I have a scheduled short sale appointment with a client who has a mortgage with E-TRADE BANK.  Has anyone done business with them and process?

 

 

Thank You

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Don't believe I have yet. Let me check with my processors to see if we have any deals with them. Seems like I had one but it got sold off recently...
Thank you Mike
Yes, I am doing one right now with them. They are the 2nd.
I am doing one right now with E Trade as the second. Any advice would be appreciated. Any advice at all.
Your post is a bit old at this point, so your appointment may have come and gone...

But I have a transaction in which E*trade is the second.

It is being handled by PNC in Pittsburgh.

Etrade’s short sales are handled by:

Jim Oberleitner
Sr. Asset Specialist
Debt Resolution
2730 Liberty Avenue
Pittsburgh,PA. 15222
(412) 762-6761 Phone
(412) 768-3562 Fax
Mailstop P5-PCLC-A1-H
james.oberleitner@pnc.com

Also:
412-762-9518
412-768-3562 Fax
4-person team

Ernie's Post is outdated now, Jim Oberleitner is now in business loans, no longer doing Short Sales, he asked that I post this info. I will re-post the new info. Since I am beginning a New Short Sale with E-Trade on first. I hope this helps.

one thing I have found with non mortgage lenders who got into the lending business when things were good is that they have very little knowledge of how loss mitigation works, and unrealistic expectations.  Insurance companies, stock brokers, and other entities are a world of pain when it comes to short sales.  So much so, that I no longer even consider taking files from ING Direct, Met Life, Aon, and others.  E-Trade is probably no different.

Hey Joseph -

 

I've done trnx with Met Life / First Horizon and obviously the one above with e*Trade.  Met Life was easy, and at the time, the e*Trade one was handled by PNC.

 

Best!

 

Ern

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