Replies to This Discussion

Permalink Reply by Jeff Payne on August 18, 2011 at 5:22am

Jean, I agree with Harry.  Nationstar probably bought this note for pennies on the dollar and may make money in foreclosure.  Push thru to Nationstar and see if they will pick up where you left off on the last one.  I had a similar situation with BBandT and Selene and got approval fast.  My guess is because I had an offer that would net Selene over 200K and they probably bought the note for 1/3 of that.

I can't speak for Nationstar, never dealt with them....

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Permalink Reply by Jean Costanzo on August 19, 2011 at 3:33am

Jeff Payne said:

Jean, I agree with Harry.  Nationstar probably bought this note for pennies on the dollar and may make money in foreclosure.  Push thru to Nationstar and see if they will pick up where you left off on the last one.  I had a similar situation with BBandT and Selene and got approval fast.  My guess is because I had an offer that would net Selene over 200K and they probably bought the note for 1/3 of that.

I can't speak for Nationstar, never dealt with them....

 

Thanks Jeff

 

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Permalink Reply by Jean Costanzo on August 19, 2011 at 3:33am

Harry Clay said:

I think it means there is a very strong possibility that, for whatever reason, Met Life viewed your file unfavorably, & therefore dumped it to Nationstar as a liquidator, who will probably make more $ by foreclosing & collecting on the insurance rather than cooperating with you on the short sale.

I experienced this exact scenario last December, & Nationstar lied & stiff armed us all the way to the Trustee Sale, after CitiMortgage had previously lead us to believe approval was imminent, before surprising us with the notification that the paper had been sold, after more than 2 months of negotiations & financial update requests that were always promptly supplied.

We were never given a counter offer, despite a motivated & qualified buyer, & the Nationstar "negotiator" repeatedly lied & denied the Trustee Sale was even scheduled, right up to the last day, even though we had the NTS in our hand.

Please keep us informed of how your transaction pans out; I certainly would be interested to know.

But in my experience, the file getting sold to Nationstar @ this late date is the kiss of death.

I hope you can prove me wrong.

    Thanks Harry   :(

 

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Permalink Reply by James ferebee jr on August 21, 2011 at 1:43am

You are going to need their financial form ask me how I know that one.

Check with NationStar group and get them. I turned in a pkg that had just been xfered to them with the latest of all docs and they stated that the financial and some other docs had to be on their forms. It is an FHA so maybe thats why, don't know but I give them what they want...

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Permalink Reply by Kevin Bishop on August 21, 2011 at 1:43am

I had a file with Met Life/First Horizons and followed it all the way to within a couple of weeks of closing.  They told me that the file was all set to forward to the MI company and then she said "this file will have to close with another company".  I'm now with NationStar and I'm being told that none of my documents came with the file and I'm now having to uploaded everything, again.  She has told me that she will push it through once she has all of the documents.  It's been my experience, since doing short sales since 2008, that you can't do too thinking about this stuff.  If you want to get it closed, keep on grinding.  Keep going and you'll close it.

 

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Permalink Reply by Kevin Bishop on July 26, 2012 at 8:18am

Just closed on this one.  Two years.  1 year with Met Life and 1 year with NationStar

 

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Permalink Reply by Jean Costanzo on August 21, 2011 at 2:16am

Thanks Kevin !!

Kevin Bishop said:

I had a file with Met Life/First Horizons and followed it all the way to within a couple of weeks of closing.  They told me that the file was all set to forward to the MI company and then she said "this file will have to close with another company".  I'm now with NationStar and I'm being told that none of my documents came with the file and I'm now having to uploaded everything, again.  She has told me that she will push it through once she has all of the documents.  It's been my experience, since doing short sales since 2008, that you can't do too thinking about this stuff.  If you want to get it closed, keep on grinding.  Keep going and you'll close it.

 

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Permalink Reply by Jean Costanzo on August 21, 2011 at 2:17am

Thanks  Did it close yet ? 

James ferebee jr said:

You are going to need their financial form ask me how I know that one.

Check with NationStar group and get them. I turned in a pkg that had just been xfered to them with the latest of all docs and they stated that the financial and some other docs had to be on their forms. It is an FHA so maybe thats why, don't know but I give them what they want...

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Permalink Reply by Jean Costanzo on August 21, 2011 at 2:18am

Please let me know when you close  Thanks Jeannie

Kevin Bishop said:

I had a file with Met Life/First Horizons and followed it all the way to within a couple of weeks of closing.  They told me that the file was all set to forward to the MI company and then she said "this file will have to close with another company".  I'm now with NationStar and I'm being told that none of my documents came with the file and I'm now having to uploaded everything, again.  She has told me that she will push it through once she has all of the documents.  It's been my experience, since doing short sales since 2008, that you can't do too thinking about this stuff.  If you want to get it closed, keep on grinding.  Keep going and you'll close it.

 

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Permalink Reply by Kevin Bishop on August 21, 2011 at 2:21am

He's right.  They  just told me that the financials need to be on their forms.  I'm working on that now.

Jean Costanzo said:

Please let me know when you close  Thanks Jeannie

Kevin Bishop said:

I had a file with Met Life/First Horizons and followed it all the way to within a couple of weeks of closing.  They told me that the file was all set to forward to the MI company and then she said "this file will have to close with another company".  I'm now with NationStar and I'm being told that none of my documents came with the file and I'm now having to uploaded everything, again.  She has told me that she will push it through once she has all of the documents.  It's been my experience, since doing short sales since 2008, that you can't do too thinking about this stuff.  If you want to get it closed, keep on grinding.  Keep going and you'll close it.

 

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Permalink Reply by Jean Costanzo on August 21, 2011 at 2:28am

Hi You said ask you how you know that :) ??

 

Jean Costanzo said:

Thanks  Did it close yet ? 

James ferebee jr said:

You are going to need their financial form ask me how I know that one.

Check with NationStar group and get them. I turned in a pkg that had just been xfered to them with the latest of all docs and they stated that the financial and some other docs had to be on their forms. It is an FHA so maybe thats why, don't know but I give them what they want...

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Permalink Reply by Mary Ann Carman on August 21, 2011 at 3:59am

Check out their website http://MyNationstarMtg.com or call customer service for information 888-480-2432. Hope this information help. If you already had this info, sorry - don't have any other info except to contact them to see what's going on. Thanks.

Jean Costanzo said:

Hi You said ask you how you know that :) ??

 

Jean Costanzo said:

Thanks  Did it close yet ? 

James ferebee jr said:

You are going to need their financial form ask me how I know that one.

Check with NationStar group and get them. I turned in a pkg that had just been xfered to them with the latest of all docs and they stated that the financial and some other docs had to be on their forms. It is an FHA so maybe thats why, don't know but I give them what they want...

• ▶ Reply

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