Heloc with a balance of $22,000. Regions has agreed to accept $8500 from hafa funds on the Jr. lien and NOW they want an additional $9,800…Continue
Comment
Wilsie - Just work through it. Regions will negotiate. They may ask for prom note, cash or both... But like I said - they will negotiate the amount. I've sold many with Regions seconds.
Hi there...
I'm working on my first Regions deal. BOA has first position, Regions the second. Seller had filed for BK last year, Regions was included and seller received a discharge. BOA has offered seller $9k incentive to short sale it - Investment prop. We received title work this morning with a lien from Regions. I called Regions and was told that seller is still liable - even after the BK because it is a secured debt ($47k). I have to send them the short sale docs. Anybody has had any luck with Regions 2nds?! will they ask for a prom note..? :o(
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