Helping Homeowners Avoid Foreclosure in Roseville and Sacramento

Has Your Mortgage Recently Been Transferred To Rushmore Loan Management Services?

Posted on Sep 19, 2012 in Roseville and Sacramento Short Sale FAQs

Hi this is Mark Peek at Keller Williams Real Estate, your short sale specialist in Roseville and Sacramento. I’ve gotten a few requests from homeowners that are interested in doing a short sale with their new mortgage company. They had previously had a mortgage with Wells Fargo or Bank of America and in the past six months or so the servicing has been transferred over to a newer company called Rushmore Loan Management Services.

A lot of people aren’t aware of who they are or if they will work with them on their short sale. They do have a loss mitigation department, but it’s my understanding that most of the loans being transferred over to Rushmore are Fannie Mae loans. Fannie Mae has been transferring servicing and spreading it out, especially with the Big 3 banks, Chase, Wells Fargo and Bank of America. Rushmore is one of the new servicers that they’ve hired and it looks like they started transferring files over to them last year.

If you have a question about your specific mortgage or are considering a short sale with Rushmore, give me a call and I can fill you in on what you need to proceed with your short sale. Also, if you’re considering a short sale and you’re not sure if it’s the right choice for you, you can check out the short sale calculator on my website. It allows you to enter in your property information, get an estimated value and then it will tell you how long it will take for you to break even. A lot of people are using it because it breaks it down and gives you a great idea as to whether or not it’s best for you to stay in your home or do a short sale.

Again, this is Mark Peek with Keller Williams in Roseville and Sacramento. If you’d like to get in touch with me fill out the form on my website and I can follow up with you or you can simply give me a call. I look forward to working with you on your short sale.

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