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Rushmore Mortgage - Experience

Posted by The Good Home Team on March 20, 2015 at 10:15am in Short Sale Discussions
Anyone have any experience negotiating with Rushmore? Any high contacts that I can reach out to? My clients loan was purchased by them on March 1st and is not budging on doing a short sale. My client is in bankruptcy so we do have that going for us right now.

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Replies

  • Donna Gallegos May 11, 2016 at 6:20am

    The Rushmore Lending Group on this site has been dead since 2013. I am sure I can't be the only one trying to do a short sale through Rushmore. I was emailed a Net the investor will accept with no details on settling with the 2nd (21st Mortgage) or commission/closing costs. 21st Mortgage wants a payoff letter ( that's reasonable) from Rushmore and the HUD before I can try to reach agreement with them. As I said I was emailed the Net wanted from Rushmore in a one line email. I have left voice mails and sent emails to the Rushmore contact but no reply. They also gave the buyer a deadline of June 16th to close. In short I was hoping for an escalation contact at Rushmore, anyone deal with them lately?

  • Jonathan Katz March 20, 2015 at 11:31am

    They won't allow a short sale review? What is their reasoning behind this? Is it due to the active Bankruptcy on file?

    Brett@ishortsalenow.com

    310-564-6389

    www.ishortsalenow.com

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