Seterus Short Sale Process
Seterus Short Sales are thankfully much more rare than many other “servicers” or banks. Seterus is one of those “banks” that is more like a credit union or small group that doesn’t think Short Sales deserve the attention of their staff or processes. After all, Seterus doesn’t make money on short sales, so why bother. Most often you’ll have to escalate or find work around when dealing with them . Allow up to 4 months from the initial offer from a buyer to an approval letter. You can (we have) close with them, but don’t expect it to be a smooth ride.