Welcome to the RealTown Real Estate Network!
Member Login | Join RealTown
The Real Estate Network
RIS Media

Short sales with NationStar

Licensed Real Estate Agent

Wayzata, MN

July 29, 2011

Anybody have experience with NationStar in a short sale? The investor is Fannie Mae. Have a name and phone number but can't get ahold of them. The asked my seller to bring $20,000 to closing. My seller did not have that amount and countered with $7,500 all he had. They did not counter it they closed the file and rejected it outright. Any Ideas? Bill Dobbins bill@thedobbinsgroup.com 612-719-3236

Licensed Real Estate Agent

Encino, CA

July 30, 2011

HI Bill,

Nation star is the worst in my book. Yes similar experience. Horrendous customer service. They just don't reason and are hell bent on foreclosing. They have very unrealistic expectations. I have written several blogs about them . I have closed over 150 short sales but never encountered anyone like them.

They are ridiculous.

Pebble

Licensed Real Estate Broker

Sun Lakes, AZ

July 30, 2011

Bill Dobbins wrote.... "Anybody have experience with NationStar in a short sale? "

I recently had a short sale approved with them for a given value. The buyer then walked away. I put the home back on the market and immediately got another offer for $5K more than the approved price. When I emailed my NationStar rep (three times), I know that he read my emails.... but he would not communicate with me and the house then went into foreclosure. Go figure!!

I give NationStar low marks on Communication! It is a shame when you have a ready, willing and able buyer at more than full price and the lender can't communicate!

Bill Winward

Associate Broker

Arizona Elite Properties.

Licensed Real Estate Agent

Surprise, AZ

July 30, 2011

Had a very satisfactory Short Sale close with Nationstar. Contact information: Larry Tyler, Foreclosure Prevention Manager 866-312-2432X2458 Lewisville, TX Phyllis Borchardt Atlantic & Pacific Real Estate Surprise, AZ 85387 phyllis.borchardt@apreus.com (623) 521-0790

Licensed Real Estate Agent

Wayzata, MN

July 31, 2011

Thank you everyone.

This is my first and I hope last experience with NationStar.

I have a full price offer and a cash full price offer as a backup. I am just trying to save a family that had their income cut by half due to a death in the family. Young kids we all know the story.

I appreciate your thoughts!

Thank you,

Bill

Licensed Real Estate Broker

HR, CO

July 31, 2011

Nationstar is on equator - maybe that will help the process.

Reply to Discussion

Please log in to post a reply to this discussion.