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Not Every Nationstar Short Involves an Auction
The biggest problem with Nationstar short sales is they don't seem to want to participate in the HAFA short sale program, and probably the reason they don't do it is because they can make a lot more money by doing the auction scenario. I mean, they have to make money from the auction. They own the auction company, and they charge an additional 5% to the buyer, providing the buyer is not the original buyer presently in contract.
I can honestly say I have never really completed a Nationstar short sale auction because nobody outside of the transaction has ever submitted a bid that was accepted during the auction process, and the one time a bid won the auction, it was our original buyer who had submitted the winning bid, and then he canceled anyway so we had to start over.
However, not every Nationstar short sale is allowed to go to the auction process. You can read more about how this works in my personal blog today at this link: How a Nationstar Short Sale With Freddie Mac Closed After 6 Months.
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