Hello Folks-
I just heard in one of my latest Partner First training sessions that lenders and servicers are now sending out solicitation letters about short sales or a deed in lieu to gauge interest with the homeowner on how they would like to proceed with their mortgage/home after missing one or more payments.
The most recent list of lenders/servicers that are officially participating in the HAFA/HAMP program is as follows:
Bank of America
Citibank
GMAC
Wachovia
Wells Fargo
If you pay your mortgage to one of these companies and are behind on your mortgage payments, do not be surprised to find a letter in your mailbox asking if you would like to sell your home as a short sale. The letter will also ask if you're interested in a deed in lieu.
If you find yourself with one of these letters and want to discuss which option is best for you, please give me a call or send an email.
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