Carrington Mortgage Foreclosure Sale Date

There a few lenders out there who have a reputation for not postponing sale dates and Carrington Mortgage Foreclosure Sale Dates are as hard set as they get.  We have been advised that Carrington Mortgage almost never postpones a foreclosure sale date. We have seen several properties, go to foreclosure while in the midst of a short sale or other workout option. Even an approved short sale transaction necessarily won’t save a property from being foreclosed on by Carrington Mortgage. You need to act diligently and quickly if you are delinquent on your loan as foreclosure prevention options take time to review and very often time is not on your side.

Here is some additional data in regards to processing a short sale with Carrington Mortgage. Carrington Mortgage does not participate in the HAFA program, so if you are in a deficiency judgment state, you may need to settle the potential deficiency judgment. This also means that overall your chances of receiving a relocation incentive to move has decreased, but depending on the investor on your loan, it may still be an option. If you are an agent it’s important to know per guidelines they  only allow 6% commission on transactions sold under $100,000. Anything above is 5% commission or 4% for dual agency, so ensure that you structure your transactions appropriately. If you have any questions in regards to facilitating a short sale with Carrington Mortgage or any information in regards to where to email them the short sale package, please reach out to us below for a free consultation.

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