Nationstar

While none of my other HAFA experiences have ever been good ones, this Nationstar short sale was the exception to the rule and hopefully a sign of things to come.

My clients came to me when their two mortgages with Nationstar had become debilitating and their commute to work had become unmanageable.

After 6 weeks on market a buyer was secured and a full short sale package headed to Nationstar.

 A few weeks later I heard from our negotiator.

While my client was not “delinquent enough” to be approved for an in-house short sale, they could be approved via HAFA.  Despite 9-15 month timeframes on my previous HAFA approvals, seeing no other option I advised my client to go ahead and attempt the HAFA short sale.

To my surprise – Less than…

A Connecticut MorEquity Short Sale Success

Owed $210,000

Settled in FULL: $115,000

These Connecticut sellers called me in January of 2010. At their wits end, they knew they were between a rock and a hard place and desperately wanted to make the best of their situation. He had a loss of income. She was commuting 1.5 hours to work every day.

It was a struggle to make the payment every month and funds were running out.

The property went on the market at a fair price..or so we thought...Unfortunately we ended up chasing the market down for several months as the market fell apart far faster than anticipated. In April we secured a buyer.

MorEquity proved to be a breeze to work with ( as most small banks are) with a single person short sale…