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Robin Fraser's Blog

By Robin Fraser | Agent in Las Vegas, NV

AND ANOTHER LENDER TRIES OUR PATIENCE!

 AND ANOTHER LENDER TRIES OUR PATIENCE!  It amazes me that a lender for a second mortgage goes to the extreme to make things impossible for a seller to complete a short sale.  Coming back with ridiculous demands that are unheard of in this time and market.  We are not giving in nor are we giving up.  


Just another one of our files where we use all of our resources and roll up our sleeves to continue the fight for what is right for our clients.   

 

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Comments

By Paul Watkins,  Fri Jan 24 2014, 14:37
Hello Robin,

Our company offers folks a 2nd Chance loan 1 day after the short sale or foreclosure closes. They have to have 20% down with a 660 credit score. This may not be the case for you current short seller but it may work for one of your other past clients.

Copy and paste the link below to see how this stacks up to other conventional loans waiting periods.

http://contracostahomesearch.com/blog/Seasoning+Requirements+Foreclosure+Short+Sale+Bankruptcy

Good luck with the short sale,
Paul Watkins
Banc Home Loans
925.705.5115

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