A Ditech Short Sale can take years if you do not have the right tools or knowledge of the servicers inner workings and their systems and procedures.
Who is Ditech ?
Ditech was once known as Green Tree Mortgage, but As of August 31, 2015 Green Tree mortgage became Ditech. The name green tree Servicing got a bad rep in the mortgage servicing game. Prior to the merger the Consumer Financial Protection Bureau and the Federal Trade Commission fined Green Tree $63 million for “mistreating borrowers” by failing to honor modifications for loans transferred from other servicers, demanding payments before providing loss mitigation options, delaying decisions on short sales, and harassing and threatening overdue borrowers. Shortly after Green Tree Servicing and Ditech Mortgage Corporation combined to become Ditech Financial LLC. Both Walter Investments companies. This means that all loans being serviced by Green Tree are now to be handled by Ditech. The Majority of the loans serviced by Ditech are either FNMA or B of A investor loans, Ditech prefers to service these portfolios however we have seen them service loans for other investors its just not as common.
Ditech Short Sale
A Ditech Short Sale is for borrowers who cannot afford to stay in their homes, or want to move on from the property before its too late. Ditech offers options that enable the borrower to exit ownership without facing the stigma of foreclosure. Obtaining Ditech Foreclosure Help through a Short Sale is only an option if the property is underwater , in many cases the deficiency would be waived and funds to assist in relocating can be obtained.
Ditech Short Sale Tips
- Ditech services mostly loans for Fannie Mae and for Bank Of America however they do service other portfolios its just not as common.
- The best way to submit a Short Sale package to Ditech is via email, the email to use will be different for each Investor, Ditech uses either NONGSEFXAZ@ditech.com or email@example.com.
- Most Ditech Short Sales will be processed in homepath.com once the package is complete since the majority of the loans processed by Ditech are Fannie Mar Loans.
For assistance or questions about Ditech Financial LLC , Ditech Mortgage , Ditech Short Sales , Ditech Loan Modifications, Ditech Deed In Lieus , Loan Modifications, Foreclosure Help, HUD and any other Mortgage Assistance Relief programs please contact us at 888-572-8020 and or fill out the form below.
Ditech Short Sale Help by firstname.lastname@example.org