Code 3 Real Estate has a staff of some of the most experienced negotiators in the nation. We are effective because most of our employees have worked and managed in the lender's loss mitigation departments and have been trained in short sales as their specialty. Our Sacramento area staff has successfully negotiated over 100 short sales with most, if not all banks. Some of those banks include; Chase Bank, EMC Mortgage, Wells Fargo, HSBC, Wachovia, Litton Loan Servicing, OCWEN, Homecomings Financial, GreenPoint Mortgage, Specialized Loan Servicing, Bank of America, HomEq Servicing, JP Morgan, IndyMac Bank, Countrywide Mortgage, Saxon, ING Direct, US Bankcorp, WAMU, First Franklin, AHS and many more...
Bad idea. Don't do it. A much more graceful exit is a short sale, an agreement between you and your lender to sell your home for less than you owe. Although there's no guarantee that your lender will let you avoid foreclosure with a short sale, new government regulations are aimed at encouraging lenders to do so.