Has anyone had any luck with Key Bank on their short sales? Supposedly they need lender specific paperwork for their short sales, but won't send it out until the homeowner calls in and verbally agress to a deficiency...does anyone have a key bank short sale packet? They are like PNC with wanting the homeowner to agree to a deficiency right off the bat...trying to find a way around it! Any tips are appreciated.

Thank you :)

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Comment by Dee Psarros on June 11, 2012 at 4:44pm

Hello,

Would you please forward me a copy of the Key Bank Short Sale package?

I am assuming they have their own Financial Worksheet....

Thank you so much!

Dee Psarros

West USA Realty, Scottsdale, AZ

602.486.5363

[email protected]

Comment by Cathy McAlister on May 17, 2011 at 1:53pm
Thank you Jason.
Comment by Jason Boykin on May 17, 2011 at 10:21am
Cathy:  See attached.To: KeyCorp
Modification Requests
4910 Tiedeman 5th Floor
Brooklyn, OH 44144
Phone 866-736-0202
Fax 216-370-5819

From:

Re: Request for Short Sale Approval, Acct: , address

Tab 1 - Current contact information:
Tab 2 - Hardship letter
Tab 3 - Copies of three (3) consecutive months bank statements
Tab 4 – List of Current monthlyexpenses
Tab 5 - Verification ot present income; two most recent, consecutive pay stubs.
Tab 6 - Copies of W•2 and 1040 tax•forms for two consecutive years for each signer.
Tab 7 – Copies of 3 consecutive bank statements.
Tab 8 - Broker contact information (if applies).
Tab 9 - Authorization to speak with brokers.
Tab 10 - Sales contract
Tab 11 - Location of the collateral
Tab 12 - Proof of updated insurance.
Tab 13 – Wells Fargo Approval letter (1st Mort)
Tab 14 – Chase Approval letter (2nd Mort)
Comment by Cathy McAlister on May 17, 2011 at 10:06am
Currently have a 2nd in with Key Bank.  Small second with approval of BofA first in hand.    Interesting that they still go through an entire approval process in light of the fact that it is well known BofA will only pay "x" amount.    We have pressure from BofA due to a foreclose date next week and our working on obtaining one more extension to provide Key Bank some more time.  Key Bank is rather nonchalant about ending up with ZERO money for the sake of "this is just how long our process takes".     Jason, I would be most interested in your packet list of items.
Comment by Jason Boykin on May 16, 2011 at 10:31am
My packet is with Key Bank now for approval.  WF and Chase approved already.  Anyone have Key Bank experience to share?
Comment by Bryant Tutas on April 20, 2011 at 4:50am
Hi Jason. can you open a Key Bank group for us? Add contact info and you can upload the package. Or feel free to email me the info at [email protected] and I'll take care of it. Thanks
Comment by Jason Boykin on April 20, 2011 at 4:37am

Update:  I have the short sale package for Key Bank if anyone else needs it.  I'm glad to share, just let me know.

 

Jason

Comment by Jason Boykin on April 7, 2011 at 4:17am

I'm dealing with Key bank now also.  Can you share the short sale package with me?  Also, was it for a pool?  Mine is.  I'm interested in how your experience worked out.

 

Jason

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