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Quicken Loan Inc. Short Sale


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Quicken Loans Short Sale Process

Sometimes your investor will require you to first apply for Quicken Loan Modification but once you have been denied for it the Quicken Short sale process is pretty basic:

  1. We place a call to Quicken loans Inc.. and talk to their councellor to initiate the process.
  2. You will be required to complete and submit the Quicken Request for Mortgage Assistance.
  3. Property valuation will have to be scheduled and completed using a Broker’s Proce Opinion (Certain Investors Require Two Interior Inspections)
  4. Negotiate Terms With Quicken About Short Sale Fees And Costs To Be Paid Out Of The Seller’s Proceeds.
  5. Lender (Quicken Loans) provides A Response To Short Sale Offer Made.

If you have been through the short sale process with Quicken you will have noticed that it is never easy with them. A lot of turmoils have been faced. Repeating the same steps over and over again is typical during Quicken short sale. It’s part of the process to know that we will have to run around from department to department at Quicken Loans inc.. The Loan Modifiation Department maybe needs to close it out, or the short sale department doesn’t have someone assigned to Quicken 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.

Quicken Short Sale Timeline

When dealing with Quicken Loan’s Short Sale timelines vary on some very basic and other not so basic elements. These are just a few of the hoops we jump through when dealing with a short sale.

  • For one, Quicken only works as servicer of mortgage notes. Therefore, Quicken’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. Quicken Loans does not always have the option to make the decisions themselves. The investor for which they are serviving the loan for has only delegated permission to Quicken for some of the cases so for the cases the investor has not delegated the company to make a decision they have to get permission from the investor. 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 fact that whether your Quicken loan has a sale date or not greatly effects the short sale timeline. If it comes to stopping the sale so that the Quicken short sale process can be completed, they can be very difficult to deal with. Your chances of getting bumped up in the process improve greatly if you can get a value completed. A company of Quicken Loans size 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 Quicken Loans 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.

Quicken Short Sale Timeline Conclusion: Your Quicken 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 Quicken’s Short Sale Department compared to what the offer is that is being made to them, how fast Quicken’s Loss Mitigation department received the Quicken Short Sale Application documents are received (readble) and other factors will come together to effect how long it will take for your Quicken Short Sale to be Approved.

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

Contact Here

How To Fix A Quicken Short Sale Decline?

Often dealing with QUicken Loans 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 Quicken short sale offer was rejected. Have us review your declined short sale for free by calling us at 888-934-3444.

Quicken Loan Servicing Contact Information

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Quicken Loan Servicing Complaints

Quicken Home Mortgage Short Sale Reviews

Quicken Short Sale Complaints

Often we have gotten on the phone with an Quicken Loan for one of our Customers where we received an offer that changed at a later date. They told us the loan modification was approved and then later it was declined.

Quicken 1 Star Review:

Was pre-approved by Nicole **. 3 months looking… All set. Dennis ** called and said no. Then lied about rejections. I have proof of all of this. She led me on. He ended it by lying. Absolutely NO DEBT. EXCELLENT CREDIT. DOWNPAYMENT. PROOF OF INCOME… DENIED.

Karen, Colambiaville, NY

Quicken 1 Star Review:

This company took me through an exercise that did nothing but waste my time and take my money. There was absolutely nothing about my finances that wasn’t disclosed from the onset concerning my accounts, debt, credit score, and after we completed all of the process to get to closing. At the last possible second they completely changed the terms of the loan, and told us that we would need $22,000 in cash to close. They took a $500 dollar payment from me, required me to pay for an appraisal, and then pulled this in the end. I will never do business with them again, and I will warn everyone I know to stay clear..

Bradley, Plano, TX

Don't Be A 1 Star Review

Get 5 Star Help

Don't Be A 1 Star Review

Get 5 Star Help

Quicken 1 Star Review:

I read all the horrible reviews for this company. I made the mistake of thinking that they had improved in the last year or two but I was mistaken. I am getting a small home improvement loan to enlarge and improve my lovely California home. First I spoke to Justin, then Jorden, then he was on vacation and I spoke to another kid. Just ridiculous. In any case now I am working with a local lender. All fees upfront, no hidden costs etc. Perfect credit and I have bought and sold 15 homes in my 65 year old life. Thanks to all the people here that helped me dump this company and get some peace of mind. I can now sleep peacefully and relax. Thanks again!

Hillary, Scottsdale, AZ

1 Star Situations Happen Every Day

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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 Quicken Mortgage.

Call Us

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

ACG Specialist Here To Help Your Quicken Mortgage.

Call Us

Quicken Short Sale News

Quicken Loan Inc. Short Sale

Mortgage Assistance Form. Quicken Short Sale Denied?Quicken Short Sale Process.Quicken Loans Short Sale Process Sometimes your investor will require you to first apply for Quicken Loan Modification but once you have been denied for it the Quicken Short sale process is...

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Quicken Loans Inc. Loan Modification

Mortgage Assistance Form. Mortgage Modification Denied?Mortgage Assistance Process Talk To A Specialist Who Knows How To Deal With A Quicken Mortgage.Talk To A Specialist Who Knows How To Deal With A Quicken Mortgage.Quicken Loan Modification Process Quicken Loans...

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The post Quicken Loan Inc. Short Sale appeared first on Absolute Consultant Group.

This post first appeared on Short Sale Blog | Loan Modification | Mortgage | F, please read the originial post: here

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Quicken Loan Inc. Short Sale


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