Countrywide and short sale - Posted by Tim (CT)

Posted by TheShortSalePro on July 19, 2003 at 15:47:25:

Countrywide is a large loan servicing organization. Not only do they hold and service their own loans, but service loans for others including FNMA, and a host of institutional investors. Your negotiations will depend upon the type of mortgage loan, and the mortgagee’s specific criteria with regard to accepting short sales.

Countrywide and short sale - Posted by Tim (CT)

Posted by Tim (CT) on July 18, 2003 at 12:58:14:

Anyone had any experience dealing with a short sale with Countrywide as the lender? I’m speaking with a seller who’s foreclosure is imminent. Apparently, Countrywide has been in contact with them to try and setup a payment plan to get them back on track. The seller is unable to accept their offer (no funds). I want to offer a short sale to the lender. I have a signed ‘authorization to release loan information’ form that I will fax over.

I do have the name and number of the person they’ve been speaking with and I do have a call into them to try and receive their short sale package. Just curious if anyone’s had any experience with this lender.