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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 joe beauchamp on January 7, 2014 at 8:10am

Kevin, either HUD has done a 180 since their webinar a few months ago or your guy is one of the many we can run into at HUD. They were very clear, they do not allow auction.com and if you have a problem, call them and they will correct it.

Comment by Neil L. on January 7, 2014 at 7:32am

Also, is there an exception to the rule that the buyer must qualify using Nationstar's lender? If they're paying cash is this still required?

Comment by Sean Wilder on January 7, 2014 at 7:16am

Not if they are not participating in it.

Comment by Neil L. on January 7, 2014 at 7:15am

Do they need to fill out the SS addendum about auction.com for FHA? I will ask if nobody knows...

Comment by Kevin - Greenville, SC on January 7, 2014 at 6:49am

Joe,

Matt Martin at HUD says it's optional.

Comment by joe beauchamp on January 7, 2014 at 6:47am

Contact HUD. They made it absolutely clear that they want nothing to do with auction.com and they will shut that right down.

Comment by Demco Law Firm, P.S. on January 7, 2014 at 6:30am

I have a short sale going on, FHA, that they are stating has to go through Auction.com. I see you are saying they can not require it. What has been the best way you have found to get out of it?

Comment by Wendy Smith on January 7, 2014 at 6:25am

No. only conventional - no Freddie or Fannie either.

Comment by Neil L. on January 7, 2014 at 6:05am

Do they require auction.com on FHA files?

Comment by Chad Gelsinger on January 2, 2014 at 9:37am

I am not aware of ANY lender allowing a Short Sale to occur when it violates Dodd Frank. Mortgage Fraud falls in this category. Contact Fannie Mae directly to get their final answer...Good Luck. 

 

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