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Updated about 16 years ago on . Most recent reply

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9
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Terrence Thomas, Jr.
  • Real Estate Investor
  • Tampa, FL
0
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9
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countrywide

Terrence Thomas, Jr.
  • Real Estate Investor
  • Tampa, FL
Posted

Hi, short sales

I need some feed back

I have 3 prospects with each one of them having a countrywide loan that they would like to short sale.

My concerns is i keep hearing people say dont work with countrywide it will be a waste of time.

When i ask why some of the feed back im geting is

1. they dont entertain any offers or order bpos unless its 66% of whats owed.

2. they dont short sale second homes or investment propertys.

3. when and if you do get a short sale approval letter it states the buyer cant resale the property for 30 days(deal killer).

Should i even try working with countrywide?Undecided

opinion and /or advise will be greatly appreciated

Please help me i really want to help these home owners.

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