Short Sale Superstars

Providing you with the knowledge and tools needed to succeed with Short Sales.

Wendy Rulnick

Aurora Loan Services

Information

Aurora Loan Services

Discussions and info on Aurora Loan Services short sales.

Members: 62
Latest Activity: Mar 11

Contact numbers and forms

Short Sale Department 1-866-521-3828
Short Sale Fax 866-517-7976
Payoff Fax 303-728-7652

Aurora SS Application.pdf

Aurora LOA.pdf

Comment Wall

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Kent Dills Comment by Kent Dills on March 9, 2010 at 4:56pm
You can always offer to bring some cash to closing, but if you client doesn't have any money and you can prove it - that's a better option. Secondly, I'd much rather offer to have client sign a small prom. note over bringing cash as it's much easier on the low assets and low cash flow that is the case with most short sale clients. Of course, every situation has it's own particulars.
Jean Beymer Comment by Jean Beymer on March 9, 2010 at 4:47pm
We have done that...but was wondering if any one has had any luck with any other approach...like...throwing a little money at them "couple hundred dollars"? or...
Kent Dills Comment by Kent Dills on March 9, 2010 at 4:35pm
Jean, I know this is going to sound like - duh - obvious; but, tell them the seller's don't have $10K and refer them to the Financial Statement you submitted. Then see what they say!
Jean Beymer Comment by Jean Beymer on March 9, 2010 at 4:31pm
I have had two offers presented to Aurora. Ist offer was accepted but buyer walked. Second offer netted Aurora the same as the first offer. Have a oil tank leak that needs DEQ clean up cost $3500. Buyer lower price accordingly.

We have received a letter from Aurora asking the seller to pay $10K. Seller doesn't have any money.

Any thoughts on best way to proceed with Aurora?

Jean
Lee-Anne Strickoff Comment by Lee-Anne Strickoff on March 8, 2010 at 10:55pm
Just had to go back to square one after they lost a pay stub. Claimed the template has been deleted. It took 30 days instead of the quoted 60 for them to deny based on this. Anyone have ideas on how to stop the 'paper loss' so this doesn't happen again?
Matha Lewis Comment by Matha Lewis on March 8, 2010 at 10:51pm
Mori, thank you! Another question on the days/weeks to close. Normally how many weeks Aurora will give to close?
PaolaMarin Comment by PaolaMarin on March 4, 2010 at 12:58pm
Fannie Mae over timeframe short sales: 800-732-6643. They might be able to do something for you. Ask for a level 2 representative.
Mori Langshaw Sr Comment by Mori Langshaw Sr on March 4, 2010 at 12:46pm
Matha, there requirements are 60-90 days from the date it was assigned. 9 times out of 10 it will go a LITTLE faster than that.

Lizette, there is a thread with a Fannie Mae email. Sorry I cant remember where it is on this site but they had much success in stopping foreclosures. What is Aurora telling you? They should be able to postpone the foreclosure as well.
Lizette Cano Comment by Lizette Cano on March 4, 2010 at 12:42pm
Help,I have been in process with a shortsale with Aurora since Nov. They keep loosing my paperwork, now were down to the last minute and there countering me less than 48 hrs before a sale date. apparently they need to get fannie maes approval to extend the shortsale and they req. a minimum of 48 hours to do this , im out of time , does anyone have a contact at Fannie mae were I can call direclty ?
Matha Lewis Comment by Matha Lewis on March 3, 2010 at 1:23pm
I heard Aurora will approve short sales around 4 - 5 weeks. My short sale offer has been with them over 6 weeks now. Can you share your experience?
 

Members (62)

Wendy Rulnick The Lovely Wife Bryant Tutas Michelle DeRepentigny Mary "Z" Zychowski William Chea Allen Cofield James ferebee jr Cory and Michelle Beeson Ginger Merrick Kay Van Kampen Bob Sluys Ginny Krause Michael Scott Blake Ivey Elaine Edwards Ray Nelson Kent Dills Kenny Wagner Laura K Baldwin Debe Maxwell Judy Wang Dona Lesch Gigi Fernando Todd Harpster David Dee Judy Chapman Suzanne McLaughlin Jeffrey Burnham Steve Merson CNE, e-PRO
 
 

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