I am wondering if anyone has ever done a short sale with Teachers Credit Union? It is not a huge branch but they are not small either.
I was told by the mortgage department (since they don't have a loss mitigation dept) that they will not accept an offer for less than $200,000 since their unpaid balance is $230,000. They are not going to entertain any lower value. They also never waive the deficiency.
I am looking for some good news from anyone who has dealt with this particular lender. Maybe even a success story..?
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