Short Sale Report - Home Eq Servicing
Short Sale Report
| Avg. Days NOD to NTS | Avg. Days NTS to Auction | Total Avg. Days in Foreclosure | Commissions | Comments |
| n/a | n/a | n/a | tbd | 0 |
NOD=Notice of Default NTS=Notice of Trustee Sale Auction=Trustee Sale
Home Eq was purchased in September of 2010 by Ocwen.
The level of service has recently gone down. If you get an approval and then need an extension on the close date it will cost you one months payment. Home Eq was acquired by Ocwen. (See Ocwen for more information). We have been told to expect that a Home Eq short sale will take over 16 months on average to close. Like Ocwen they have been much better at modifications then short sales.
We do not currently have much information from anyone who has closed a short sale with this lender. If you have had an experience with them please add your comments or you can email us at info@foreclosureradar.com.
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