How Difficult is it to Complete a Short Sale with an ING Loan?
Hey guys, Kelly Cook here with the KC Real Estate Group, your :k1: short sale specialists. You can find us online at www.KellyCookHomes.com. Now we specialize in helping homeowners across the entire :k1: area find alternatives to foreclosure through the means of a short sale. The topic we are specifically addressing today is short sales with ING. Now ING is an online investment bank that does a lot with online savings accounts in which they will provide customers a larger rate of return on their liquid funds. Wells Fargo or Chase Bank would do the same for their customers as well. However ING also does a lot of mortgage lending and they have a pretty large portfolio of delinquent, non-performing loans on their books that they want to get off.
A couple things about ING are that they will not allow investors to buy a short sale. It may seem odd or strange but that is their guideline. Nor will they allow an owner – occupant to purchase one of their short sales in the name of an LLC or an entity. It has to be an individual. So they have some quirky things that they do on their short sales but that makes them different. They are a little tougher to deal with and you have to know how to navigate around them. They have two offices that they loss mitigate out of, one in California and one in Delaware. We have dealt a lot with ING and it’s kind of a fun battle if you will. So, we enjoy it and we would love to work on your ING short sale if you have an ING mortgage. Again, I’m Kelly Cook with the KC Real Estate Group, your :k1: short sale specialist and I’m here to help answer any questions you may have. Please don’t hesitate to give us a call at your convenience at 480-442-9868 or in Columbus, Ohio at 614-600-2028. You can also email us at info@cookandassociatesaz.com or go to our home value calculator site and find out the value of your home instantaneously at www.MyHomeValueCalculator.com. Thanks and have a great day.