EMC Mortgage Short Sales

Information

EMC Mortgage Short Sales

Exchange tips and advice when dealing with EMC's mortgage loss mitigation and EMC Short Sales

Members: 37
Latest Activity: Jan 5, 2013

 

How To Short Sale A Home


EMC Mortgage Short Sale Department and Loss Mitigation Department Contact Phone Numbers and short sale information

800-723-3004
General Info: 800-723-3004
Fax: 917-849-2677
www.emcmortgagecorp.com

 

Discussion Forum

Ridiculous Valuation

Started by Sherry. Last reply by Smitty Jun 21, 2011. 1 Reply

Heres the history:Listed house at 129,000 in October, 2010.Reduced by 10,000 every 10 days until priced at 69,000Received an offer of 50,000.House has some serious deficiencies, so 50k is about in…Continue

EMC's new policy that Short sale department can't respond to e-mails sent by Realtors

Started by Catherine Hallberg. Last reply by Mike Linkenauger Feb 4, 2011. 1 Reply

I am in the middle of negotiations with EMC and have been corresponding with my negotiator by e-mail. Recently I was told that he can no longer send me e-mails. He can read mine, but can only speak…Continue

Comment Wall

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Comment by Will Pollock on March 9, 2011 at 7:17pm
google EMC mortgage & go to their web site.  follow links to "Having trouble making your mtg pmt..."  you'll find forms and instructions there.
Comment by Vanessa Calhoun on March 9, 2011 at 6:39pm
I'm getting ready to list a short sale in which EMC has the first and GMAC has the second. Does anyone have the short sale package for EMC??? I'd like to have it ready for my seller at our meeting without having to wait for EMC to send it.
Comment by Ana Huffer on November 29, 2010 at 5:31pm
Thank you Mike. Yes, they have the seller's only loan. The deficiency in this case would be over $160K. So far, this deal is going pretty smoothly but obviously I want to make sure my client's are protected. Hopefully, we won't have to go back and forth and threaten with BK.
Comment by Mike Linkenauger on November 29, 2010 at 4:48pm
EMC Short Sales are usually pretty good, especially if the service the 1st. They usually put pretty clear forgiveness language in their letters in my experience.
Comment by Ana Huffer on November 29, 2010 at 4:08pm
Hello! In working with EMC, have any of you had any luck in obtaining a waiver of the deficiency?
Comment by Cindy Billman, CDPE, SFR on September 1, 2010 at 8:30pm
Jill, do you know who your negotiator is?
Comment by Jill Eastman on September 1, 2010 at 8:23pm
Thanks Cindy!
I deeply appreciate any assistance you can give me with this one!
Comment by Cindy Billman, CDPE, SFR on September 1, 2010 at 7:26pm
I used to get EMC approval within 7 to 10 days before Chase took over -I still have contacts there and will try to find someone that will help escalate the process.
Comment by Cindy Billman, CDPE, SFR on September 1, 2010 at 7:24pm
David Little used to be the EVP of the Default Dept - don't know if he is still there or not
Comment by Jill Eastman on August 26, 2010 at 9:43pm
Hi all,

The offer I have received on a short sale listing has been countered by EMC at a price I cannot get for the property. Does anyone have a coporate (preferably CEO) contact info so I can do a corporate escalation?
Thanks!
 

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Discussion Forum

Ridiculous Valuation

Started by Sherry. Last reply by Smitty Jun 21, 2011. 1 Reply

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