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**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 If you feel that any of this information has become outdated or is incorrect please contact us immediately.**

Midland Mortgage Short Sale

Misland Short Sale Negotiators. We're On Top.

 

Midland Short Sale Process

Sometimes your investor will require you to first apply for Midland Loan Modification but once you have been denied for it the Midland Short sale process is pretty basic:

  1. We place a call to Midland and talk to their councellor to initiate the process.
  2. You will be required to complete and submit the Midland Request for Mortgage Assistance.
  3. Property valuation will have to be scheduled and completed using a Broker’s Proce Opinion (Certain Investors Require Two Interior Inspections)
  4. Negotiate Terms With Midland About Short Sale Fees And Costs To Be Paid Out Of The Seller’s Proceeds.
  5. Lender (Midland) A Response To Short Sale Offer Made.

If you have been through the short sale process with Midland you will have noticed that it is never easy with them. A lot of turmoils have been faced. Repeating the same steps over and over again is typical during Midland short sale. It’s part of the process to know that we will have to run around from department to department at Midland Mortgage. The Loan Modifiation Department maybe needs to close it out, or the short sale department doesn’t have someone assigned to Midland 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.

Midland Short Sale Timeline

When dealing with Midland Loan’s Short Sale timelines vary on some very basic and other not so basic elements. These are just a few of the hoops we jump through when dealing with a short sale.

  • For one, Midland only works as servicer of mortgage notes. Therefore, Midland’s mortgage division has to abide by the PSA or Pooling and Servicing Agreement that governs the loans. This contract is directly between servicer and investor. PennyMac Corp does not always have the option to make the decisions themselves. The investor for which they are serviving the loan for has only delegated permission to Midland for some of the cases so for the cases the investor has not delegated Midland to make a decision 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. As always the greater the number of hands in the put the more layers of burueacracy you’re going to deal with.
  • Additionally, The fact that whether your Midland loan has a sale date or not greatly effects the short sale timeline. If it comes to stopping the sale so that the Midland short sale process can be completed, they can be very difficult to deal with. Your chances of getting bumped up in the process improve greatly if you can get a value completed. A company of Midland Mortgage size has homes being sold at auction every day. Sale dates even for the coming week are not working with ugency. Remember this business is a first come first serve but it is also influenced by foreclosure status and proximity to the sale date.
  • Finally, not all negotiators are good negotiators. This goes for both sides. Often miscomunication In the banking world can lead to certain failure. People become very specialized in this niche of representing homeowners infront of Midland 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.

Midland Short Sale Timeline Conclusion: Your Midland 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 Midland’s Short Sale Department compared to what the offer is that is being made to them, how fast Midland’s Loss Mitigation department received the Midland Short Sale Application documents are received (readble) and other factors will come together to effect how long it will take for your Midland Short Sale to be Approved.

If Your Midland Short Sale Was Denied There May Still Be Options.

 

How To Fix A Midland Short Sale Decline?

Often dealing with Midland Co. 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 Midland short sale offer was rejected. Have us review your declined short sale for free by calling us at 888-934-3444.

Midland Loan Servicing Contact Information

Midland Mortgage Customers

Midland Loan Servicing Complaints

Midland Home Mortgage Short Sale Reviews

Midland Short Sale Complaints

Often we have gotten on the phone with a Midland Loan for one of our Customers where we received an offer that changed at a later date. They told us the loan modification was approved and then later it was declined.

Midland 1 Star Review:

We got our house in 2008 and after our loan was sold to Midland Mortgage Company it went downhill. I did lose my job and they would not help us so we borrowed $ and after we did never heard anything else until we got a foreclosure letter. We tried showing them we were up on the payment. They said nope, knowing we did not have the funds to fight it in court after you go through options. We lost our home, 2 years this July, why are they even still in business. I don’t understand how they can be this bad tacking people’s homes and money and nothing is being done.

Vivian, Cleveland, TX

Midland 1 Star Review:

Newsflash!! Along with everything else Midland is doing. It is also stealing its customer’s Escrow Account if there is a positive balance when the account is transferred over to them. They continue to deny receiving $5,200.00 on my behalf and claim that my escrow account had a “negative” balance. Any dummy knows that a negative sign in front of any number is equal to a credit. The statement given to me by the prior loan holder clearly shows a credit balance on the statement and being turned over to the new lender. Check your statements! Keep all of your paperwork from your old lender! I can wonder how many other people has had their escrow monies stolen from them by Midland!!

S., Loas Angeles, CA

Don't Be A 1 Star Review

 

Don't Be A 1 Star Review

 

Midland 1 Star Review:

Due to threats from Midland Financial I filed for bankruptcy. Midland received a judgement against me which lead to the bankruptcy. In the bankruptcy the debts were discharged, years later I now find that Midland had placed a lien against my home. Nothing like circumventing the consumer laws. Midland is bound by a federal judge’s order and they take it upon themselves to violate a court order. Where is my protection from them?

Linda, Bakersfield, CA

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 Midland Mortgage.

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

ACG Specialist Here To Help Your Midland Mortgage.

Midland Short Sale News

PennyMac Corp. Short Sale

**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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