auctioncom: Are You Trying To Avoid Nationstar and Auction.com Short Sales?
- 03/18/14 12:52 AM
I know I was. For months I battled with Nationstar trying to avoid the Auction.com "Verification of Offer" process. If you are not aware of the issue you can read up on it here. Is Your Short Seller Being Forced To Use Services They Don't Want? Anyway.......I fought the good fight and I lost :) So I decided to give auction.com a try and see if I could figure it out. The program has changed. The no longer take a portion or our commission. They honor the commission in the listing agreement including the split. This assumes the lender/investor doesn't … (3 comments)
Hi folks. Well here we are again with a new issue in the short sale world. It seems like every week it’s something new. This one started in early March. Nationstar Mortgage is now requiring their short sellers to place their properties on Auction.com. EVEN properties that are already under a current valid and binding contract. That’s right. Nationstar is requiring sellers that are already under contract to auction their property on Auction.com. I guess Nationstar and Auction.com could not care less if the seller is already bound by a legal contract. Supposedly it's to insure the highest and … (8 comments)
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