Nationstar short sale approval letter.
We started our short sale in September, accepted the banks counter on November 30 and have gone through and cleared underwriting on December 18. The only thing holding up underwriting is a short sale approval letter from nationstar. I got all the information about escalations over to the seller and the sellers realtor. Is there anything else I can do to move this along? We were supposed to close on 12/28.(which was set by the bank)
Replies to This Discussion
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Permalink Reply by Wayne Brooks on
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Underwriting.....buyer's lender, or short sale lender.
12/28 date set by bank.....same question.
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If there were two mortgages - but during the close the "big" one was paying the little one off would I need a letter from each of the banks or just the one that is getting 99% of the funds?
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Both banks would have to issue approval letters, for the same amount they will be Netting from the sale, listed on the HUD.
Please clarify the questions above, regarding whose underwriting dept and which lender set the sale date of 12/28, along with any other details. I assume you are waiting on the approval letter(s) from Nationstar and the 2nd mtg. co. Usually it's your title/closing company requiring these, not the underwriter for your loan.
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