Sidney Kutchuk

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Certified HAFA Temecula Short Sale Agent

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Short Sales and Credit Unions.

Published February 4, 2011 in Temecula Short Sale - 0 Comments

Credit Unions and Short Sales are not a good mix.
Most of my clients Short Sales are with the banks like Bank of America,Wells Fargo,Chase…

Last month I took on a short sale were the loan was with a credit union. I received a short sale approval fairly fast.
Approval letters must be read very carefully. This approval was a very good one for the credit union. They offered the 
seller a approval only if he would sign a note for the total shortage. (I smell a BK)

Needless to say we rejected that offer and countered back with no seller note. I believe this credit union will feel the loss
more than the larger banks,but they need to be more realistic and come back will a much smaller note to make this short sale work. I will continue to find a middle ground and save this home from foreclosure. 

 

 

Temecula Short Sale Agent, Cyber Sid at your service,Short Sale QR Code

Sidney Kutchuk  AKA…Cyber Sid
      SHORT SALE AGENT    www.aShortSale.com
   
CALL ME, 951.215-6745 cell

 41720 Winchester Rd #I  Temecula Calif. 92590      951.676-4663    DRE# 01156692 

 

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