Be sure to find out if the loan servicer is scheduling a Service Release as this can delay a sale by weeks or even months in many cases.
A growing number of short sellers in San Diego County are seeing their deals suddenly fall apart and seller cash incentive bonuses disappear because the companies that accept and manage borrowers’ mortgage payments every month — like Citi, Chase and mainly Bank of America — are selling off the servicing rights to those loans to smaller companies for financial reasons. Read the full article: