Pacific Union Financial Short Sale Help

Short sales with Credit Unions can be tougher than others due to the nature of Credit Unions and their member-owned financial cooperative methods. As you can imagine when the money is more personal, entity’s are looking to mitigate losses by recouping as much funds as possible. For Example: Credit Unions may want a higher price for a property than potentially a large servicer like Bank Of America handling a note with a private investor or a Government Sponsored Enterprise (GSE). Facilitating a Pacific Union Financial short sale is similar to working with many other Credit Unions or smaller servicers. They can be quicker to work with due to a lower volume of loans being handled, but their systems at times are not as streamlined and they may have a smaller staff of experienced representatives to assist a borrower with a more niche workout option. Pacific Union Financial servicers FHA insured loans too which follow Housing and Urban Development (HUD) guidelines. There are pros and cons to working with most servicers and investors, no two short sales are truly the same.

On any transaction it is best to attempt to see the forest before the trees and structure a transaction for success. Here a few things to consider when approaching any short sale transaction:

• How many liens are on the property?
• Who are the investors on the loan and what are their guidelines?
• What is the home worth and what is owed on the home?
• What is the borrowers hardship?
• If it went to foreclosure what money may be recouped and by who?

For any questions short sale, loan modifications, or anything real estate related, please fill out the form below for immediate assistance or call 1-800-692-9960.