Quality Nationwide Ditech Short Sale Help can be difficult to find and without oroper experience, the process may take many months, or you can be blind sided by investor guidelines.

Who is the mortgage servicer Ditech?

Ditech was formally known as Green Tree Mortgag, as of August 31, 2015, Green Tree Mortgage (GT). Prior to the merger the (CFPB) Consumer Financial Protection Bureau &  (FTC)Federal Trade Commission penalized GT sixty-three million for “mistreating borrowers” by failing to honor loan modifications for loans transferred other from other servicers, demanding payments before providing loss mitigation options, delaying working options, and harassment tactics on delinquent borrowers.Green Tree Servicing and Ditech Mortgage Corporation combined to become Ditech Financial LLC. All notes being serviced by Green Tree are now handled by Ditech

Nationwide Ditech Short Sale Help – A Few Things To Be Aware Of

• Ditech services a large volume of loan for Fannie Mae and Bank Of America. They do have other investors in their servicing portfolio as well.
• The quickest way to submit a Short Sale package to Ditech is with email and it varies on who the investor on the note is. Typically Ditech uses NONGSEFXAZ@ditech.com or shortsalearm@ditech.com.
• If the investor is Fannie Mae (FNMA) it will need to be placed in the homepath Fannie Mae Portal
• Ditech generally accepts generic packages along with investor specific items when they are servicing the 1st mortgage. If they are servicing the 2nd mortgage, they do have their own Ditech Package.

Why Complete a Ditech Short Sale?

A short sales main purpose is to mitigate liabilities for a distressed borrower. Some benefits are potential relocation incentives, lesser credit impact than foreclosure, potential settlement of debt, and reduction in tax liabilities vs a potential foreclosure.