Homecomings Financial Anyone?
I'm trying to work a short sale with homecomings. Has anyone had any good or bad experiences? Any tips on working with them?
I have a house with a loan for $145K @ 9.2%. The owners made 5 payments and have missed the last 4. The house needs I'd guess about $5K in fixing costs if i do all the work. I'm thinking about offering $130K. Do they need to get a certain % of the loan or do they take it case by case?
Any info would be great. TIA
i suppose I'll take that as a no
I have completed a few deal with Homecomings, and sometimes they can be difficult. You really need to prove to them why the property is what you believe it is worth. If I were you, would start off at 120k, Since you still have repairs.
I am working with Homecomings. At first they were very friendly and accessible. Now, I cant get a hold of anyone. :-o And yes, I would start low with the 120k include lots of good pictures of any little damage. Create a good Hardship letter.