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Golden 1 Credit Union

Short Sale Information for Golden 1 Credit Union

Members: 11
Latest Activity: Mar 22, 2017

Short Sale Infomation for Golden 1 Credit Union

 

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The Golden 1 Credit Union. 

Provides bank, lending and mortgage services to State Workers and/or family members of state workers in California.  Largest Credit Union in California.  Originated 1st & 2nd loans, some had their servicing transferred to CUNA Mortgage or Dovenmuehle.

 

For First Loans serviced by Dovenmuehle:

FAX:  847-574-7658

Gold 1 regarding Heloc and Second Loans:

Loss Mitigation Contact is Loria at 877-465-3361 EXT 3464

[email protected]

 

Standard requirements:

Hardship

Authorization Form

Tax Returns (2 years) - application for extension has been accepted in lieu of actual return.

3 months pay stubs and bank statements - WILL ask for updates monthly.

Contract, evidence of EMD and proof of funds for buyer.

 

The unusual: 

1.  Will require that seller pay for a full appraisal when receipted in for submission.

2.  Will only allow a 4% max brokerage.

3.  Dovenmuele is in Chicago and they prepare file for submission to Sacramento.  The ultimate decision will be made in Sacramento. 

 

Golden 1 Credit Union Short Sale Package

 

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Comment by Kacey Queen on June 24, 2013 at 10:55am

Golden1 is 2nd loan and are demanding $10,000.  Fannie Mae is investor and wont allow anything over $6k or any contributions.  Does anyone have any contact or advise on how to negotiate with Golden1?  They are not very easy to deal with....

Comment by Suzanne Rene Owen on December 19, 2012 at 1:21pm

I have the financial statementGolden%201%20Financial%20Statement.pdf  Good luck!!!

Comment by Jessica Griffith on December 19, 2012 at 12:33pm

Does anyone have the financial statement required by Golden 1 Credit Union?  Rep is asking for it, said they provided it, but the seller never received a statement to complete.

Comment by Suzanne Rene Owen on March 29, 2012 at 5:37pm
Good luck...I appreciate your insight. I am local...Lyon real estate roseville...please update when you close.
Comment by Suzanne Rene Owen on March 28, 2012 at 10:09am

This is what I received from Gold 1 regarding Heloc and Second Loans:

Loss Mitigation Contact is Loria at 877-465-3361 EXT 3464

Must send over a third party authorization in order to get further documentation needed from the Loss Mitigation Department. 

Comment by Suzanne Rene Owen on March 28, 2012 at 9:52am

Is there  any information for Golden 1 seconds?

 

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