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Beneficial Bank Short Sale


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Beneficial Bank Short Sale Process

It depends on who your investor is but in some cases you will first be required to apply for Beneficial Bank Loan Modification but once you have been declined the process is pretty simple:

  1. To initiate the short sale process we will place a call to Beneficial Bank and talk to their councellor.
  2. Beneficial Bank Request for Mortgage Assistance package will have to be filled completely and submitted by you.
  3. Property valuation will have to be completed by Broker’s Price opinion (Certain Investors Require Two Interior Inspections)
  4. Negotiation of terms with Beneficial Bank About Short Sale Fees And Costs To Be Paid Out Of The Seller’s Proceeds.
  5. Lender (Beneficial Bank) Provides A Response To Short Sale Offer Made.

The short sale process is never easy when dealing with Beneficial Bank and if you have been through the process you would know it. A lot of difficulties have to be faced during the process. When dealing with the short sale negotiatiors it is very typical having to repeat the same steps over and over. Knowing that we will have to run around from department to department when dealing with Beneficial Bank is part of the process. The Loan Modifiation Department maybe needs to close it out, or the Beneficial short sale department doesn’t have someone assigned to Beneficial Customers Service Department; Above all you need to know better when they are sending you in the wrong direction. Often clients come to us after submitting the wrong information on their application, getting denied, and not being able to figure out what happened. We can help you review any declines.

Beneficial Bank Short Sale Timeline

When dealing with Beneficial Bank short sale process timeline depends on many factors some of them are simple and others not so simple. These are just a few of the hoops we jump through when dealing with a short sale.

  • For one, Beneficial Bank is only a servicer of mortgage notes. Beneficial Bank’s mortgage division has to abide by the PSA or Pooling and Servicing Agreement that governs the loans. This contract is directly between servicer and investor. Beneficial Bank does not always have the option to make the decisions themselves. The investor for which they are servicing the loan for has only delegated them to make a decision in some of the cases so for the cases that they are not delegated to make a decision they have to get permission. Some investors such as Fannie Mae (FNMA) and Freddie Mac (FHLMC) have pulled almost all decision making authority from many servicers. As always the greater the number of hands in the put the more layers of burueacracy you’re going to deal with.
  • Additionally, The timeline is majorly effected by the fact that whether your Beneficial Bank loan has a sale date. For the homes in foreclosure when it comes to stopping the sale so that Beneficial Bank short sale can be completed, they can be very difficult to deal with. Your chances of getting bumped up in the process will improve majorly if you can get a value completed. Beneficial Bank Loan Servicing has homes being sold at auction every day. Sale dates even for the coming week are not working with ugency. Remember this business is a first come first serve but it is also influenced by foreclosure status and proximity to the sale date.
  • Finally, not all negotiators are good negotiators. This goes for both sides. Often miscomunication In the banking world can lead to certain failure. People become very specialized in this niche of representing homeowners infront of Beneficial Bank Home Mortgage in these financial application processes to find mortgage assistance. Often you will be put though the multiple levels of management including approval from an investor as mentioned above depending on what their total losses are.

Beneficial Short Sale Timeline Conclusion: Your Beneficial Short Sale Timeline will vary based on many different factors. Decisions can be made in house will clearly be quicker than those that have to be sent out for appoval., what the value comes back at from the appraisal completed by Beneficial’s Loss Mitigation department received the Beneficial Short Sale Application documents are received (readable) and other factors will come together to effect how long it will take for your Beneficial Short Sale process to be Approved.

If Your Beneficial Loan Short Sale Was Denied There May Still Be Options.

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How To Fix A Beneficial Bank Short Sale Decline?

Often dealing with Beneficial Bank and how they deal with short sale buyers offers being declined may be confusing. Often they will not be clear not only as to why but if there is anything that can be done to fix it.  Here at ACG we review dozens of points in order to understand why your Beneficial bank short sale offer was rejected. Have us review your declined short sale for free by calling us at 888-934-3444.

Beneficial Loan Servicing Contact Information

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Beneficial Bank Mortgage Short Sale Reviews

Beneficial Short Sale Complaints

Beneficial Bank is a large company and the rules are literally changing every day. There are a lot of departments and even more hands in the pot of each case that making it through the system can be a real drag. It doesn’t have to be though and that’s where we come in. Give us a call and see how we can help you with your short sale. Call 888-934-3444. 

Beneficial 1 Star Review:

My interest is 9.79%. I was told I could not receive any help because I have already been on a temporary loan modification for 8.7%. HFC could offer a short sale or I could foreclose. I told HFC that my house is upside down and I cannot get anybody to refinance. My home is worth $110,000.00 and I owe $150,000.00. That did not matter. HFC late payment fee is $67.19. I have been in my house for 17 years. I work every day, but the house note is $1908.00. I told them all I want is a reasonable interest rate. I was told they could not help me. If anyone knows of another resource, please let me know.

Jan, Richmond, VA

Beneficial 1 Star Review:

I have never had such mistrust in any company like I do Beneficial mortgage. I pay more than the due monies and the mortgage never goes down. I call and either on hold or get passed around. Mortgage was sold to another company. How convenient HSBC/BENEFICIAL. My credit score is in seven hundreds and high interest rates. Don’t trust them!

Walker, Pawtucket, RI

Don't Be A 1 Star Review

Get 5 Star Help

Don't Be A 1 Star Review

Get 5 Star Help

Beneficial 1 Star Review:

Been 10 years. Still owe same amount while making regular payments. Interest outrageous. Website down for a month. When I called it was an outrageous hold time and nothing they can do to help. They know website is down, don’t know when it will be up. Ridiculous.

Laurie, Saratoga Springs, UT

1 Star Situations Happen Every Day

Get Out Of The Loop

ACG 5 Star Review:

Tried modifying my mortgage loan on my own, twice actually, but no luck. Until I called ACG. [I] got my loan mod approved and all is well.

Michael, Woodland Hills, CA

ACG 5 Star Review:

We were struggling trying to get assistance in keeping our home for over a year when I was introduced to ACG Today both my homes are modified and our family has a chance for a fresh start.

Patricia, Porter Ranch, CA

ACG 5 Star Review:

I have worked with [the] team personally and professionally referring them many clients over the past few years. If you need help with a loan modification, short sale, or want to avoid foreclosure I highly suggest you use Absolute Consultant Group!

Daniel, Santa Clarita, CA

You Know You can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your Beneficial Mortgage.

Call Us

You Know You can't Chance Being A 1 Star Review.

ACG Specialist Here To Help Your Beneficial Mortgage.

Call Us

Beneficial Short Sale News

Beneficial Bank Short Sale

Mortgage Assistance Form. Beneficial Short Sale Denied? Beneficial Short Sale Denied? Beneficial Bank Short Sale Process   It depends on who your investor is but in some cases you will first be required to apply for Beneficial Bank Loan Modification but once you have...

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Beneficial Bank Mortgage Loan Modification

Mortgage Assistance Form. Beneficial Mortgage Modification Denied? What to do. Mortgage Assistance Process Talk To A Specialist Who Knows How To Deal With A Beneficial Mortgage.Talk To A Specialist Who Knows How To Deal With A Beneficial Mortgage.Beneficial Mortgage...

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The post Beneficial Bank Short Sale appeared first on Absolute Consultant Group.

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