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countrywide: Countrywide / BOA Short Sale Tip and Update! 5-1-09 (IMPORTANT) - 05/01/09 06:17 AM
Countrywide and BOA (and soon other lenders) now require all borrowers to call and request a short sale before it can be started. In other words, if you have a listing and it's a short sale, you must have the seller contact the lender and request a short sale. Until the seller has spoke to the lender, they will not process a short sale application. This is called "Borrower Profiling". It's an attempt to try everything else first before "allowing" a short sale. As of RIGHT NOW, short sale applications are NOT going to be accepted until this is done!
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countrywide: Great NEW Tip With Countrywide Short Sales... A Must Read!! - 04/07/09 12:44 PM
CUT 2 WEEKS OFF YOUR SHORT SALE WAITING TIME BY DOING THE FOLLOWING.......
I just got off the phone with a friend at Countrywide. I had to post this tip almost immediately! When sending your short sale packages to them, break the faxes up into sections in no more then 10 pages!!! if your package is 50 pages, then you will send 5 separate faxes!!!! (10 pages per fax)...
Send the financials in one fax, the contract in another, etc, etc. Keep the sections together if you can! And always have the account number at the top of every faxed … (11 comments)
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countrywide: Letter to Countrywide from one of my sellers...GREAT LETTER! - 12/23/08 01:33 PM
This letter is from one of my frustrated sellers doing a short sale deal with countrywide. It really speaks to the frustration that all clients go through when dealing with this lender. I think this letter was great and I had to post it on my blogs....
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Dear Countrywide,
Further to your email regarding the Short sale for the above property, as the owner, and provider of the documents requested, I am embarrassed to admit dealing with an organization as incompetent and inflexible as Countrywide. After months of waiting to get a response from CW on a Short … (7 comments)
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countrywide: UPDATE ON: Countrywide: I can honestly say this is a first for me! - 08/05/08 01:17 PM
So many people emailed me to ask for an update to my last post about Countrywide screwing up and selling the house via sheriff sale six months after we already short sold the property and closed.
ORIGINAL ARTICLE: http://activerain.com/blogsview/615331/Countrywide-I-can-honestly
As an update we finally resolved the issue and the new homeowner is no longer in jeopardy. The research department finally found the money and the problem (loss mitigation put an "8" instead of a "9" in the account number when they sent the approval letter). It was credited to a mortgage of a guy in Las Vegas. A simple keystroke error … (12 comments)
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Frank Wible, Foreclosure/Short Sales
Sewell,
NJ
More about me…
REMAX CONNECTION
Address: 5701 Route 42 South, Turnersville, NJ, 08012
Office Phone: (856) 228-7990 x 150
Cell Phone: (856) 745-7700
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