I am in California and I have a short sale with US Bank that has a 2nd with a local bank, listed on March 23rd, 2012.
Complete package has been turned in to both banks and file is under review.
Seller received a call from US Bank collection department, she said that he was very kind, but wanted her to make a payment to bring it current (currently 2 months behind) if not with in 60 days they will ask for payment in full. He also told her the property has to be on the market for 6 months before they will accept a short sale??
US Bank is not proactive until you have an offer and then they want a full package and in all my correspondences with them they have never mentioned property to be listed 6 months before accepting a short sale!
Any experience with US Bank, suggestions or advise would be appreciated!
Tags:
Not true. I am in Irvine, where their short sale department is located. My short sale with them was normal. There was no listing day restrictions. Once you have a complete package, they will have it assigned. Man, my clients would love the 6 month wait (assuming the NTS doesn't get filed).
I have closed MANY US Bank short sales and this is the first I have heard of it. You are correct that they dont want anything until you have an offer and then send a full package, that is how I want it as a listing agent, I dont want the bank setting their price on the home, I want my price to go thru
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.