Friday, March 31st, 2017

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Short Sale Guy Gets Personal with Countrywide

Here’s a handy resource worth passing along.  And it’s one you short sale investors out there will find particularly useful…

Short sale guy Shaun “The Swan” McCloskey just posted DIRECT contact info for some of the “higher ups” at Countrywide on his blog.

Just to be clear, if you find ever should yourself negotiating a short sale deal with Countrywide, this could be invaluable information for you to have handy.

And it’s really a great freebie Shaun’s giving away, no strings attached.  Just please don’t abuse it and please leave Shaun a friendly comment saying, “thanks”.

And feel free to ask him about that “Swan” nickname while you’re at it.  🙂

Original Email from Shaun “The Swan” McCloskey…

Hi Everyone,

We just got a foreclosure sale postponed an addt’l 30 days so we could have enough time to work the short sale.  Why was this such a huge feat you ask?  Well, the sale date was set for TOMORROW.

After a little arm twisting, Countrywide was willing to postpone the foreclosure sale right at the last minute.  Why were they willing to do this?  Because frankly we knew THE RIGHT PEOPLE to get in touch with to make it happen.

I’ve put together some of the most important contacts you could ever know at Countrywide, so if you’re not getting answers, click here for a list of  the people you should talk to.

I posted it for you here on my blog.

What are you grateful for today?

Shaun McCloskey

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About 

JP Moses is a roughly-hewn man-child who first got into REI after reading Rich Dad, Poor Dad back in Y2K and went full time in 2002. He's tinkered in everything from landlording to short sales to rehabs to Realtoring to REOs to notes to owner financing, blah, blah, blah...Till he finally stuck his flag deep into wholesaling and has since flipped somewhere north of a couple hundred deals.

JP's not a “guru” but also doesn't think it's a bad word. Among his core values are authenticity, creativity, big honkin' value, general fun-ness and being unshaven. He's super proud to be chief blogger guy at REItips.com and host of the free REIology podcast. He also thoroughly enjoys sharing his 53 best real estate investing forms with anyone who wants them. You should totally check that out. :-)

  • CJ

    Like a set of keys to Fort Knox. I’m definitely grateful!!! Thank you!!!

  • CJ

    Like a set of keys to Fort Knox. I’m definitely grateful!!! Thank you!!!

  • Thank you very much for the important information, your site is awesome!

  • Thank you very much for the important information, your site is awesome!

  • Great post!

  • Great post!

  • Imagine what you could do if you had such a list for everytime you found yourself talking to a CSR. lol
    ~
    But in seriousness that is extremely useful info to have.

  • Imagine what you could do if you had such a list for everytime you found yourself talking to a CSR. lol
    ~
    But in seriousness that is extremely useful info to have.

  • Thom Richardson

    I felt for the first time since my short sale offer on 11/13/08 I got good news today 1/24/09 – my realtor told me that my file was now in the hands of the lender’s closing negotiator and that my offer was within acceptable parameters of what Countrywide’s BPO was. It went to the closing negotiator today and I was told after review it will be forward to the investor, i.e. fannie mae, or ….., and this review should take one week – my realtor told me his company’s experience was that once it got to this point, the offers are ALWAYS accepted by the investor and once they approve, I should be able to close within 30 days – does your experience tell you the same – anxiously waiting for an approval! Thanks. Thom

    Great news for you, Thom!

    I’d be cautious about saying “always”, but it sounds like a pretty good chance you’re going to have a deal here soon! Personally I’ve only handled a few short sales – it’s not my focus. But Cory Boatright and Shaun McCloskey are two of the best short sale sherpas out there IMHO.

    Congrats on the good news though! Come back and report your profits!

  • Thom Richardson

    I felt for the first time since my short sale offer on 11/13/08 I got good news today 1/24/09 – my realtor told me that my file was now in the hands of the lender’s closing negotiator and that my offer was within acceptable parameters of what Countrywide’s BPO was. It went to the closing negotiator today and I was told after review it will be forward to the investor, i.e. fannie mae, or ….., and this review should take one week – my realtor told me his company’s experience was that once it got to this point, the offers are ALWAYS accepted by the investor and once they approve, I should be able to close within 30 days – does your experience tell you the same – anxiously waiting for an approval! Thanks. Thom

    Great news for you, Thom!

    I’d be cautious about saying “always”, but it sounds like a pretty good chance you’re going to have a deal here soon! Personally I’ve only handled a few short sales – it’s not my focus. But Cory Boatright and Shaun McCloskey are two of the best short sale sherpas out there IMHO.

    Congrats on the good news though! Come back and report your profits!

  • Thom Richardson

    Thanks so much for responding – well, we are now in month 4 with the above short sale. My realtor called me and advised me that they learned that the B.P.O. came back at 10K less than my offer. I thought WOW! He suggested I lower my offer, suggested 3 different approaches and I went with one – new offer, 7K less than previous and ask for 5K in closing and 1 % of bank negotiator fee paid – about $2600 dollars – thought, great, if I get this, I’d save 10K from my original offer – my realtor’s group specializes in REO and Short Sales and supposedly have experts doing the work with lenders. I’m told they have a great relationship with Countrywide – I asked if this would start the whole process over – I was told no. I stated that I thought closing costs couldn’t be asked for – I was told no. I asked how much longer – told, maybe couple more weeks and his group still feels confident that Countrywide will accept my new terms – does this sound too good to be true – starting to get frustrated – going in with a lower price just seems a bit weird, but, I trust my realtor! His group has a great reputation and have been featured in national magazines! Thanks for your response in advance.

  • Thom Richardson

    Thanks so much for responding – well, we are now in month 4 with the above short sale. My realtor called me and advised me that they learned that the B.P.O. came back at 10K less than my offer. I thought WOW! He suggested I lower my offer, suggested 3 different approaches and I went with one – new offer, 7K less than previous and ask for 5K in closing and 1 % of bank negotiator fee paid – about $2600 dollars – thought, great, if I get this, I’d save 10K from my original offer – my realtor’s group specializes in REO and Short Sales and supposedly have experts doing the work with lenders. I’m told they have a great relationship with Countrywide – I asked if this would start the whole process over – I was told no. I stated that I thought closing costs couldn’t be asked for – I was told no. I asked how much longer – told, maybe couple more weeks and his group still feels confident that Countrywide will accept my new terms – does this sound too good to be true – starting to get frustrated – going in with a lower price just seems a bit weird, but, I trust my realtor! His group has a great reputation and have been featured in national magazines! Thanks for your response in advance.

  • Debbie

    Countrywide no longer exists. It was bought 2 yrs ago by BOA. What flavor of Kool Aide are you drinking?

  • The flavor of “this post was made before BOA acquired Countrywide”. 😉

  • Too many “unhappy people” looking to jump on your carcass these days. Take a chill pill and let God’s grace on you, carry over to others.

    JP does a great job of helping to educate and inform real estate investors about many things. For which of those do you want to hang him for?