Friday, March 28, 2008

Short Sale and CWBC or CW

CWBC short sale is with invetment properties. This CW deal is a short sale with countrywide. Is loss mitigation ever going to answer the phone and explain the short payoff with countrywide (CW) or do I need to talk to CWBC? Or is that CNBC?

Either way the short sale on investment property is the question of the day.

Foreclosure and short sales is a new policy for short sales at countrywide on invetsor loans. This has not been confirmed with loss mitigation and is just a rumor at this point. The short sale deal may or may not be with countrywide and you must pay the loss mitigation fee prior to entering the tanning salon. Foreclosure awaits the loss mitigator.



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