Provident Funding

Short Sales - Serviced by Provident Funding ( not affiliated with Provident Bank)

Members: 42
Latest Activity: Sep 5, 2017

Phone (800) 696-8199 - option #4
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Discussion Forum

Provident Funding - FreddieMac no waiver of deficiency

Started by Wendy Smith. Last reply by Phil Bailey Jan 10, 2013. 3 Replies

this is my first short with Provident Funding - everything has gone smooth until the counter offer. Provident is saying that even with a $7k cash contribution from seller (sales price only $62k)they…Continue

Tags: of, Deficiency, Waiver, FreddieMac, Funding

Easy short sale with Provident!

Started by Samuel Hilbert Dec 10, 2012. 0 Replies

Just an update for anyone who reads this page on Provident. I just received an approval on a sale with them (my first ever with Provident) and was very nervous going in based on what I had read about…Continue

Filling out Form 710 fir Provident

Started by Herb Apr 10, 2012. 0 Replies

When filling in Gross Monthly wages on this form must we include the after tax number?? As in the Net Pay on the Pay Stubs?? The reasdon I ask is because it results in a positive income without it…Continue

Tags: Mae, FAnnie, Provident

Provident Funding Escalation

Started by Loralynn Wilbur May 16, 2011. 0 Replies

Good Morning,I need to esclate at provident funding, My short Sale Negotiator at provident is telling me another two weeks for a new approval (only change is buyer's names) We are short on time as…Continue

Comment Wall


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Comment by Vikki Lucas on October 7, 2013 at 6:59am



Here is a link to the Provident Funding Short Sale Package that I got today.

Comment by Thom Colby CA Brkr 888-391-5245 on June 29, 2012 at 9:51am

Michelle, thanks for the quick response.... Here in CA they cannot collect a deficiency by law, if they approve a short sale.  They also cannot require Promissory Note or Cash Contribution as a condition of short sale approval in CA.  I do appreeciate the heads-up !


Comment by Michelle L Houze PLLC on June 29, 2012 at 9:46am

I have not dealt with them in this situation, but you should note that it is Provident's policy to NOT put deficiency waiver verbiage in their approval letters.  Just a heads up....

Comment by Thom Colby CA Brkr 888-391-5245 on June 29, 2012 at 9:20am

Has anyone closed a Provident Short Sale where the borrower is Deceased  6 months and the family just found out - And, an NOD was filed a couple of weeks ago ?  How difficult will it be to work with Provident?

Comment by Jimena Paridee on June 25, 2012 at 6:03am

Has anyone close a short sale with Provident where the buyer was a corporation?  I know some banks are not allowing that and I'm just wondering if Provident was one of them.

Comment by Michelle L Houze PLLC on May 29, 2012 at 8:34am

With regard to Deficiency Waiver and Provident....they do not and will not it.  Most of their loans are Freddie and since Provident is not the entity that would pursue the judgement, Freddie is, they will not release Freddies right to do so.  Stupid especially given that Freddie as a standard practice, commonly releases deficiency.  I have had 3 SS with Provident and Freddie loans and they have NEVER done it.  2 of my 3 sellers opted for foreclosure rather than to risk it as they were protected by Arizona's anti-deficiency laws in a foreclosure.  Just know going in that you are not going to get them to put the verbiage in the approval letter

Comment by Bill Black on January 10, 2012 at 11:32am


Here is the generic approval- nothing specific on release. 


Comment by Bill Black on January 10, 2012 at 11:31am

I have an approval but they are not specifically adding the deficiency release. Has anyone had any luck in getting this completed in writing on the approval. 

Bill Black 

Comment by Yink Aikens, CDPE on October 18, 2011 at 10:37am

Also the homes has 2 liens but the owner wants to offer a settlement on the 2nd which has a balance of $7,000.

Comment by Yink Aikens, CDPE on October 18, 2011 at 10:36am

I will be speaking with a prospect about listing a Provident Funding short sale tomorrow. Any feedback on their service thus far?


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