Guild Mortgage Short Sale

Guild Bank Short Sale Process

It depends on who your investor is but in some cases you will first be required to apply for Guild Bank Loan Modification but once you have been declined the process is pretty simple:

1. To initiate the short sale process we will place a call to Guild Mortgage and talk to their councellor.
2. Guild Request for Mortgage Assistance package will have to be filled completely and submitted by you.
3. Property valuation will have to be completed by Broker’s Price opinion (Certain Investors Require Two Interior Inspections)
4. Negotiation of terms with Guild Bank About Short Sale Fees And Costs To Be Paid Out Of The Seller’s Proceeds.
5. Lender (Guild Bank) Provides A Response To Short Sale Offer Made.

The short sale process is never easy when dealing with Guild Mortgage and if you have been through the process you would know it. A lot of difficulties have to be faced during the process. When dealing with the short sale negotiatiors it is very typical having to repeat the same steps over and over. Knowing that we will have to run around from department to department when dealing with Guild is part of the process. The Loan Modifiation Department maybe needs to close it out, or the Guild short sale department doesn’t have someone assigned to Guild 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.

Guild Short Sale Timeline

When dealing with Guild Mortgage short sale process timeline depends on many factors some of them are simple and others not so simple. These are just a few of the hoops we jump through when dealing with a short sale.

• For one, Guild Mortgage Bank is only a servicer of mortgage notes. Guild‘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. Guild Mortgage does not always have the option to make the decisions themselves. The investor for which they are servicing the loan for has only delegated them to make a decision in some of the cases so for the cases that they are not delegated to make a decision they have to get permission. 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 bureaucracy you’re going to deal with.
• Additionally, The timeline is majorly affected by the fact that whether your Guild Bank loan has a sale date. For the homes in foreclosure when it comes to stopping the sale so that Guild short sale can be completed, they can be very difficult to deal with. Your chances of getting bumped up in the process will improve majorly if you can get a value completed. Guild Bank Loan Servicing has homes being sold at auction every day. Sale dates even for the coming week are not working with agency. 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 miscommunication In the banking world can lead to certain failure. People become very specialized in this niche of representing homeowners in front of Guild Bank Home Mortgage in these financial application processes to find mortgage assistance. 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.

Guild Short Sale Timeline Conclusion: Your Guild 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 Guild‘s Loss Mitigation department received the Guild Short Sale Application documents are received (readable) and other factors will come together to effect how long it will take for your Guild Short Sale process to be Approved.

How To Fix A Guild Bank Short Sale Decline?

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

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