Group for discussing short sales with Suntrust and strategies for getting mortgage short sales approved in a timely manor
Members: 140
Latest Activity: Mar 20, 2014
Started by Tracy E. Last reply by L. Marvin Bultena Jan 14, 2013. 5 Replies 0 Likes
We currently need to relocate for our jobs, however our house is underwater. Our house is located in Florida. I am being told that Suntrust will not even consider a short sale unless we are 60 days…Continue
Started by Fred Shocklie. Last reply by Janet Fuller CDPE, HRC, ABR Jun 20, 2012. 3 Replies 0 Likes
I just took a Suntrust short sale and am wondering if they are still as awful as the previous posts are saying. Anyone have any suggestions or contact information,.The homeowner had to call and give…Continue
Started by Sara Pichelmann. Last reply by Ken Morin Feb 27, 2012. 22 Replies 0 Likes
Has anyone have advise how to get Suntrust to move along faster. They took so long the buyer has walked and they want to start all over??? rather not.....
Started by Maggie Hood. Last reply by Ken Morin Feb 27, 2012. 1 Reply 0 Likes
does anyone have any recent experience with Sun Trust? I feel like I'm stuck in the ...." It's in Review...." maze designed to make us think someone is actually looking at the file. I have a very…Continue
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My buyer is seeking a short sale with suntrust on their primary residence. They have a second investment home with equity. Has anyone ever had an experience where Suntrust has tried to go after the equity in the investment property?
No I can;t say I have but I just started one with GMAC any suggestions?
does anyone have the new arms length forms that need to be notorized?
I think I have found the secret to dealing with SunTrust...don't. I got my deal away from SunTrust Mortgage and am now dealing with SunTrust Bank. I am not sure how I managed it but did find out that the file had been incorrectly coded as a loan modification and not a short sale. Fixing that got the file on the right track. I have also discovered that SunTrust Mortgage has a consent order from the Atlanta Federal Reserve Bank with an update report due July, 2012. If you would like a copy, send me a message. If you don't hear back from me, it means I haven't figured out how to get my messages. LOL.
Does anyone have an escalation number/contact for Suntrust? They keep losing documents and the sale date is fast approaching.
Thanks
Need help/advice on SunTrust. They have a new program - single point of contact. I'm wondering if it's their new way of keeping you hanging on even when there is NO PROGRESS. The guy's name is Rashon and he;s as nice as can be. All he ever says it "the file is in review". I'm thinking that could be forever......any suggestions? The seller already has a discharged bankruptcy so there is no debt owed. Is this better or worse when doing a short sale? Also, anyone ever deal with ThirdFederal? They have the 2nd and they are really being difficult.
any updates on Suntrust? I submitted a package 63 days ago (but who is counting?) and have had numerous problems. File put in retention instead of short sale; call back in five days for update; same response 3 times. Now it seems they have a Single Point of Contact and agents will not be able to speak directly w/ negotiator (if/when one ever gets assigned). Any feedback from others much appreciated!
SunTrust%20Short%20Sale%20Package-STI.pdf
Here is a short sale equity line package received from SunTrust as of 11/08/2011. Hope this helps.
I just got an approval on a 2nd in 40 days--- then it said no cash to them ? Had to have it corrected
Started by Tracy E. Last reply by L. Marvin Bultena Jan 14, 2013. 5 Replies 0 Likes
Started by Fred Shocklie. Last reply by Janet Fuller CDPE, HRC, ABR Jun 20, 2012. 3 Replies 0 Likes
Started by Sara Pichelmann. Last reply by Ken Morin Feb 27, 2012. 22 Replies 0 Likes
Started by Maggie Hood. Last reply by Ken Morin Feb 27, 2012. 1 Reply 0 Likes
Started by Ethan Gregory. Last reply by Amy Alvarez Nov 4, 2010. 2 Replies 0 Likes
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