Hello, this is Kelly Cook with the Kelly Cook Real Estate Group, your Phoenix short sale specialist. We can be found online at www.AZKCRealEstateGroup.com. We specialize in helping homeowners throughout the entire Phoenix area find alternatives to foreclosure through the means of a short sale. We are part of the larger Keller Williams network here in Phoenix.
Today the topic we are specifically addressing is short sales with M and T Bank; I'm sure you arrived here at this video because you have a loan with M and T Bank. Maybe you've never heard of them; they are a smaller bank located in Virginia and they are also owned by the same parent company as My Community Bank and New York Community Bank. If you have a loan with one of those two banks, they are all kind of tied in together.
M and T is also a servicer that is buying up other bad debt. For example, they may be contacting one of the larger banks such as Citi or Wells Fargo and buying some of their bad portfolios from them and assuming it. Because they are doing this, it makes doing a short sale a little bit harder to do. They are notoriously difficult to work with, especially if you have an agent that has never done a short sale with M and T Bank, doesn't have any contacts and doesn't know how to work in their system. We have done six short sales with them and would love to continue to work with them. We have two that we are currently working on with them and it's been going well so far.
We'd love to work with you on your M and T Bank mortgage, so please contact us if you have any other questions about them and their short sale process. You can reach us via the Contact button on our website, email us at firstname.lastname@example.org or give us a call at 480.442.9868. I also want to encourage you to check out our Short Sale Calculator, which can also be found on our website. It will tell you just how underwater you are on your home and if a short sale is the best financial decision for you.