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Mr. Cooper

Website: http://shortsalebasics.ning.com/mrcooper
Members: 534
Latest Activity: Nov 29, 2022

NationStar Short Sale Informations

 

 

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Mr. Cooper is now using equator.com. Initiate your short sale there.

Escalation email: [email protected]

Depending on the loan type Mr. Cooper may have the file go through the 3rd party auction platform xome.

Discussion Forum

Messy Foreclosure defense. 4 liens on property!

Started by Russ Trinidad. Last reply by Russ Trinidad Dec 5, 2018. 9 Replies

My client (Seller) originally bought a home with a 1st and 2nd mortgage with CMG Financial in 2006. The mortgage started slipping away from him so he entered a foreclosure defense agreement with an…Continue

Tags: liens, 4

AUCTION after executed contract???? to 2 veterans????

Started by Wanda martinez. Last reply by Donte Tribble Apr 5, 2018. 8 Replies

We want to escalated this from Nationstar.... We have an executed contract for 4 months .....  NOW, Nationstar wants to start an AUCTION.... the seller is a veteran with a hardship and the buyer is a…Continue

FHA Denial for Surplus of Income

Started by Shawn Lowery. Last reply by Minna Reid Oct 11, 2017. 3 Replies

Nationstar, FHA loan, mortgagor denied short sale eligibility and instead offered forbearance.  Here is message from loan rep:At this time the home owner is not eligible to participate in the short…Continue

Nationstart will not accept to start a short sale

Started by Elvira Quiray. Last reply by Ben Benita Apr 26, 2017. 1 Reply

Hi All,I need your comments on this situation I have. The sheriff sale date is in a week.  I have called Nationstar and they will not accept the short sale because the sheriff sale is too close. Just…Continue

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Comment by Debbie Tuttle on September 6, 2013 at 10:45am

Same here.  We just submitted it to Nstar through Equator ,and yes we are also playing the wait game.

Does anyone know how long it is before they acknowledge or respond?  Do they respond? Some don't.

Comment by Michael Hayley on September 6, 2013 at 8:53am

Michelle: I had the same thing happen to me; transfer from BOA to NationStar just when I thought it was approved. NationStar made me upload the whole file into Equator, update all docs, sit with a new BPO agent and also a new full apraisal. It looks now like Im close to approval again, after a few months...

Comment by Michelle Ridley on September 6, 2013 at 7:07am

I have just had a short sale transfer from B of A to Nationstar, the file was verbally approved but was transferred before we got approval letter.

Does anyone know if Nationstar will go with the old B of A assessment or if we will need to resubmit from scratch. I haven't been able to get hold of anyone yet. Thank you for the numbers and email address contacts.

Comment by Thom Colby CA Brkr 888-391-5245 on July 26, 2013 at 4:35am

Not sure what you mean - but the only thing I saw on the form referring to a CODE was this:

VALUE ADJUSTMENTS (Use the following codes for the adjustments: S=Superior E=Equal I=Inferior U=Unknown)

Comment by Wendy Rulnick on July 26, 2013 at 4:28am

Thom - Thank you for the form. What is the "CODE" on the form?  @Jeff - it is a joke!

Comment by Thom Colby CA Brkr 888-391-5245 on July 26, 2013 at 3:16am

(Nationstar is "dead to me")

That said, I have completed their BPO form in the past and didn't find it all that "bad" - is it because it's not "fillable"?  Here's the Freddie fillable form - maybe you can use this one since it's basically the same and easier to use. FreddieMac BPO form.pdf

Comment by Jeff Payne on July 26, 2013 at 3:00am

Wendy, I just completed one for an REO property, what a joke. Nationstar uses Equator but in order to manipulate the BPO amount they use a word document. 

Comment by Wendy Rulnick on July 26, 2013 at 2:39am

Here is the Nationstar BPO form. Horrid! Nationstar BPO.pdf  It has adjustment fields that really are in appraisal territory for which there are formulae. 

Comment by joe beauchamp on July 26, 2013 at 2:35am

I had a FHLMC, which I disputed while it was at BofA and used the same BofA/FHLMC form after the file was sold to NStar. I assume NStar has a tough time turning down a form that its investor accepts. Funny, I probably would have used an NStar form if I had gotten one instead of the usual non-reply when I requested it (although I haven't seen one, so don't know of what you speak).

Comment by Wendy Rulnick on July 26, 2013 at 2:10am

Nationstar "BPO" - has anyone substituted another form for the hideous appraisal-like BPO form that Nationstar provides? It's really beyond the scope, IMO. I've asked an appraiser about this, he says  it's basically an appraisal.

 

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