I am looking to do a short sale w/ ING direct. Any a...

Submitted by ryans18 from AZ - 02/15/2009 - 9:15pm

I am looking to do a short sale w/ ING direct. Any advice for this lender? I bought my house for $400k. I refi'd for $550k 2 years ago. I have no 2nd and ING has the first. Right now, my home is worth about $380k based on recent sales. Suggestions?

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Comments

Submitted by bob_1 - 02/25/2009 - 8:20pm

Ryan -
 
ING has been somewhat decent to work with on a short sale.
 
I can refer you to a Certified Distressed Property Expert (CDPE) in your area who would be best to assist with the entire process.
 
Send me an e-mail with the location of your home and I'll send you a top agent who is specializing in short sales in your area.
 
BOB
bob@inspiragroup.com
949-600-5404

Submitted by REO/SS Expert - 06/05/2009 - 3:12pm

If you refi'd and cashed out (which it looks like you did because your loan amount is much higher now), you're going to be responsible for that difference.  Banks will be leinient if your short sale offer dealt with just your purchase money, but you took an additional loan, a substantial one at that, they'll come after you for it.
 

Submitted by Riverside Resident - 06/27/2010 - 3:07pm

I am also in a similar situation with ING Direct. Does anyone can help share any information regarding a Short sale with ING Direct? How long does it take, any forms to submit etc. Any information/forms would help. Appreciate it. Thanks

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