01-09-2012, 04:54 PM
256 posts, read
116,209 times
Reputation: 297
"It's well-known in the industry that short-sales are processed with light-speed if the servicer is the bank that actually owns the note. Those "pre-approved" short sales, that only take a month to close are usually owned and serviced by the same bank. "
01-09-2012, 05:36 PM
Location: Phoenix AZ
2,199 posts, read
1,580,520 times
Reputation: 1968
Quote:
Originally Posted by
Burning Madolf
"It's well-known in the industry that short-sales are processed with light-speed if the servicer is the bank that actually owns the note. Those "pre-approved" short sales, that only take a month to close are usually owned and serviced by the same bank. "
Yeah, well - it
didn't work in my case - if anyone has a phone number for "First Horizon Mortgage Pass-through Certificates series FHAMS 2005-FA9", please pass it along...
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