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Short Sale with First Horizon
April 23, 2010
We got behind on our mortgage in December, and First Horizon was unwilling to accept partial payments on the amount due, so we have been unable to pay the full amount due since December. In the months since, my wife and I are getting a divorce so we are looking to sell the property and have contacted First Horizon about a short sale since we currently owe more than the house is worth, but they have been unresponsive.
Comments
I work at First horizon in the loss mitigation department. You can try to dispute the BPO if you want to but it is just going to delay your short sale for about 6months. Your better off settling with the BPO that has been done or just letting your property go to foreclosure.
I am the agent for seller with an accepted offer on a short sale in Las Vegas. One loan with First Horizon. Assigned to Michelle Maldonado finally after 3 months of submitting and re-submitting documents. NO BPO done yet. HELP!!!
They are relying on a BPO done by a Realtor who has had ZERO sales and is pricing it $25K higher than an accepted offer .
We need to find out how to force them to order a new BPO.