Has anyone lost a property to foreclosure while participating in Nationstar’s “Price Validation Program” or after being told that there are no loss mitigation options during the 37 days prior to a foreclosure???
This is clearly a scam and i'm trying to figure out if we can put a stop to Nationstar's practice.
I've seen homes go to foreclosure when they don't meet investor guidelines or are too close to the sale date. Auction.com, Homesearch, and Xome; Nationstar has been utilization these online auction sites for quite some time if the investor allows for it.
The validation program is bogus. To validate the market value, you would order a bpo or appraisal. Our MLS prohibits any agent from advertising XOME short sales and also prohibits you from taking an under contract listing OFF MLS so it can be advertised on XOME. Check your local MLS rules.