I've read almost every short story on the board, but I don't fall into all of the cat's. My problem is this and I'm wondering if anyone has deal with Cenlar. I got a refin through a company called ifreedom Direct. Great company as they will work with you to help you out, plus my loan is guarrette from the VA. The two requirements for a short sale is relocating (job (my wife)) and mortgage is more than payment (I believe that is how it is put). I contact a real estate lawyer today and he said to contact Cenlar. So with the above information, has anyone had a problem like this.
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Q9. Must the loan be 61 days past due to complete a compromise sale?
A9. To be eligible for a payment, either incentive payment or claim payment, the loan must be a reportable default (i.e., 61 or more days delinquent).
https://storage.ning.com/topology/rest/1.0/file/get/3131605088?profi...
If it's a VA Loan, Cenlar will have to follow VA Guidelines as it pertains to Loss Mitigation.
Thank you for your reply Kevin. I was wondering if it would be possible to send you a personal email, as I don't know who monitors this board. The information I have to share with you will put more light on the subject in which I truly need the guidance before I make a mistake? My email addresss is timlab19556 @ comcast.net