Virginia Short Sale Specialist / Realtor - Certified Distrssed Property Expert (CDPE)

MetLife Short Sale Process

I just received an approval for a MetLife (formally First Horizon) short sale yesterday.  Having completed few short sales with MetLIfe now, I can say that their process has definitely improved.  If you submitted a short sale package last year or early this year and still haven't received the approval, it may due to the following reason.   Below is an excerpt from one of the negotiator at MetLife.

"There was some confusion regarding this and many other files.  We had hired an outside servicer to assist us with loss mitigation workouts.  This file was flagged as one of those files.  At the beginning of March we discontinued working with them."

We submitted the package last year and the file didn't move at all.  However, once the MetLife negotiator received the complete package it took little over 30 days to get the approval.   In 2008, I remember it taking about 2 months from start to finish.

I read online that MetLife just recently sold a large pool of servicing loans to IBM Lender Business Process Services. I don't know what impact this will have on short sale process but time will tell. 

If you are current on MetLife mortgage, I don't think they would consider your short sale.  Here's the short sale contact number.  

Unlike my other short sales, I won't be posting the short sale demand letter.  Their attorney overnighted a cease and desist order. I guess I can read it off to you over the phone if you like.     

MetLife Short Sale Package

I don't think they have any special form.  You just have to provide the standard documents. 

• General Authorization Form
• Hardship Letter address to your lender(s)
• 3 Months Bank Statements (all pages, even if blank)
• 2 months pay stubs, or P&L for self-employed
• Tax Returns (last 2 years)
• W 2s
• Financial Statement

MetLife Loss Mitigation Department

888-638-6964 ext # 33805  or 800-364-7662

Fax  214-441-4594 or Fax 214-441-6032

Address: Loss Mitigation Dept.

4000 Horizon Way #6207

Irving TX 75063

Hope this helps.  If you have a question concerning MetLife short sale, feel free to email/call me. 

Simon Hahn - Keller Williams Realty

Virginia, Maryland, Washington DC short sale specialist

MetLife / First Horizaon Short Sale 

703-662-1466

 
 

Stone Ridge (Aldie) Short Sale (MetLife, First Tennessee)

The Hahn Group of Keller Williams Realty is listing a short sale in Stone Ridge

Property:

25153 Sodalite Sq

Stone Ridge, VA 20105  

Click here for MLS info.   

Price:

$315,000 

Bank:

First Horizon / Met Life (1st)

First Tennessee (2nd) 

Listing Agent:

Listing agent has been doing short sales since 2007. Listing agent is CDPE (Certified Distressed Property Expert) who specializes in short sales.   

Note to Buyer's Agent and Buyer(s):

We will submit the best offer to the bank.  Others will be back up.    

Short Sale is being Professionally Negotiated by WREATH TITLE 

Closing to take place at WREATH TITLE in Vienna, VA.   This will make this short sale much smoother.

Please use Short Sale Contingency Addendum to Regional Sales Contract & Information for Purchasers Concerning Short Sales.

Remember this is an "AS-IS" contract so please use NVAR Contingency Addendum.

Please no escalation addendum.  Submit the buyer's final and best offer.  Keep in mind that this is a short sale. 

Please make sure to include a pre-approval letter and copy of earnest money check. 

Please send proof of funds for down payment.  

Seller will NOT pay for home warranty.

Please be willing to wait up to 2 months.  We can get this done.  If you can't, this short sale is not for you.

Please call Mark Murad at  (703) 623-7626 with any questions and for Property Disclosure

 

Simon Hahn / Mark Murad - Keller Williams Realty

Certified Distressed Property Expert

Stone Ridge VA short sale specialist, Aldie VA short sale specialist, MetLife short sale specialist, First Horizon short sale specialist, First Tennessee short sale specialist, First Horizon short sale specialist

Ashburn VA Short Sale with MetLife

The Simon Hahn Group of Keller Williams Realty is listing a MetLife short sale in Ashburn, VA (Ashburn Village).

Property:

43881 Chloe Ter

Ashburn, VA  20147

Click here for MLS info.  

Price:

$215,000

Bank:

MetLife(1st)

First Tennessee (2nd)

*These lenders used to with First Horizon.  Listing agent has done a short sale with this same scenario last year.

Listing Agent: 

Listing agent has been doing short sales since 2007. Listing agent is CDPE (Certified Distressed Property Expert) who specializes in short sales.  

Note to Buyer's Agent and Buyer(s):

• We will submit one offer to the bank.  Others will be back ups.    
• Short Sale is being professionally negotiated by Wreath Title.
• Seller prefers Wreath Title in Vienna, VA.   This will make this short sale smoother.
• Please use Short Sale Contingency Addendum to Regional Sales Contract & Information for Purchasers Concerning Short Sales.
• Remember this is an "AS-IS" contract so please use NVAR Contingency Addendum.
• Fireplace in master bedroom, washer & dryer do not convey.
• Please no escalation addendum.  Submit the buyer's final and best offer.  Keep in mind that this is a short sale. 
• Please make sure to include a pre-approval letter and copy of earnest money check. 
• Please send proof of funds for down payment.  
• Seller will not pay for home warranty.
• Please be willing to wait few months.  If you can't, this short sale is not for you.
• Please email (preferred) or fax contracts to 866-348-5461.
• Please call Simon Hahn at 703-662-1466 or email him with any questions.

  

Ashburn, VA Short Sale Specialist, Loudoun County Short Sale Specilist, First Horizon Short Sale Specilist, First Tennessee Short Sale Specialist

Short Sale Update

At bank's request, this post has been removed.  Email me or call me with any questions.