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BB&T Mortg. Deed In Lieu of Foreclosure Timeline, Package, and Reviews

Information Disclaimer: Not Your Loan Servicer (Read More)

**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. We are a homeowner advocacy group with more than a decade of helping homeowners and professionals with mortgage assistance negotiations. 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 info@acgnow.com 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 If you feel that any of this information has become outdated or is incorrect please contact us immediately.**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 Deed In Lieu Of Foreclosure

Deed In Lieu Decline

BB&T Mortgage Deed In Lieu Application Denied?

BB&T Mortgage Loan Mortgage DIL Process

How does a deed in lieu work? Learn.

BB&T Mortgage Deed In Lieu Negotiators. We're On Top.

 

BB&T Mortgage Deed In Lieu of Foreclosure Process

If you are availing loan servicing of BB&T Mortgage, we at ACG will make sure that our customers go through the process of Deed In Lieu Foreclosure that is simple, standard and similar to other Banks:

  1. First, A person from our team will place a call to speak to you loan counselor at BB&T Mortgage, Sometimes we will have to follow up after placing an appointment but once we speak to them the Deed in Lieu Foreclosure Process will begin.
  2. You will be required a paperwork called BB&T Mortgage Request for Mortgage Assistance (RMA).
  3. Before being selected for consideration in DIL Process, you have to undergo a Loan Modification review.
  4. Before taking on the liability of owning the property they may require that you sell the property first to somebody else and deed it to them.
  5. Getting your property title checked is the next process.
  6. The investor will want BB&T Mortgage to complete a valuation of the property and some investors may require two valuations
  7. Next, we will have to negotiate terms with BB&T Mortgage about relocation terms and time frames.
  8. As the last step of the process the lender i.e: BB&T Mortgage will make an answer to your application of Deed in Lieu Foreclosure made to them.

It is never as easy as it sounds to go through the steps mentioned above and if you have dealt with BB&T Mortgage in the past you may have noticed that too. There will always be some difficulties when you are working with them and high chances of something showing up. But you don’t have to worry about anything as ACG is here to help so that whole goes on smoothly with your lender and we have over a decade of experience in this. It is conventional to repeat certain steps of the process while you are dealing with Deed in Lieu Foreclosure negotiators. We have experience of more than a decade in doing this and so know that we will have to run around from department to department getting your problems solved. Maybe it happens that you have been trying to get Loan Modification from them and they need to close that out or review your application. Maybe they want you to sell your home first so the short sale department has your file. We are here to do all the work for you. Most important of all is you figure it out when they are sending you in the wrong direction. Most of times, clients come to us after submitting the wrong information on their deed in lieu application, getting denied, and not being able to figure out what happened. We can help you through the process of doing a deed in lieu of foreclosure even if that means reviewing a decline made by BB&T Mortgage.

BB&T Mortgage Deed In Lieu Timeline

Like any other bank BB&T Mortgage Deed In Lieu Timeline is also not specific. Sometimes it is easy to guess whats going on but this is not always the case. These are just a few of the hoops we jump through when dealing with a deed in lieu with BB&T Mortgage.

  • To begin with, BB&T Mortgage is only a servicer of the loans and not the bank as they are only working for a lender to service the loans as their name suggests. Due to this BB&T Mortgage works according to the set of rules that are called “PSA” or Pooling and Servicing Agreement that governs the pools of mortgages they service. The PSA is like a  contract between servicer and beneficiary of the mortgage note. These rules restrict BB&T Mortgage to make all the decisions themselves and for the decisions that they are not allowed 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 and take care of many of the decisions themselves. As always the greater the number of hands in the put the more layers of bureaucracy you’re going to deal with.
  • Additionally, The other thing that affects the timeline of Deed In Lieu of Foreclosure is the fact that whether your loan has a nearing foreclosure date or not. BB&T Mortgage can become really difficult to deal with If it comes to stopping the sale that a Deed In Lieu of Foreclosure can be completed then. BB&T Mortgage is a large company so they have home going on foreclosure on every business day. Due to this, the applications are not worked as urgently as you want them to. 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 were created equally. This goes for both sides which is what makes the process so tricky. In case of miscommunication, you will be headed for certain failure. It is a specialized skill of understanding this niche of representing homeowners in front of BB&T Mortgage for Deed In Lieu of Foreclosure Application. Often you will be put through the multiple levels of management including approval from an investor as mentioned above depending on what their total losses are for the banking institution who owns the interest in the loan.

BB&T Mortgage Deed In Lieu Timeline Conclusion: The timeline for BB&T Mortgage Deed in Lieu of Foreclosure does not only depends on the factors mentioned above but various more factors too. The decisions that BB&T Mortgage can make themselves will be quicker as compared to the decisions for which they have to get approval. Some other factors also affect it such as what is the value they perceived. If you have other liens this is also likely to limit your ability to complete a deed in lieu. How fast BB&T Mortgage’s Loss Mitigation department receives the BB&T Mortgage Deed In Lieu Forms to apply for mortgage assistance are received (readable) and other factors will come together to affect how long it will take for your BB&T Mortgage Deed In Lieu application will take to be Approved.

If Your BB&T Mortgage Loan Deed In Lieu of Foreclosure Was Denied There May Still Be Options.

 

How To Fix BB&T Mortgage Deed In Lieu Decline?

It can be often confusing as to why your Deed In Lieu of Foreclosure application was denied. The reasons we have seen go back to as the miscommunication being important. They will not often tell you clearly why it happened or even if anything can be done to fix it. Here at ACG we review dozens of points in order to understand why your BB&T Mortgage deed in lieu offer was rejected. Have us review your declined deed in lieu for free by calling us at 888-934-3444.

BB&T Mortgage Deed In Lieu Reviews

BB&T Mortgage Deed In Lieu Complaints

BB&T Mortgage is a large company and the rules are literally changing every day. There are a lot of departments and even more hands in the pot of each case that making it through the system can be a real drag. It doesn’t have to be though and that’s where we come in. Give us a call and see how we can help you with your Deed in Lieu. Call 888-934-3444.

BB&T Mortgage Star Reviews

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 Reviews

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 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 Mortgage Deed in lieu News

BB&T Mortgage Deed In Lieu Application, Forms And Packages

**We are not affiliated with any mortgage servicer, the investor/beneficiary of your mortgage note, the mortgage insurer (if applicable) or any government agency. We are a homeowner advocacy group with more than a decade of helping homeowners and professionals with...

read more

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...

read more