Nationstar Xome Help
Nationstar has gone through a few different online auction platforms over the years. They used auction, Homesearch, and now Xome to open short sale transactions to the public. Depending on the investor on the note will determine if the servicer pushes the online auction as a contingency for short sale review.
Even if an offer is already submitted, fully executed, and under review for a short sale, If it gets flagged and placed by Nationstar Xome, the accepted buyer could be outbid and replaced. Most bidders will be subject to a 5% premium. The original buyer submitted for review is generally exempt from this premium.
Many people don’t want to participate in Nationstar Xome or the other auction platforms for a short sale. From our experience very rarely have we see. Any accounts once flagged for the online auction to ever move forward without going on it. Nationstar typically will not move forward with he review unless if the borrower agrees to participate in the auction once the account is designated to partake in it.
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