Information Disclaimer

**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. The information found on this page is for educational and convenience purposes only. The information found on this page should be considered as opinion and not fact based on our experience with lenders over 10+ years. Consult your mortgage servicer directly or a professional before using any of the information found on this site. If you are seeking an intermediary to assist you in getting help with your mortgage you may contact us at 888-934-3444 or via email at [email protected] for further review for a no fee, no obligation, consultation. If required you may be referred to a local professional or legal counsel for additional assistance with your mortgage. Please read through our Disclaimer page for additional details. We do not represent in any way any financial institution named on this page. If you feel that any of this information has become outdated or is incorrect please contact us immediately.**

BB&T Mortgage Corp. Short Sale

BB&T RMA Short Sale Package

Mortgage Assistance Form.

BB&T Short Sale Decline

BB&T Short Sale Denied?

BB&T Mortgage Short Sale Negotiators. We're On Top.

 

BB&T Mortgage Short Sale Process

In majority of the cases it is a requirement from the investor that first you will have to apply for BB&T Loan Modification but once you have been declined for it the process for the short sale is pretty basic:

  1. The BB&T Short Sale process is initiated when our agent places a call to BB&T Corp. and talk to their councellor.
  2. It will be required of you to submit the BB&T Request for Mortgage Assistance with all the supporting documents and complete finances.
  3. Property valuation will have to be required by Broker’s price opinion (Certain Investors Require Two Interior Inspections)
  4. Terms will have to be negotiated with BB&T Mortgage Corp. about Short Sale Fees And Costs To Be Paid Out Of The Seller’s Proceeds.
  5. Lender Provides A Response To Short Sale Offer Made.

The company is not easy to deal with and whoever who has been through the short sale process with them will know this. A lot of turmoils have to be faced during the process.During the short sale process it is a common practice that you will have to repeat the same steps over and over. It is good for you to know that we will have to run around from department to department during the short sale negotiations. The Loan Modification Department maybe needs to close it out, or the short sale department doesn’t have someone assigned to BB&T Customers Service Department; Above all you need to know better when they are sending you in the wrong direction. Often clients come to us after submitting the wrong information on their application, getting denied, and not being able to figure out what happened. We can help you review any declines.

BB&T Mortgage Short Sale Timeline

It can really help the process if you know what effects the timeline when dealing with BB&T short sale process. These are just a few of the hoops we jump through when dealing with a short sale.

  • For one, Bayview Loan Servicing is just a company that services mortgage notes. BB&T Short Sale Application is generally only a piece of what governs BB&T’s mortgage servicing as they have to bide by the PSA or Pooling and Servicing Agreement that sets the rules for each and every loan; This contract is directly between servicer and investor. It is not always an option for BB&T Loan Servicing to take all the decision themselve. The investor has only allowed the company to take some of the decisions themselve. For decision that they are not allowed to make, they have to get permission from the investor. Some investors such as Fannie Mae (FNMA) and Freddie Mac (FHLMC) have pulled almost all decision making authority from many servicers. The more layers of burueacracy you’re going to deal with the longer it’s going to take.
  • Additionally, The fact that whether your BB&T loan has a sale date or not also effects the short sale timeline greatly. If it comes to that the foreclosure has to be stopped so the short sale process can be completed, the company can be difficult to deal with. If you can get a value completed often your chances of getting bumped up in the process improve greatly. As a loan servicer they have homes being sold at auction every day. Sale dates even for the coming week are not worked with ugency you would expect. As a first come first serve business model it can also be influenced by foreclosure status and proximity to the upcoming sale date (if applicable).
  • Finally, not all negotiators were created equal; This goes for both sides. Often miscomunication is the number one reason while a short sale fails. People become very specialized in this niche of representing homeowners (borrowers) infront of BB&T Mortgages in these financial application processes to find mortgage assistance. Often you will be put though the multiple levels of management including approval from an investor as mentioned above depending on what their total losses are.

BB&T Mortgage Short Sale Timeline Conclusion: Your BB&T Short Sale Timeline will vary based on many different factors. Decisions can be made in house will clearly be quicker than those that have to be sent out for appoval., what the value comes back at from the appraisal completed by BB&T’s Short Sale Department compared to what the offer is that is being made to them, how fast BB&T’s Loss Mitigation department received the Bayview’s Short Sale Application documents are received (readble) and other factors will come together to effect how long it will take for your BB&T Short Sale to be Approved.

If Your BB&t Short Sale Was Denied There May Still Be Options.

 

How To Fix A BB&T Short Sale Decline?

Often dealing with BB&T Mortgage and how they deal with short sale buyers offers being declined may be confusing. Often they will not be clear not only as to why but if there is anything that can be done to fix it.  Here at ACG we review dozens of points in order to understand why your BB&T short sale offer was rejected. Have us review your declined short sale for free by calling us at 888-934-3444.

BB&T Loan Servicing Contact Information

BB&T Mortgage Customers

BB&T Complaints and Reviews

BB&T Mortgage Reviews

BB&T Mortgage Complaints

Often we have gotten on the phone with a BB&T Loan for one of our Customers where we are given the run arround. They can be very difficult to work with and making matters worse is their rude agents on the phone. When dealing with a Loan Servicing where the people on the phone make you feel like they don’t care getting a straight story can be difficult with your BB&T Mortgage.

BB&T 1 Star Review:

I am so disgusted with BB&T and would not advise anyone to get a mortgage loan or home equity loan from BB&T EVER. I have had nothing but problems with them since getting this. Now I am on SSN only and this has been one hassle right after another. Every time I call them about the issue, they give me a different answer. When I make a payment and want to apply it to principal only then they want another payment in addition to what I am already paying which is more than what they say I owe for the month. Over and over again and they keep adding late assessments because they said I wanted my payment to apply to principal… How stressful, in 3 yrs I have been made a widow, diagnosed with Leukemia and lost my job due to a RIF…

Cheryll, Forest City, NC

BB&T 1 Star Review:

If you are looking for the worst customer service team in the mortgage/banking business, then BB&T is your bank. For the Records. We both have a credit score of over 760. We were putting down 40% (money coming out of one of our accounts in the BB&T bank). We were buying new construction home. We had more than enough money in the BB&T system to cover the mortgage balance two times over. That said, we spent: 6+ weeks of watching them drop the ball, 6+ weeks of broken promises. 6+ weeks of doing the same exercise over and over again, 6+ weeks of listening to them passing the buck………….. Marc, Flowery Brach, GA

Don't Be A 1 Star Review

 

Don't Be A 1 Star Review

 

BB&T 1 Star Review:

More than 3 months ago we refinance our mortgage with another bank. The first flag was that they calculated our “payoff balance” 2 payments higher than actual balance. Even though we never been a single day late for our payments! That made us bring $1300.00 more to our closing (with another bank) – BB&T refunded us overage 3 weeks later. The second (still going on) they took $2200.00 from our escrow for paying our tax which they never paid!!! Nor refunded to us!!!! We had to bring from our pocket $2200.00 more for property tax to a new closing. 3 months later BB&T have not refunded us for $2,200.00!!! So many phone calls to BB&T. They lied that they paid tax. We called Tax Services and confirmed that they did not (we paid at closing), then BB&T lied that they will refund in 2-3 days, 24 hours… we haven’t seen dime yet!!! Aida, Charlotte, NC

1 Star Situations Happen Every Day

 

ACG 5 Star Review:

Tried modifying my mortgage loan on my own, twice actually, but no luck. Until I called ACG. [I] got my loan mod approved and all is well. Michael, Woodland Hills, CA

ACG 5 Star Review:

We were struggling trying to get assistance in keeping our home for over a year when I was introduced to ACG Today both my homes are modified and our family has a chance for a fresh start. Patricia, Porter Ranch, CA

ACG 5 Star Review:

I have worked with [the] team personally and professionally referring them many clients over the past few years. If you need help with a loan modification, short sale, or want to avoid foreclosure I highly suggest you use Absolute Consultant Group! Daniel, Santa Clarita, CA

You Know You can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your BB&T Mortgage.

You Know You can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your BB&T Mortgage.

BB&T Short Sale News

BB&T Mortgage Foreclosure Process

**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. The information found on this page is for educational and convenience purposes only. The information...

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BB&T Mortgage Deed In Lieu Of Foreclosure

**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. The information found on this page is for educational and convenience purposes only. The information...

read more