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Link for Short Sale Package info
***NOTE: a number of our members state HSBC will only pay ***5%***. If anyone has information to the contrary, contact group founders.
Loan Mod Dept.
Tel. 877-415-4327
BK Dept
866.824.0824, ext 46372 (closes 4p Eastern, Florida)
Short Sale Dept (4pm, central time)
800.348.4712, opt 2
Fax: 888.629.8590
Fax Authorization: 866-860-8826 (generic authorization acceptable)
Special Number for accounts that were sent to outside agencies, call 1-800-756-1604 then press option 2 for agency accounts
HSBC only requires preliminary HUD, contract and either Letter of Authorization or Listing Agreement to begin the short sale process.
Started by Terri Wise Jul 13, 2016. 0 Replies 0 Likes
I have a short sale that we were just waiting for an approval extension that was sold to Caliber. The extension was already approved. Does this mean that we have to start all over? It has been a week…Continue
Started by Deb Orth May 28, 2016. 0 Replies 0 Likes
What commission, if any, will HSBC pay to buyer's agent who is also the buyer through his LLC?Continue
Started by Liz Harris, MBA. Last reply by Mike Aubele Apr 21, 2014. 3 Replies 0 Likes
Would anyone happen to have a contact at HSBC? Home needs $40k in work but the BPO came in at full price... foreclosure date is approaching rapidly.Continue
Started by Juan Reyes. Last reply by TOP END Properties Mar 13, 2014. 2 Replies 0 Likes
Does anyone have an escalation contact at HSBC.I have a deal where the 1st lien has approved the short sale and is giving HSBC $1,500. The balance owed to HSBC is $38K and the person I spoke to…Continue
Comment
Does HSBC participate in HAFA?
Does anyone have a recent short sale approval? I want to show my client the language on the letter.
Yes 5% if there is a different office representing the buyer. But the Short Sale is so easy I wouldn't sweat it (2-3 week approval with no financials).
be sure to find out if the loan is fannie or freddie...............it if isn't then there is nothing you can do.
Georgia Beneficial, a subsidiary of HSBC, filed a $15k judgment against my seller, which of course attached a lien to the house that we're trying to short sale (non-HAFA). BoA insists they will not pay to get junior liens released. Because I have the buyer and seller, I agreed to have the commission cut to allow a $1,500 payment to HSBC for a lien release. HSBC's "final answer" through their collection attorney is they will not accept less than $10k. Any suggestions?
Has anyone successfully gotten HSBC to revise their approval letter to include "HSBC will waive their rights to pursue future deficiency judgements"?
This is not included in my 2nd lien letter and the first is Select Portoflio Servicing thru a HAFA and requires lien holders to state they are waiving deficiency language.
Anyone have success with this?
The phone number shown here is incorrect. Does anyone have a CORRECT phone number? My Seller was sold to HSBC... for the last 3 weeks the "auto-tons" in the recovery dept. say it's "coming from another dept.". (But they won't say what dept. that is when pressed!) I can get to NOBODY that either knows or cares at HSBC.
Can anyone help with a number to an executive area to light a fire? (Too bad these idiots don't get paid on commission like we do!) Thanks for any help.
I have short sale approval on a HSBC 1st and 2nd good until may 24th We just received notice that they are selling both loans to First Niagra on may 18th The buyers are using Wells Fargo and will not be closed by then Any suggestions ?
Thanks so much
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