Owner would like to do a short sale. Is there anyway to stop an auction from happening? Owner had been going through loan modification and was just turned down. Owner did not know that house had gone through foreclosure and is about to go to auction. Property is located in Covington, GA. Please advise.
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The auction is 8/2/2011. GMAC sold it to Specialized Loan Servicing. Sound to me like a collection agency. Only one loan.
Maribella Hernandez said:
How many days until the sale? Time is of the essence, most banks require a t leasrt 7 days. What bank and if there is 1 or two loans. You could fax your short sale package in and work hard to get a offer on the home quickly. Without an offer the house will go to sale. hope this helps. If you have connectiions with anyone at the bank now would be a good time to ask for help
plenty of time, treat the collectionn co like the bank, get your SS pack ready,and submit to them, list the home and price it slightly below last home that sold to get traffic through. Hope to get offer in a couple days.You really can get this done. If I was you I would still call GMAC to make sure they sold the loan and that the collecton co is not just servcing the loan. Much easier to work directly with the bank but such call with client there or three way so they can give you info on the spot.
plenty of time, treat the collectionn co like the bank, get your SS pack ready,and submit to them, list the home and price it slightly below last home that sold to get traffic through. Hope to get offer in a couple days.You really can get this done. If I was you I would still call GMAC to make sure they sold the loan and that the collecton co is not just servcing the loan. Much easier to work directly with the bank but such call with client there or three way so they can give you info on the spot.
Sounds like a plan to me. Thank you so much.
Maribella Hernandez said:plenty of time, treat the collectionn co like the bank, get your SS pack ready,and submit to them, list the home and price it slightly below last home that sold to get traffic through. Hope to get offer in a couple days.You really can get this done. If I was you I would still call GMAC to make sure they sold the loan and that the collecton co is not just servcing the loan. Much easier to work directly with the bank but such call with client there or three way so they can give you info on the spot.
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