Website: http://shortsalebasics.ning.com/mrcooper
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Latest Activity: Nov 29, 2022
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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.
Started by Russ Trinidad. Last reply by Russ Trinidad Dec 5, 2018. 9 Replies 0 Likes
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
Started by Wanda martinez. Last reply by Donte Tribble Apr 5, 2018. 8 Replies 0 Likes
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
Started by Shawn Lowery. Last reply by Minna Reid Oct 11, 2017. 3 Replies 0 Likes
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
Started by Elvira Quiray. Last reply by Ben Benita Apr 26, 2017. 1 Reply 1 Like
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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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.
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?
Not if they are not participating in it.
Do they need to fill out the SS addendum about auction.com for FHA? I will ask if nobody knows...
Joe,
Matt Martin at HUD says it's optional.
Contact HUD. They made it absolutely clear that they want nothing to do with auction.com and they will shut that right down.
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?
No. only conventional - no Freddie or Fannie either.
Do they require auction.com on FHA files?
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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