Submitted all Short Sale docs 5 days before scheduled foreclosure sale. Shellpoint said too close to sale date to postpone sale. Sale held and no one bid on the property. Shellpoint said since…Continue
"Thank you Brett for the response! Would they be more likely to entertain a short sale if the mortgage was government insured? Do you know any way to get the bank to consider a short sale? I was advised by someone who said they did…"
"If it's a REO and they won't entertain a short sale during the redemption period you'll likely need to wait until it's listed as a REO to try to purchase it. This is common. Hard to purchase a single bank owned asset from large…"
Submitted all Short Sale docs 5 days before scheduled foreclosure sale. Shellpoint said too close to sale date to postpone sale. Sale held and no one bid on the property. Shellpoint said since sale was held, it is now REO property and there is no short sale allowed. They tossed my submitted documents. They said I now must contact local REO realtor to offer on property when 6 month redemption period expires. Property in Michigan. Getting shuttled from one Loss Mitigation rep to another -…See More
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