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 be subject to review. We are not amused..our clients never knew this but their loan has lender-backed MI..we were originally informed no MI exists..so much for reliable information. Seller's are relocating so there is a justifiable hardship but these requirements are, to us,are highly unsual.
Have any of you had similar experiences? Are there any variances to these requirments? We have never had a client forced to submit IRA/retirement account information which is subject to the lender review. Any comments/advice will be greatly appreciated.
thanks,
Seth
Tags:
Handling a NationStar short sale now, only requires 2 months of bank statements.
Don't send them and see if she request them.
We have never been asked by any lender to provide six months worth of bank statements.
Started by Seth Russell. Last reply by Robin Kramer Feb 14, 2014. 3 Replies 1 Like
Started by Janice Wheeler. Last reply by Mike Linkenauger Nov 22, 2013. 2 Replies 0 Likes
© 2022 Created by Mike Linkenauger.
Powered by
Always seek legal advice and representation in legal and tax related matters. The Short Sale Specialist Network and LinkUp Realty assume no responsibility for the content of this website. The opinions, views and information should never be taken as legal advice. Keep in mind that this is an open forum website for anyone to join. The owners of this website do not directly offer short sale assistance on this site, nor do we guarantee or offer any type of screening prior to joining this website. Real estate agents posting on this forum do so at their leisure, and are not regulated by the site owner. Sawgrass Homes for Sale. Nocatee Homes for Sale.