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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: COUNTRYWIDE NO LONGER ALLOWING SHORT SALES Posted by Antonio on April 03, 2008 at 9:09 PM In Reply to: Re: COUNTRYWIDE NO LONGER ALLOWING SHORT SALES posted by AlanD on April 03, 2008 at 8:49 PM Hi Alan, I heard it from a couple of sources and confirmed it with Countrywide on 2 separate occasions. They will not even do short sales if they are the second lien holder. The ONLY short sales CW will do will be on Primary Residences...Who knows what they are planning to do with the excess inventory possibly dumping into an REO or maybe they have something else up their sleeve : Antonio: : Where did you hear this information? What are they planning on doing, taking on all this inventory and hope to sell it? : : Thanks : AlanD : : On investment/non-owner occupied properties : : OCWEN has shut down their short sale department and will no longer do ANY Short sales on ANY loans.. : : JUST SOME FYI Follow Ups: Much to do about nothing Tom 9:43 AM, 04/04/08 (3) Re: Much to do about nothing Antonio 10:01 AM, 04/04/08 (2) Not as easy as you might think Tom 7:17 AM, 04/07/08 (0) Makes perfect sense to me. JK (the other JK) 11:10 AM, 04/04/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi Alan, : I heard it from a couple of sources and confirmed it with Countrywide on 2 separate occasions. They will not even do short sales if they are the second lien holder. The ONLY short sales CW will do will be on Primary Residences...Who knows what they are planning to do with the excess inventory possibly dumping into an REO or maybe they have something else up their sleeve : : : Antonio: : : Where did you hear this information? What are they planning on doing, taking on all this inventory and hope to sell it? : : : : Thanks : : AlanD : : : On investment/non-owner occupied properties : : : OCWEN has shut down their short sale department and will no longer do ANY Short sales on ANY loans.. : : : JUST SOME FYI [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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