New Short Sale Requirements for Buyers of Nationstar Short Sales
By Dawn Barrier Las Vegas Real Estate, Homes in Las Vegas Nevada 702-812-4550
(HomeSmart Encore - Las Vegas )
Thanks to Las Vegas attorneys Black & LoBello for this article. Snippet from their article: Nationstar Mortgage is imposing a new requirement on the buyer, one we are seeing for the first time. In order to obtain approval from Nationstar to conduct a short sale, the application states that "all Buyers requesting a "Short Sale" on a Nationstar property must submit an application for Loan Approval through Nationstar Mortgage before an offer can be accepted on a property. Applicants are not required to use Nationstar to fund their loan. They buyer, however, does have to submit an application to confirm that they qualify for a loan and are in good credit standing. Click on the link below to go to their site to read the whole article: Nationstar's New Short Sale Requirements for Buyers...
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