Momma don’t let your Countrywide Houses go vacant

This is a follow up to yesterday’s story.

According to my source at Countrywide,

Countrywide is indeed NOT negotiating short sales on Vacant Homes.

She said…

“No Investment Property, No Rentals, No Vacant Homes“

If your short sale was already approved - you may have a case to continue on.

If the homeowners have moved out (it shows better when empty or staged doesn't it?) they may need to move back in just to close the short sale.

Considering the vast amount of homes CFC has on the books, there’s a lot of potential issues coming up.

Have you made an offer on a Countrywide Short Sale home and just waiting for approval?

Is it currently vacant?

Ouch!

Add this recent development to Ocwen and it's getting tougher to buy a Short Sale these days - not easier as it should be.

(Sorry Willy)