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BB&T 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 BB&T Mortgage Froms

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 BB&T Mortgage By Yourself?!

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?Are You Still Dealing With BB&T Mortgage By Yourself?!?

Click To Be Connected To A Pro Near You.
BB & T Mortgage RMA Short Sale Package Forms

Limited Time Offer Coupon!

FREE  Custom BB&T Mortgage Strategy Session With A BB&T Mortgage Experienced Team Member.
BB & T Mortgage RMA Short Sale Package Forms

Limited Time Offer Coupon!

FREE  Custom BB&T Mortgage Strategy Session With A BB&T Mortgage Experienced Team Member.

Step 1: BB&T Mortgage Short Sale Experts

Find out why no one knows more than we do.

Finding The Right Short Sale Agent

Finding The Right Agent

The first and foremost thing you need to do is to find a perfect professional to deal with your short sale because there are very few people in the market that properly know how to deal with the short sale properly. The surprises should be kept to a minimum. If ou have still not been able to figure out that which side to turn to we have got a great team of professionals Nationwide. 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!

One more thing you will have to do in order to start your short sale process is to get your property listed for sale. You will have to do this while working with a lender so that your property gets a fair review. Just bringing an offer to the lender will not be allowed. Documents such as the MLS Listing and MLS History will be demanded as a proof that a property has been properly listed. Untill you have completed this process you will not be allowed to move forward to the next step and the First of the documents that you will need for the process to go forward will be 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: There are situations where BB&T Mortgage may prequalify you to do a short sale. They may even tell you to how much to list the home as. 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 BB&T Mortgage Short Sale is more than just a number!

Real Estate Short Sale Definition

What is a short sale?

According to real estate a sale in which the offered amount is not enough to pay off all the liens taken against the property is called a short sale. BB&T will never be able to review your application unless you have an offer. They will need to check that once all the closing costs have been deducted from the amount what will be the net amount that you will be making them. Past due taxes, non-recurring closing costs, attorney fees, settlement fees, title fees, and anything else that may apply are all included in it.

Best Short Sale Buyer

Find The Right Buyer For Your Short Sale

Strong Short Sale Buyers

A buyer should have patience as it is the most  important quality as a buyer. A buyer who has patience is always better than all cash buyer and even the buyer whose offer is better. Candidates are need to be interviewed in order to make sure that offer is solid. Broker is as important as the buyer.

Previously Approved Short Sales

Previously Approved BB&T Short Sale

Often some brokers advertise that their short sale was previously approved by BB&T but this is misleading. Even if BB&T had previously approved their short sale and all the terms were met still they will need to make a full review.

Pro Tip: One offer can be reviewed at a time by lenders. The process can be tough and can require forth effort to jump through. Make sure you choose the one that suits you the most. The best offering does not always come at highest price.

Step 3: Submit BB&T Mortgage Short Sale Package

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

BB&T Mortgage Short Sale Submittal

Submiting Your Short Sale Package to BB&T Mortgage To Get The Process Going.

What is in the BB&T Mortgage Short Sale Package?

Usually all the lenders must have same kind of documents and BB&T Mortgage is also included in those. Following is the list of documents which are usually asked for: 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 and that’s only the start. As a short sale seller it will be required to submit 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 like 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: BB&T Mortgage Short Sale Broker's Price Opinion (BPO) or Appraisal


BB&T Mortgage Short Sale Value

Getting The Right Value Goes A Long Way.

By only one way you can know whether you qualify for the short sale or not, and that is by completing a value. In order to complete a value the agent compares similar properties which are either currently listed or have been sold within 3 to 6 months.An agent has to consider many conditions like home’s 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. Market conditions and how fast homes are selling in the area are also taken into consideration. Many other factors are also taken into consideration.

BB&T Mortgage Short Sale Appraisal

Short Sale Appraisal Values

There is always a lender supporting BB&T Mortgage and that lender is already facing a loss so the lender will want to complete a Broker’s Price Opinion (BPO). If the lender requires a deeper insight they will obtain an appraisal. Appraisers have specific licenses 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.

BB&T Mortgage Value Disputes and Variances

Filing Value Disputes and Variances

What to do when a value returns too high? This is something that happens very often and to both the professionals and rookies alike.The broker makes a mistake sometimes and compares properties which have nothing in common because he/she is not from the area.

Pro Tip: Short Sale Variance is a golden chance to apply for a short sale servicer such as BB&T Mortgage to vary from their typical practices. Alot of times values are good from the day they are completed for 90 days; Sometimes longer.

Step 5: Finalize Short Sale Terms


How Long Does BB&T Mortgage Short Sale Take

BB&T Mortgage’s Short Sale Time Line Coming To An End.

At that time undersigned will have to decide whether you meet the requirement for the short sale or not and whether to proceed your file to the management. Before presenting the file to the management auditing process occurs and then there is an another process before issuing the approval letter.

BB&T Mortgage Short Sale Counters

BB&T Mortgage Counters Short Sale

Unfortunately, this can also prove to be tough time as this is also the time when BB&T Mortgage may give a counter to your short sale of may completely reject it. There is a need for a special set of skills that come only by experience to compete with either of these situations. Anyone can do easy tasks but it is the difficult tasks that are hard and seperate the experts and rookies.

Step 6: Closing A Short Sale


Short Sale Escrow

Short Sale Escrow.

Closing of short sale process is very similar to the closing of typical escrow processes. You will be allowed to move forward with the typical escrow process once all debt holders have given their approval. A title search should now have been completed to assure that all the parties affiliated with the property have been addressed.

Short Sale Extensions

BB&T Mortgage Issues Short Sale Extension

What happens if the approval letter expires and we are not able to complete the short sale process? This is a question we get all the time and there isn’t a simple answer to it. It depends on delinquency of the mortgage, whether the value they had 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 BB&T 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 generally paid from the real estate comissions awarded to the agents involved and paid out of BB&T 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!

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How Does ACG Get Paid?

Absolute Consultant Group (ACG) has a team of professionals ready to work with the local broker to get your property sold in time. If the transaction closes successfully then we will get our payment directly from BB&T Mortgage from the escrow closing account but if the transaction fails to close we will not get our payment. Usually the amount paid to us comes from the amount that is awarded to the brokers involved in the deal. Usually the seller will have to spend nothing for this service. Call for details 888-934-3444.

Understanding The BB&T Mortgage Short Sale Status

The BB&T Mortgage Short sale package is a fairly lengthy document and difficult to complete. BB&T Mortgage have not done anything yet to make the short sale process easy for its consumers but that’s why ACG is here to assist you with your application for the short sale process to get mortgage assistance from your servicer.

Assistance BB&T Mortgage

For all your challenges related to BB&T Mortgage ACG will be the only place you will have to contact. For all you mortgage relief services we will be a one stop shop. We will work with you through the whole short sale process from start to finish.

Call Us 888-934-3444 Today.

BB&T Mortgage Short Sale Package Breakdown

What is the BB&T Mortgage Short Sale Package? When you are applying for a short sale with BB&T Mortgage the first thing they will require of you is a package called BB&T Mortgage Request for Mortgage Assistance (RMA) . One thing to take care of while applying is to always use the most recent paperwork; It will be always better if you check with a professional first. The most recent paperwork we found has been put on the Absolute Consultant Group(ACG) Website. ACG helps homeowners with their BB&T Loan Modification and Short Sale process. There are 7 Sections to the standard BB&T Mortgage Short Sale Package.

Need Assistance With A BB&T Morgage?


Need Assistance With A BB&T Morgage?


Short Sale RMA Package PDF Breakdown:

Hardship Affidavit Application Check List

  1. Borrower Information This section requires the complete information of the borrower.
  2. Property Details You will have to put all the details of the property in this section for which the mortgage is.
  3. Hardship Information This section requires the details of the hardship which the consumer is facing and the type of hardship.
  4. Borrower Income You will have to put the complete income details of the borrower.
  5. Current Borrower Assets This section will require the complete details of the assets currently owned by the borrower.
  6. Borrower Cerification Agreement This section lists the terms and conditions for your application for mortgage assistance.
  7. 4506T – The final document in the whole page is the 4506-t which is used in order to verify the tax returns that you provided.  Make sure to follow the directions throughly.

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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.

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