Anyone have National City foreclosure experience?

[debbie42]

Wondering if anyone has had National City as their mortgage holder when they surrendered their home in a BK? Are they fast, slow, etc.? We are in South FL where I know there are an abundance of foreclosure homes around...lawyer advised us NOT to try to get them to sign a deed in lieu -341 was this morning - I was hoping to get them to take it back right away so we have no liability and can move forward 100%.

Thanks in advance for your responses.

[monkatom]

I had National City and am in Southern California. BK discharged May 08 but I continued to pay making my last payment December 08. Trustee sale took Place Sept 8 so about 9 months overall which compared to others in SoCal was pretty fast.

[debbie42]

Thanks for sharing your story-9 months ins't too bad, we haven't paid since the May '09 payment so maybe we're halfway there!!!

[imoverit]

I had Nat City in Florida. We stopped paying in Nov of 08 and in Feb the lis pendens was filed. Foreclosures are taking about 18+ months around here to complete and we didn't want to wait that long so we put the house up for short sale in Feb/Mar 09. We got an offer right away, lower than short sale asking price. The offer was sent to Nat City sometime in April and sat around for awhile. We filed CH7 in May and that stopped the short sale process. We had to wait until the relief of stay was filed and granted which was a few weeks after the 341. Once the relief of stay was granted we had an answer in a couple of weeks on the house and actually closed our short sale before our discharge. Once the package was sent from Nat City to the investor for short sale approval the approval was back the very same day. Btw...we had 1st and 2nd mortgage with PMI and they all ok'd the sale. IMO, Nat City moved very fast on the filing, its the court system that is taking a long time! Good Luck! I can't tell you how happy I am the whole thing is over!!!