Comment

Comment by Vikki Lucas on November 12, 2013 at 3:31am

I just received my first Nationstar deal that is going to go through the auction.com process. Of course, I follow the Nationstar threads here closely and have concerns, but what can we do? I have a heavily redacted Auction.com agreement letter that I will attach here. I have yet to see one of these on sss.com, so here we go.

Auction.com%20Agreement.pdf

I'll keep you all posted and I'll see you on the flip side.

Comment by Ellen Dittman on November 7, 2013 at 11:02am

I have one in Equator, I was told via email over 2 months ago they would take the Auction.com road. Heard nothing until a day ago when I rec'd message that they'd be contacting me shortly about it. I look forward to holding thier mandated open houses in a vacant property with no utilities.

Comment by Stefanie Angel on November 7, 2013 at 8:33am

I will do that @Nolberto.  Thank you!  Hate tight closings like this!! Uggghhhhhhh

 

Comment by Nolberto on November 7, 2013 at 8:25am

I would say to follow up very closely with them, perhaps, tomorrow. Get confirmations from closer and team leaders/managers.

Comment by Stefanie Angel on November 7, 2013 at 8:03am

I am the selling agent on a Nationstar short sale.  We just funded and are also set to record today -- BARELY made it.  However my concern is that the Nationstar approval letter states closing to take place by noon CST.  I am on Pacific Standard time in California and have gone past the time.  Has anyone gone past the time and been okay? Can Nationstar reject the wire?  Has this ever happened to anyone?

Comment by Tom Braunagel on November 1, 2013 at 9:07am

Does anyone have an answer to Nationstar's position that they will NOT send out an approval letter on an offer until they get an approval letter from the second lien holder.  I in turn call the second and ask them to please approve the $6,000 being offered by Nationstar and they tell me that they need to see the approval letter from Nationstar first.  To me, this makes sense, why would a second bank send out an approval letter based off an offer that's not already approved by the first?  I'm stuck and need to know how to escalate and resolve.  Anyone run into this before?

Comment by Melanie Yarberry on October 8, 2013 at 8:42am

Does anyone have a copy of Nationstar's BPO form they can send me? [email protected]  - Thanks!!

Comment by Maurice Stover on September 21, 2013 at 3:22pm

Need some assistance.  Can anyone confirm when initiating a Nationstar short sale in Equator, when selecting your “Reason for Default” is  “Loss of Renters/Tenants” listed as one of Nationstar choices.  I don’t have a new short sale with Nationstar to initiate in order to see what the choices are. Each lender has different/overlapping Reasons for Default. Again – I am only concerned about Nationstar.  A screen shot of all listed choices would be perfect. Thank you!

Comment by Gita Bantwal on September 16, 2013 at 8:49am

can someone give me contact telephone number for someone at Nationstar. When I call the tel number it asks for loan number. I do not have a loan number. I want to call for information about the insurance company as a condo  they own has caused damage to my listing next to it water damage and no one is doing anything about it .I called property preservation and they said they are not managing it anymore..

Comment by Helena Kaucheck on September 6, 2013 at 10:51am

Debbie, depending on the investor timelines can range upwards to months. With Fannie/Freddie there are specific guideline procedures with clear timelines. However, timelines are based on several factors but most notably if the servicer deems the package complete. I've noticed that Nationstar, GreenTree, chase BofA, etc., have all kept close to those timelines if a Fannie or Freddie is involved. There are also timelines built into receipt of responses to counters from the seller that is very strict. If Fannie or Freddie, its roughly 60 days provided your package is complete. Nationstar has actually been one of the best to work with this past year for me. Hope this helps.

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