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BB&T Short Sales

This group is for information, tips and solutions for BB&T Short Sales.

Members: 101
Latest Activity: Feb 23, 2017

short Sale Information For BB&T

Click the button to hire a Short Sale Agent Superstar in your area

 
BB&T 1-800-827-3722 option 6 for Short Sale


Third Party LOA Fax 1-888-827-9863

Short Sale Fax 1-252-293-9058

BB&T Short Sale Package

BB&T Arms Length
Email First [email protected]
example [email protected]

BB&T approval letter, junior lien, without forgiveness BBT approval.pdf

Email Moderator with corrections or additional contact, short sale info to update group.

Discussion Forum

Special LOA?

Started by Guerry Clegg. Last reply by Chad Gelsinger May 9, 2016. 1 Reply

Getting Ready to List A Home w/BBT First & Second

Started by Barbara A. Reagan Dec 14, 2012. 0 Replies

HELP!!

Started by Cathryn Pizarro Sep 21, 2012. 0 Replies

Comment Wall

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Comment by Jeff Payne on September 13, 2011 at 1:41am

John, BBandT is not bad to deal with when you finally get thru to the negotiator. Your problem may be that even though both mortgages are with BBandT, they are probably being worked in different departments or even different states.   You are 30 days in, the agent should at least be able to tell you if BBandT has recieved a completed short sale package

Comment by Becky Martin on August 26, 2011 at 7:24am
Does anyone have a BB&T short sale package?
Comment by Warren Bonett on July 27, 2011 at 4:39am
Does anyone have a copy of BB&T's short sale package?  Can't download it from their website and Loss Mit won't send it out unless the borrower calls for it himself but he is not ready to let them know what he is contemplating.  Thanks.
Comment by Kevin - Greenville, SC on May 27, 2011 at 7:50am
BB&T is telling me it is taking the FHA 70-75 days to review for FHA HAMP..... I don't think so....
Comment by Kevin - Greenville, SC on May 23, 2011 at 10:16am
@Melissa, The release BB&T is not giving you for the debt and the Mortgage Forgiveness Act are two very separate issues.
Comment by Melissa Polce on May 23, 2011 at 10:08am
BBT will not release seller from remaining debt on the short sale...being that this is a primary residence, could this just be swept under the carpet with Mortgage Forgiveness Now act? What could BB&T try and do...a judgement?  
Comment by Kevin - Greenville, SC on April 26, 2011 at 5:29am
According to the Phone rep only Florida Loans are handled at this # 888-411-1930.
Comment by Bryant Tutas on February 12, 2011 at 12:25am
Marion. Thew equity line has a lien on the property and is therefore a 2nd mortgage. if this was taken out after the purchase then the lender may very well want the seller to participate in the loss by either a cash contribution, a note or both. The lender assumes the money was used for personal items and they  usually want some of it back.
Comment by Marion Webb on February 11, 2011 at 6:35pm
I am preparing to submit a short sale where BB&T are first and client has an equity line with them as well.  Never worked with a first mortgage and equity line.  Is the equity line considered a second or is it like credit card debt?  Any advice on how to get this done?  I have successfully worked short sales with just a first mortgage and first and second held by different companies. 
Comment by Wendy Rulnick on December 3, 2010 at 1:26pm
Armi - I have found BB&T a pleasure to work with. They may likely want a prom note, but they are quick and reasonable.
 

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