U.S. Bank Short Sale Process

Short sales can be tedious at times and a U.S. Bank Short Sale is often on the tougher side due to their slow moving nature and rigorous underwriting process. U.S. Bank will review a short sale and the borrowers financials to a degree that others servicers only due for underwriting of a modification. If a borrowers deposits per their pay check stubs differ by even a dollar for the last two months they will not move the file forward. They also may request page 2 of tax returns signed and completely redone documents if a document expires. A simple change of the date may make a document unacceptable due to an alternation. With this being said it is of the utmost important to structure a financial package for completeness and accuracy.

A U.S. Bank Short Sale package can be emailed in and once they have an initial complete package it will go to a stage they call “gate-keeping” for verify completeness and accuracy of the items. This can be a lengthy stage and only after this will the file be a assigned to a negotiator and a value ordered. As of lately short sales with U.S. Bank have been moving at an extremely slow pace and getting a hold of anyone who can actually assist in sensitive times is difficult without an escalation contact.

For support in expediting a U.S. Bank Short Sale or if you have any questions, please fill out the form below.

[contact-form-7 id=”155″ title=”Contact form 1″]