BB&T will usually not waive the deficiencies in a short sale if they own the loan (if they are servicing the loan then there is a chance that the deficiencies will be forgiven). Like most smaller or regional banks and credit unions, they simply cannot afford to forgive all of the deficiency in a short…
- Tag: BB&T Buyout
What Agents Say
After working with the Wilde Law Firm on a recent short sale, I would not consider doing it otherwise again. We had many lender delays and I am convinced that it was only because the Wilde Law Firm had the respect of and excellent working relationship with the bank that we were able to get the necessary extensions in order to finally close. The submission of the proper documentation was also substantially easier because if something was missing, we were immediately notified by them. Our prior experience had been that if the bank was missing something they basically put the file aside and you had to try to find out what the delay was. They could not have been more attentive and their responses were always extremely timely and informative. We had numerous stumbling blocks that turned up but they addressed each one and accomplished our goal. Our office is now using them repeatedly with the same results.
Cynthia Horgan Realty World Cape Fear