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Updated about 10 years ago on . Most recent reply

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592
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Frank Jiang
  • Investor
  • San Diego, CA
765
Votes |
592
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Short Sale: Nationstar and Auction.com

Frank Jiang
  • Investor
  • San Diego, CA
Posted

Hello BP

I opened escrow on a short sale in Memphis TN a few weeks ago.  Today, I get a call from the seller's agent stating that the primary loan holder, Nationstar, are requiring that this house be put up for auction to "validate" the purchase price.

I did a little research into this relationship and although it seems shady as hell, I'm not really sure what options I have.

Does anyone have any experience with Nationstar short sales and the Auction.com process?

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