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 If you feel that any of this information has become outdated or is incorrect please contact us immediately.**

PHH Corporation Short Sale

PHH Mortgage RMA Short Sale Package

Mortgage Assistance Form.

Short Sale Decline Review

PHH Mortgage Short Sale Denied?

PHH Mortgage Short Sale

PHH Mortgage Short Sale Denied?

PHH Short Sale Negotiators. We're On Top.

 

PHH Mortgage Short Sale Process

 

It mainly depends on your investor that sometimes you will first have to apply for PHH Loan Modification but once you have been declined the PHH short sale process is pretty simple:

 

  1. To initiate the short sale process of PHH Corp. our agent will have to place a call to PHH Corp. and talk to their councellor.
  2. It will be required of you to submit the completed PHH Request for Mortgage Assistance Package with the supporting documents and with complete finances.
  3. Property valuation will have to be completed by Broker’s Price opinion (Certain Investors Require Two Interior Inspections)
  4. Negotiation of terms with PHH Corp. About Short Sale Fees And Costs To Be Paid Out Of The Seller’s Proceeds.
  5. Lender (PHH Corp.) Provides A Response To Short Sale Offer Made.

 

If you or anyone you know has been through the short sale process with PHH Corp. you or them will have noticed that they are not easy to deal with. You will have to face a lot of difficulties. It is typical during the process that you will have to repeat the same steps over and over. During the short sale process with PHH Corp. we will have to run around from department to department. Maybe the Loan Modification department needs to close it out or the PHH short sale department doesn’t have someone assigned to PHH 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.

PHH Mortgage Short Sale Timeline

The timeline of PHH Mortgage short sale process depends on some simple factors and other some not so simple factors. These are just a few of the hoops we jump through when dealing with a short sale.

  • For one, PHH Corp. is a company that only services mortgage notes. PHH Corp’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.It is not always an option for PHH Corp. to make all the decisions themselves. The investor only allows the company to take some of the decisions themselves so for the decisions that they are not allowed to make 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 question that whether you PHH Mortgage has a short sale or not also has an effect on the short sale timeline. If a home is in foreclosure and it comes to stopping the sale so that PHH Short Sale can be completed then they can be pretty difficult to deal with. It can majorly improve you chances of getting bumped up in the process if you can get a value completed. Remember that a company like PHH Mortgage 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 PHH Corp. 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.

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

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

 

How To Fix A PHH Short Sale Decline?

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

PHH Mortgage Loan Servicing Contact Information

PHH Mortgage Customers

PHH Loan Servicing Complaints

PHH Corp. Mortgage Short Sale Reviews

PHH Short Sale Complaints

PHH 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 short sale. Call 888-934-3444.

PHH 1 Star Review:

I had a home mortgage with PHH for many years **. In June of 2016, I paid off the mortgage. In 2017, I discovered that the loan was still appearing on my credit report. I called three times to find out why they had not sent a lien release to my county clerk. They said they did. The clerk said they did not receive. Twice I asked for PHH to send me a copy of the lien release, which by law they are supposed to provide me. I wrote a letter asking for a copy of it. It has been over a month and I have not heard a word from PHH and the loan still appears on my credit report. I am trying to do a reverse mortgage, but cannot due to the PHH mortgage still appearing on my credit report. Sandra, Columbus, GA

PHH 1 star review:

We received a loan modification… Yippee… They raised our rate by almost a point. And raised our payment by 200 per month and they told us to not make payments until it was done. When we asked why they said it was the best deal for the investor. IF YOU are ever forced in dealing with this company I urge you to find the quickest way to move away.

Lawrence, Trabuco Canyon, CA

Don't Be A 1 Star Review

 

Don't Be A 1 Star Review

 

PHH 1 Star Review:

Luckily, we don’t need this company and I will pull our financing this week to another bank, but they have extremely poor communication and processing of insurance claim money post Harvey. They escrow your repair checks from the insurance company and create extreme hurdles for you to jump through to get the money to pay your contractors. Luckily, our repairs were within our own budget and we could float the contractors the money while waiting on PHH but their service is horrible and I wouldn’t finance even a very small project through this company. Looking forward to moving our business for our weekend rental property to one of our other banking institutions. Stephanie, Georgetown, TX

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 PHH Mortgage.

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

ACG Specialist Here To Help Your PHH Mortgage.

PHH Mortgage Short Sale News

PHH Corp. 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...

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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...

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PHH Corp. Deed In Lieu Of Foreclosure

**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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