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.
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.