Special offer

New Short Sale Requirements for Buyers of Nationstar Short Sales

By
Real Estate Agent with HomeSmart Encore - Las Vegas S.65708

Thanks to Las Vegas attorneys Black & LoBello for this article.

Snippet from their article: 

Nationstar Mortgage is imposing a new requirement on the buyer, one we are seeing for the first time.   In order to obtain approval from Nationstar to conduct a short sale, the application states that "all Buyers requesting a "Short Sale" on a Nationstar property must submit an application for Loan Approval through Nationstar Mortgage before an offer can be accepted on a property.  Applicants are not required to use Nationstar to fund their loan.  They buyer, however, does have to submit an application to confirm that they qualify for a loan and are in good credit standing.

Click on the link below to go to their site to read the whole article:

Nationstar's New Short Sale Requirements for Buyers

New Short Sale Requirements for Buyers of Nationstar Short Sales

Las Vegas Short Sale Agent Realtor® Dawn Barrier*Short Sale Help*Las Vegas

LAS VEGAS 1 Story with a Pool *3 Car Garage*Centennial Hills, Providence Short Sale*$189,900

More about me...  Dawn Barrier @ Century 21 Realtor®

If would like to sell or purchase a Las Vegas home , North Las Vegas home or a Henderson home give me a call (702) 812-4550.

Dawn Barrier SHORT SALE SPECIALIST,CSP® Las Vegas Short Sale Realtor®   

North Las Vegas Short Sale Agent, Las Vegas Short Sale Agent, North Las Vegas Short Sales, North Las Vegas Short Sale Specialist, North Las Vegas Homes For Sale, North Las Vegas Realtor, 1 Short Sale Agent in Las Vegas,
Short Sale my home, short sale your home, help with short sale, help with Las Vegas Short Sales, List my short sale, sell my short sale,Las Vegas Short Sale Specialist, Las Vegas Short Sales, Las Vegas Short Sale Documents, How to do a Las Vegas Short Sale,Las Vegas Short Sale Realtor, short sale listing agent 
Bank of America Short Sale Agent, bank of america short sale specialist,Las Vegas Bank of America Short Sale Agent, Approved Short Sale Agent, Century 21 Agent, Century 21 Short Sale Agent, Century 21 Realtor,
Nevada Short Sale, Nevada Short Sale Agent, Centennial Hills Short Sale Agent, Centennial Hills Short Sales, Centennial Hills Homes For Sale, Summerlin Short Sales, Summerlin Short Sale Agent, Summerlin Short Sale Realtor,
Henderson Short Sale Agent, Henderson Short Sales, Green Valley Short Sales, Mountains Edge Short Sale, Short Sale Specialist, Short Sale Experts, Short Sale Realtors, Las Vegas Short Sale agents,
Nevada Foreclosures, North Las Vegas Foreclosures, Green Valley Foreclosures, Centennial Hills Foreclosures, Summerlin Foreclosures, Mountains Edge Foreclosures,  Las Vegas foreclosure agents, Las Vegas REO agent

 

Posted by

Dawn Barrier at HOMESMART ENCORE Las Vegas, Nevada

s.65708  

 

(702) 812-4550 

Las Vegas, Nevada   

 
 

 

 

Blog & Website Disclaimer-This is a personal blog.

All information is provided for entertainment, informational purposes only and is Not legal advice, consult an attorney or financial expert for legal advice. This is general information and is not intended to provide advice on any specific question or transaction. Parties to any real estate transaction should seek competent legal and/or tax counsel to determine the legal, credit and tax consequences of buying or selling a home.  The opinions expressed here represent my own & not those of my employer.  Dawn Barrier will not be liable for any errors, ommissions, accuracy, validity, currentness, suitability, completeness or any losses, injuries or damages arising from its display or use. Listing your home for sale and attempting to do a Las Vegas Short Sale is a possible solution to avoiding foreclosure but not a guarantee that your lender won't foreclose or pursue other means of collecting the unpaid debt between what you owe and what the home may sell for.  Copyright © 2020-2008 Dawn Barrier. All Rights Reserved. Any Stats are per the Las Vegas area MLS or public records as of this writing or as noted.

 

Any Stats are on Resale Single Family homes only (unless otherwise noted) per the Las Vegas MLS & or public records as of this writing or as noted, covers the Las Vegas Valley, North Las Vegas, Henderson area or as noted.

All photography on this site are the property of Dawn Barrer unless otherwise noted and are  protected by U.S. Copyright laws and are not allowed to be downloaded or reproduced in any way without written permission of Dawn Barrier.If you would like permission to use a photo please email Dawn     Important Notice -This is a personal blog.

 

HOMESMART ENCORE Las Vegas Dawn Barrier

(702) 812-4550

s.65708

Comments(4)

Joe Yates
eXp Realty - Medford, OR

I have seen this in the past but I think it was a different lender and according to them the buyer didn't qualify. The buyer picked a different property rather than hassle with it.

Dec 02, 2010 12:21 PM
Dawn Barrier Las Vegas Real Estate
HomeSmart Encore - Las Vegas - Las Vegas, NV
Homes in Las Vegas Nevada 702-812-4550

Yes, it is a bit too much to ask this of a buyer in this market with so many homes available they most likely will move on to the next one.

Dec 02, 2010 12:27 PM
Mike Mitchell
Kee Realty - Saint Clair Shores, MI
REALTOR (R)

Nationstar also requires this on their REO listings.

Dec 02, 2010 01:59 PM
Dawn Barrier Las Vegas Real Estate
HomeSmart Encore - Las Vegas - Las Vegas, NV
Homes in Las Vegas Nevada 702-812-4550

yes, and we see it also with Wells Fargo reos and Bank of America reo as well, but an reo is typically a quicker turn around time versus a las vegas short sale.

Dec 07, 2010 08:10 AM