Replies to This Discussion

Permalink Reply by Tracie Norman on February 16, 2012 at 6:43pm

I'm working with one now.  You can get a lot of their stuff from mymidlandmortgage.com.  Tell your seller to go online, create an account, and add you as an authorized party.  That's the quickest way to get access.  They won't accept a non-midland Authorization.  phone 18005523000, authorization fax 405-858-3000, short sale package fax 405-767-5815

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Permalink Reply by Sylvia Noble on February 16, 2012 at 8:19pm

Thank you so much for your reply, Tracie!  The thing is, I already have the authorization in place plus the phone and fax numbers you listed... I even have the email address to their deliquency assistance center  (dac@midfirst.com) of which a rep said I can email instead of faxing the SS docs/packet.  Unfortunately, their website is down ... but I will try it again tomorrow. 

Is your short sale file with Midland's "loss mitigation/short sale department" already... or is their DAC still reviewing it?

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Permalink Reply by Denise Tower on February 16, 2012 at 7:54pm

My last experience was over a yr ago - DISASTER!!!! Nobody had a clue. Hope they have a better handle on it now,

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Permalink Reply by Heather Coley on February 16, 2012 at 11:11pm

Hi Sylvia. I did a short sale with Midland about a year ago. Mine was a decent experience. It was a very low price home at $45,000....what amazed me & everyone involved was they approved seller concessions of $5000!

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Permalink Reply by Sherry on February 17, 2012 at 9:35am

I found Midland pretty good to work with. My client had a 1st (Midland) owed 160,000. had a 2nd (Comerica) of 50,000.  Had an offer of 45,000. (Times are hard in Metro Detroit!) Midland wanted to take the deal but would only allow 3,000 to the 2nd. (Seems reasonable, right?) The 2nd (Comerica) would not accept anything less than 35,000. (SERIOSULY?!?!) Mr. and Mrs. Seller had filed bankruptcy, so there was no obligation due from them.

Seems crazy, doesn't it?

 

I did ask the Comerica Rep why would they rather get 0 dollars than 3,000 dollars?
His reply? 0.00 is the same as 3,000 to us.  Whoo! I was shocked, as was the Midland Mortgage folks.

 

Mr. Seller is currently riding out his redemption period.

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Permalink Reply by Vanessa Calhoun on February 21, 2012 at 10:39am

I've just closed on a Midland Mortgage short sale. They were pretty good. My seller's loan servicing was transferred to Midland a week after receiving short sale approval from Citimortgage. It took about two weeks for the loan information to be uploaded into their system and another 3 weeks to close after that. My Negotiator was accessible (which is ALWAYS a plus) and pretty easy to work with.

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