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NationStar Mortgage

Members: 22
Latest Activity: Oct 22, 2015

Discussion Forum

Nationstar requirements?

Started by Seth Russell. Last reply by Robin Kramer Feb 14, 2014. 3 Replies

My partner and I are entering a short sale listing with Nationstar and we're both amazed...Nationstar requires the Seller submit 6 months of bank statements and document any IRA accounts that might…Continue

Forms and contact numbers

Started by Janice Wheeler. Last reply by Mike Linkenauger Nov 22, 2013. 2 Replies

I am trying to find and get the forms to do a short sale. I have one client's who's second was just sold to Nationstar and another new client whose first is with Nationstar. I have googled and gone…Continue

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Comment by Janice Wheeler on October 22, 2015 at 4:16pm

I am looking for a contact phone number to Nationstar's short sale dept. They aren't responding to requests to open a short sale thru equator.

Comment by Raul Lozano on April 17, 2014 at 7:35pm

Good for you, I hope I have a successful closing to.

Comment by Sally Rackey on April 17, 2014 at 7:33pm

Hello Raul:  Yes, I had a contract dating back to June 2013.  In spite of the fully executed contract, in February this year, Nationstar required that the property be placed at auction with auction.com and the property was to be available for showings.  With a tenant who would not cooperate, buyers had to rely on photos.  Interestingly enough, the auction occurred on line over a 3 day period, and the original buyer got the property.  Everything is proceeding smoothly at this point -- finally.

Comment by Raul Lozano on April 17, 2014 at 6:26pm

Thank you for your update Debbie, I may list a property and they are the lender, the loan modification was denied two times already the pre-foreclosure is on file with no sale date yet.

Comment by Debbie Tuttle on April 17, 2014 at 6:21pm

I am on the tail end of completing a short sale with NATIONSTAR. Yes, they required us to list it on Auction.com, hold an Open house with Auction.com signage and use certain verbiage in our descriptions. We complied I did a 2 hr Open House and it met the obligation. I used the signage but also used our Brokerages OH signs. I then went back and removed all changed verbiage and we proceeded.  Yes they require more months of documentation and yes there are many paperwork "hurdles". Short Sale finally approved after 4 more months of being patient and keeping financials updated in Equator even before they asked for them. Must be "their paperwork signed and their processes followed. Been doing Short Sales for many years and it just becomes the "process" of each bank as to what that is.  Followed it as much as possible and we have an approval closing end of this month with no Prom note and no Seller contribution  and relocation funds for my Sellers. Patience with this bank pays off. But communicate as I escalated the file 2 times to get this done.

Comment by Raul Lozano on April 17, 2014 at 6:02pm

Hi Sally is this true about Nationstar using Auction.com? Please responde. Thank you.

Comment by Sally Rackey on February 12, 2014 at 10:30am

Anyone have any comments about Nationstar's use of auction.com and requiring sellers to place a property on auction before Nationstar will negotiate a fully executed contract?

Comment by Flora Tibbetts on April 7, 2013 at 8:30pm

Just finished an amazing workout for modification for an elderly couple.  I am  so happy I

 

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Discussion Forum

Nationstar requirements?

Started by Seth Russell. Last reply by Robin Kramer Feb 14, 2014. 3 Replies

Forms and contact numbers

Started by Janice Wheeler. Last reply by Mike Linkenauger Nov 22, 2013. 2 Replies

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