Carrington Mortgage Short Sale Guidelines

Carrington Mortgage Services can be a tough lender to work with and they have strict servicing guidelines. Carrington Mortgage Services has a few guidelines that you should be knowledgeable of prior to moving forward with a short sale. Three main guidelines that stand out above the rest are the following:

•  They do not participate in the HAFA program, but they may still allow a relocation incentive to the borrowers.

• Carrington Mortgage does not postpone foreclosure sale dates to our understanding and we have yet to hear of it ever being done unless there is an extremely special circumstance.

• 5% commission for 2 agents involved or 4% commission with 1 agent involved, 6% for offer’s under $100,000 for any number of agents involved.

Knowing guidelines will help you be more informative to your clients and will assist you in structuring the short sale transaction for success.

For assistance in facilitating a short sale with Carrington Mortgage Services or any lien holder, please fill out the form below.

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