PHH 
CT short sales with PHH Mortgage Services.
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Trying times with PHH Mortgage Services: A CT short sale success story
Tuesday, November 29th, 2011 at 8:11am. 152 Views, 0 Comments.
This was the first time I had the "pleasure" of handling a short sale with PHH. This particular lender is by far one of the most disorganized, confused and slow short sale lenders I have seen in quite some time, and I see many.
Our first buyer was secured after two months on market and then the fun and games began. Despite our promises of preapproval and a full package being submitted two months prior, nothing had been accomplished at PHH. After securing the buyer ANOTHER 2.5 months of paper shuffling followed until a BPO was finally ordered for the property. During this time we managed to both lose our original buyer, but also secure a second fairly quickly. Unfortunately, by this time my client also became involved in mediation. Lawyers…