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 If you feel that any of this information has become outdated or is incorrect please contact us immediately.**

Seterus Bank Home Mortgage Short Sale Application, Forms And Packages

Short Sale Package PDF

Take the first step to getting started on your short sale. Download Forms Here.

Next Steps

Find out what’s next. Make sure you cross every ‘T’ and dot every ‘I’.  No Mistakes!

Other Mortgage Programs

It may not be too late to try other options. We can review what’s out there.

Get Seterus Bank Mortgage Loan Forms

Take the first step to getting started on your short sale. Download Forms Here.

Next Steps

Find out what’s next. Make sure you cross every ‘T’ and dot every ‘I’.  No Mistakes!

Other Mortgage Programs

It may not be too late to try other options. We can review what’s out there.

Are You Still Dealing With Seterus Bank Home Mortgage By Yourself?!

Click To Be Connected To A Pro Near You.

😂Are You Still Dealing With Seterus Bank Home Mortgage By Yourself?!😂

Click To Be Connected To A Pro Near You.

Limited Time Offer Coupon!

FREE  Custom Seterus Bank Mortgage Strategy Session With A Seterus Bank Mortgage Experienced Team Member.

Ocwen RMA Loan Modification Package Forms

Limited Time Offer Coupon!

FREE  Custom Seterus Bank Mortgage Strategy Session With A Seterus Bank Mortgage Experienced Team Member.

Step 1:Seterus Bank Mortgage Short Sale Experts

Find out why no one knows more than we do.

Finding The Right Short Sale Agent

Finding The Right Agent

Short sale is a common occurring but still a very few professionals in the market know how to properly deal with it. So, it is very important that you find the right person for the job. We have got a great team of professionals ready to help you if you have not been able to figure out where to turn to. Click here to request a call from a short sale pro or call 888-934-3444. 

Get The Short Sale Listing On The Market

Get The Property Listed!

The next important step you have to do is to get your property listed to keep the process going smoothly. It is not usually allowed by the lender to just bring an offer to them. You may be asked for documents such as the MLS Listing and MLS History as a proof that the short sale has been properly listed. If you want to move forward with the process than this process should have been completed properly. The first document required to get your short sale going is the listing Agreement.

Pro Tip: Many lenders will require you to list for a minimum of 5 days and a weekend before accepting an offer.

NOTE: Seterus Bank Mortgage may sometimes prequalify you for the short sale and even tell you to what to list the home as in some cases. Know that all of this is misleading because when you get an offer they will still need to do a full and standard short sale review.

 

Step 2: The Short Sale Offer

Making an offer on a Seterus Bank Mortgage Short Sale is more than just a number!

Real Estate Short Sale Definition

What is a short sale?

A typical short sale is like an ordinary sale but in this case the offered amount is not enough to pay off the debts taken against the property. It is impossible for any lender to review your application unless you have an offer on the property. The thing that the lender wants to see from the offer is that what will be the net amount that you are making them after the costs have been deducted from the amount. This includes past due taxes, attorney fees, non-recurring closing costs,  settlement fees, title fees, and anything else that may apply.

Best Short Sale Buyer

Find The Right Buyer For Your Short Sale

Strong Short Sale Buyers

Patience is the most important quality a buyer should have. A buyer willing to wait is in the long run better than an all cash buyer and the buyer whose offer is more than the others. Your broker needs to interview the potential buyers to make sure they are a good fit. The broker representing the buyer is as important as the buyer.

Previously Approved Short Sales

Previously Approved Seterus Bank Mortgage Short Sale

It has been seen that some brokers mislead the customers by advertising that their previous short sale was approved by Seterus Bank Mortgage because even if it was previously approved and all the terms were met they will still need to make a full review.

Pro Tip: Lenders can only review one offer at a time. The process can be hard and have a lot of hoops to jump through. Make sure you choose the one most likely to close. The highest offer is not always the best offer.

Step 3: Submit Seterus Bank Mortgage Short Sale Package

Thoroughly review your documents. The wrong information can hurt you!

Seterus Bank Mortgage Short Sale Submittal

Submiting Your Short Sale Package to Seterus Bank Mortgage To Get The Process Going.

What is in the Seterus Bank Mortgage Short Sale Package?

Mostly the documents required are same for every lender. The following is the list of documents which are required: a listing agreement, a purchase agreement, proof of the buyer’s ability to perform such as proof of funds or a prequalification letter from the buyer’s lender. That’s only the beginning. As a short sale seller they require you provide your financial information such as a monthly budget, your tax returns for the last two years along with a 4506t to show the returns were actually filed, pay stubs or proof of income like a profit and loss, bank statements, reason for requiring to do a short sale, and a hardship letter.

Pro Tip: In most cases working with a skilled team such as ours should be able to pick out the items that will most likely be asked of by your lender. If your lender has to request items it’s likely they passed over your short sale when it could have been reviewed.

Step 4: Seterus Bank Mortgage Short Sale Broker's Price Opinion (BPO) or Appraisal

 

Seterus Bank Mortgage Short Sale Value

Getting The Right Value Goes A Long Way.

It can only be confirmed whether you qualify for a short sale or not after completing a valuation. In most of the cases an agent completes a valuation. Qualities and features of properties which are similar compared by the agent. They consider the homes perceived condition, the size of the living space, the size of the lot, how many stories it has and whether or not it has a pool. They will also consider market conditions and how fast homes are selling in the area. There are many factors they take into consideration.

Seterus Bank Mortgage Short Sale Appraisal

Short Sale Appraisal Values

The investor whom Freedom Mortgage is representing is already facing a loss so they will need to make a valuation. Sometimes the investor will need a deeper view in which case they will get an appraisal. Appraisers have specific licenses that are for valuing properties. Some investors such as Fannie Mae (FNMA) complete two appraisals. The type of value completed varies from lender to lender and investor to investor.

Seterus Bank Mortgage Value Disputes and Variances

Filing Value Disputes and Variances

Sometimes a value returns too high then what? This is a common occurrence and can happen to both rookies and experts. No matter how hard you try and meet regularly with the broker but still they compare properties that have nothing in common because they are not from the area and this happens often and to both rookies and experts alike.

Pro Tip: Short Sale Variance is an opportunity to apply for a short sale servicer such as Seterus Bank Mortgage to vary from their typical practices. Often values are good from the day they are completed for 90 days; Sometimes longer.

Step 5: Finalize Short Sale Terms

 

How Long Does A Seterus Bank Mortgage Short Sale Take

Seterus Bank Mortgage’s Short Sale Time Line Coming To An End.

This is the time when the undersigned will decide whether approve your short sale and present it to management or not to forward your file. In most cases there is an auditing process before submitting the file to management and if approved there is often another auditing process the occurs before an approval letter is issued.

Seterus Bank Mortgage Short Sale Counters

Seterus Bank Mortgage Counters Short Sale

This can also be the time when the undersigned may not like the terms and may issue a counter to your application or may even reject it. A person needs a very unique set of skills to compete with either of these situations that can be gained only by experience. Anyone can get the easy ones done but it’s the difficult transactions that separates that experts from the rookies.

Step 6: Closing A Short Sale

 

Short Sale Escrow

Short Sale Escrow.

Escrow of a short sale is just like a typical escrow process once all the lien holders have given their approval than you will be allowed to move forward.A title search is issued before this time to ensure everyone with an interest in the property is dealt with.

Short Sale Extensions

Seterus Bank Mortgage Issues Short Sale Extension

What if the approval letter expires and we have not been able to complete the short sale process? We get this question all the time and honestly, there is not a simple answer to this. It depends on delinquency of the mortgage, whether the value they have expired, and many other details. Consult one of our professionals if you need more time to see what we are able to get approved with Seterus Bank Mortgage’s Management. Results may vary greatly but the best part of our services is we only get paid if the transaction successfully closes (we are gernerally paid from the real estate comissions awarded to the agents involved and paid out of Seterus Bank Mortgage’s net).

Pro Tip: Week one. Strike that. Within a few days of having all the approvals in line you should be able to tell whether or not this buyer is going to really perform. The right professionals apply pressure to all the parties involved to ensure the transaction gets done!

 

We've Been Dealing With Seterus Bank Mortgage For Over A Decade!

Click To Be Connected To A Pro Near You.

😂Don't Get Lost In Seterus Bank Mortgage's Web!😂

Click To Be Connected To A Pro Near You.

How Does ACG Get Paid?

If you want to sell your property on time then we have a great team of professionals willing to work with the local broker to do this. Seterus Bank Mortgage gives  us our compensation for our services directly from the escrow closing account. If in the end short sale does not close then we will get nothing out of it. In most of the cases the seller does not have to pay anything out of their pocket as we get our payment from the amount paid to the brokers involved in the deal. Call for details 888-934-3444.

Understanding The Seterus Bank Mortgage Short Sale Status

The Seterus Bank Mortgage Bank short sale package is not an easy document. Seterus Bank Mortgage have not yet been seen even a little interested in making the process any simpler for its consumers but you don’t have to worry about anything because ACG is here to help you in getting any kind of mortgage relief from Seterus Bank Mortgage.

Assistance For Seterus Bank Mortgage

We can provide you any kind of help you need with all the challenges related to Seterus Bank Mortgage. We will become the only point of contact you need if you work with us in completing your short sale with Seterus Bank Mortgage from start to finish .

Call Us 888-934-3444 Today.

Seterus Bank Mortgage Short Sale Package Breakdown

When you apply for a short sale with Seterus Bank Mortgage the first thing you will have to do will be to send a package called Seterus Bank Mortgage Request for Mortgage Assistance (RMA). Checking if the package is the latest one is extremely important; It is always better to check with a professional first. The paperwork we last found was put up on the Absolute Consultant Group(ACG) Website. ACG helps homeowners with their Seterus Bank Short Sale and Seterus Loan Modification process.

There are 6 Sections to the standard Seterus Bank Mortgage Request for Mortgage Assistance (RMA).

Need Assistance With Seterus Bank Mortgage?

 

Need Assistance With Seterus Bank Mortgage?

 

Short Sale RMA Package PDF Breakdown:

Hardship Affidavit Application Check List

  1. Borrower Information This section requires the complete information of the borrower and co-borrower.
  2. Property Information In this section you have to fill the property address, mailing address and details about homeowners association (HOA) fees.
  3. Household Income In this section you will be required to put the monthly income details of the whole household.
  4. Household Assets This section will require that you fill out all the details of all the assets currently owned.
  5. Hardship Information  This section requires the details of the hardship which the consumer is facing and the type of hardship.
  6. Borrower Certification This section lists the terms and conditions for your application for mortgage assistance.

Seterus Bank Mortgage is Difficult. Don't Go It Alone. Professionals Standing By.

 

Disclaimer: Using The Wrong Form May Lead To A Denial

We provide mortgage servicers mortgage assistance package, forms, and applications to for educational purposes only. This is a sample document used to obtain mortgage assistance relief workout programs with your mortgage servicer. Prior to completing the form contact your (your client's) Mortgage's servicing department OR one of our professionals at 888-934-3444 to make sure they are sending the right loan modification or short sale package. Your home loan servicer, whether dealing with a Home Loan Modification or Short Sale (mortgage settlement, short pay off or discounted payoff) RMA Package offered on this website may not be the correct package depending on your investor. By downloading this RMA (Request for Mortgage Assistance) from our website does not guarantee loan modification assistance or any other mortgage relief programs to try to avoid foreclosure through mortgage servicer, its agents, employees, affiliates or subsidiaries. Prior to the use of any documents you should consult an attorney.