phh short sales: Cardinal Estates, Navarre FL - PHH Short Sale Approved
- 10/11/12 10:10 PM
This investment property at 2137 Estates Ci., Cardinal Estates, Navarre Florida, was just approved by PHH for short sale closing. Here are the details: Mortgage: PHH Mortgage (handles mortgages for companies like Coldwell Banker, Century 21, E*Trade, First Trade Union Bank, Carver Federal Savings Bank, Suburban Bank & Trust , First Tennessee Bank, Bank of the Sierra, Comerica Bank, Citizens Republic Bancorp, UBS, Provident Bank, UMB, Bank Atlantic, Banco Popular, etc. Balance: $168,000 appr Current Market Value: $85,000 appr Notes: This Cardinal Estates, Navarre Florida home was purchased as an investment property in 2006. It had one lien, PHH. Cartus Corporation handled the short sale process for … (0 comments)
phh short sales: Worst Short Sale Lenders of the Year Awards
- 01/02/10 03:35 AM
Each year I give out awards for the worst short sale lenders I have dealt with in the last twelve months. Congratulations to our 2009 winners! 1. PHH - Now Waiting 9 Months for Approval and Counting PHH Mortgage has had a VA Compromise Offer since February 2009 for a Niceville Florida short sale. They were so lame as to do a VA appraisal back in July, then let that expire after six months because they were so slow, and had to order a new one. The sale is still is not approved. 2. USAA will Wait for Short Sale Seller to Die … (11 comments)
phh short sales: PHH/Coldwell Banker Mortgage Approves Destin Short Sale - But Not In Timely Manner
- 11/29/09 02:59 AM
This Destin Florida home on 90 Legion Park Loop was just approved for short sale by PHH, who services Coldwell Banker Mortgage. Mortgage Balance: $400,000 apprSale Price: $185,000 apprFaxed short sale package: September 29 (final contract) AND April 24 (initial contract)Received Approval: November 19Time for Approval: Almost SEVEN months ** **Notes: Original short sale contract (buyer walked) was submitted on April 24. PHH/Coldwell Banker Mortgage never finalized approval on that submission. Thus, the second contract faxed on September 29 was just a continuation of the initial process. For several months, PHH would rarely return my phone calls, emails or have any information as to status of this file. This Destin … (8 comments)
PHH Mortgage is vying for Top Spot in my yearly list- "10 Worst Short Sale Lenders". PHH is a servicer of mortgages for companies such as Merrill Lynch Credit Corporation, Provident Bank, UMB, Bank Atlantic, Banco Popular, etc. Their poor service prompted today's email to the negotiator for a Niceville Florida short sale:
To: john.negotiator@mortgagefamily.comCc: terence.edwards@phhmail.comSubject: Short Sale - 0022940Importance: High
Hello Mr. Negotiator,
I am following up on VA Borrower, John Doe, short sale 0022940…. I was told you are now assigned to this file.
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