"Top 10" Worst Short Sale Lenders Awards – 2008

In my experience selling short sales in the Destin-Fort Walton Beach, and Emerald Coast FL real estate market, the following lenders are honored with the “Worst Short Sale” lender awards of 2008:

#1 Peoples First – Florida’s Community Bank – Denies Short Sale Despite Cancer Diagnosis

#2 Eglin Federal Credit Union – will not do Short Sales

#3 Whitney Bank – will not do Short Sales, but releases lien and seeks deficiency

#4 Vanderbilt Mortgage – claims will not do Short Sales, but will look at a price pulled out of the air

#5 RBC Centura:  Taking Cars in Short Sales?

#6 Countrywide and PMI Short Sales

#7 Ocwen/LCS Won’t Budge

#8 Washington Mutual Won’t Waiver

#9 Bank of America – Issues 2 Contradictory Approval Letters

#10 Aurora Loan Services – Won’t Pay Closing Costs


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