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Quicken Loans Deed In Lieu Of Foreclosure

Deed In Lieu Decline

Quicken Loans Deed In Lieu Application Denied?

Quicken Loans Loan Mortgage DIL Process

How does a deed in lieu work? Learn.

Quicken Loans Deed In Lieu Negotiators. We're On Top.

 

Quicken Loans Deed In Lieu of Foreclosure Process

If you are availing loan servicing of Quicken Loans, 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. A person from our team will place a call to speak to you loan counselor at Quicken Loans, 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 Quicken Loans  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 Quicken Loans to complete a valuation of the property and some investors may require two valuations
  7. We will have to negotiate terms with Quicken Loans about relocation terms and time frames.
  8. As the last step of the process, the lender 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 ever dealt with Quicken Loans in the past you may have noticed that too. There will always be some difficulties when you are working with them. But you don’t have to worry as ACG is here to help so that whole goes on smoothly and we have over a decade of experience in this. Some steps of the process may be repeated again and again while you are dealing with Deed in Lieu Foreclosure negotiators. After the experience of more than a decade, we 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. 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.

Quicken Loans Deed In Lieu Timeline

Similar to any other bank Quicken Loans Deed In Lieu Timeline is also not specific. It is easy to guess whats going on sometimes, 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 Quicken Loans.

  • To begin with, Quicken Loans is only a servicer of the loans and they are only working for a lender to service the loans. Due to this Quicken Loans is limited 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 Quicken Loans 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. Quicken Loans 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. Quicken Loans 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 Quicken Loans 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.

Quicken Loans Deed In Lieu Timeline Conclusion: The timeline for Quicken Loans Deed in Lieu of Foreclosure does not only depends on the factors mentioned above but various more factors too. The decisions that Quicken Loans can make themselves will be quicker as compared to the decisions for which they have to get approval. If you have other liens this is also likely to limit your ability to complete a deed in lieu. How fast Quicken Loans’s Loss Mitigation department receives the Quicken Loans 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 Quicken Loans Deed In Lieu application will take to be Approved.

If Your Quicken Loans Loan Deed In Lieu of Foreclosure Was Denied There May Still Be Options.

 

How To Fix Quicken Loans 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 Quicken Loans deed in lieu offer was rejected. Have us review your declined deed in lieu for free by calling us at 888-934-3444.

Quicken Loans Deed In Lieu Reviews

Quicken Deed In Lieu Complaints

Quicken Loans 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.

Quicken 1 Star Review:

Was pre-approved by Nicole **. 3 months looking… All set. Dennis ** called and said no. Then lied about rejections. I have proof of all of this. She led me on. He ended it by lying. Absolutely NO DEBT. EXCELLENT CREDIT. DOWNPAYMENT. PROOF OF INCOME… DENIED.

Karen, Colambiaville, NY

Quicken 1 Star Review:

This company took me through an exercise that did nothing but waste my time and take my money. There was absolutely nothing about my finances that wasn’t disclosed from the onset concerning my accounts, debt, credit score, and after we completed all of the process to get to closing. At the last possible second they completely changed the terms of the loan, and told us that we would need $22,000 in cash to close. They took a $500 dollar payment from me, required me to pay for an appraisal, and then pulled this in the end. I will never do business with them again, and I will warn everyone I know to stay clear..

Bradley, Plano, TX

Don't Be A 1 Star Review

 

Don't Be A 1 Star Review

 

Quicken 1 Star Review:

I read all the horrible reviews for this company. I made the mistake of thinking that they had improved in the last year or two but I was mistaken. I am getting a small home improvement loan to enlarge and improve my lovely California home. First I spoke to Justin, then Jorden, then he was on vacation and I spoke to another kid. Just ridiculous. In any case now I am working with a local lender. All fees upfront, no hidden costs etc. Perfect credit and I have bought and sold 15 homes in my 65 year old life. Thanks to all the people here that helped me dump this company and get some peace of mind. I can now sleep peacefully and relax. Thanks again!

Hillary, Scottsdale, AZ

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 Can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your Quicken Mortgage.

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

ACG Specialist Here To Help Your Quicken Mortgage.

Quicken Loans Deed in lieu News

Quicken Loans 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. The information found on this page is for educational and convenience purposes only. The information...

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Quicken Loans 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...

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