How long does a Mr. Cooper short sale typically take?

Most Mr. Cooper short sales close in 60–120 days from offer acceptance, depending on completeness of the hardship package, whether there's a junior lien (HELOC, second mortgage), and lender workload. A complete file submitted on day one is the single biggest factor in speed.

Will Mr. Cooper postpone the trustee's sale once I list for short sale?

Often, yes — but not automatically. Mr. Cooper typically postpones a trustee's sale only after a complete short sale package and a qualified buyer offer are in active lender review. The earlier inside Arizona's 91-day post-Notice-of-Trustee's-Sale window we engage, the higher the odds.

Will Mr. Cooper forgive the deficiency on my Arizona short sale?

Arizona's anti-deficiency statute (ARS §33-814) protects most owner-occupied homes after a trustee's sale, but a short sale is a voluntary transaction, so the deficiency waiver has to be written into Mr. Cooper's approval letter. I negotiate that as a non-negotiable on every file — never accept an approval that leaves the door open to collection.

Mr. Cooper Short Sale Arizona — What to Expect

Mr. Cooper in the Arizona market

Many Arizona homeowners learn they have a 'Mr. Cooper loan' only when their servicing transfers there. Mr. Cooper services loans for nearly every major investor (Fannie, Freddie, Ginnie, private label).

How a Mr. Cooper short sale works

Submission goes through Mr. Cooper's online platform. After hardship and listing docs are uploaded, the file is assigned to a loss mitigation specialist. BPO ordered, valuation reviewed, file routed to investor (Fannie/Freddie/FHA/VA/private) for approval. Mr. Cooper rarely owns the loan — final say comes from the investor.

Typical timeline

75–120 days typical. Mr. Cooper's queue size means waits at hand-off points (file → BPO, BPO → investor) can run 10–14 days each. A complete file at submission is the difference between 75 and 120 days.

Paperwork Mr. Cooper requires

Standard short sale package plus Mr. Cooper's hardship affidavit form. They flag missing or stale documentation aggressively — anything older than 90 days at any point gets a refresh request that pauses the file.

Common challenges with Mr. Cooper

Communication. Mr. Cooper's volume means individual negotiators can be slow to respond to email. Phone follow-up every 5–7 business days keeps the file moving. Get the negotiator's direct line on day one.

Programs Mr. Cooper participates in

Active HAFA participation (when investor allows), FHA PFS, VA Compromise Sale. Mr. Cooper is one of the more flexible servicers on relocation assistance.

Mr. Cooper-specific quirks worth knowing

Loans transferred TO Mr. Cooper from other servicers retain their original investor and program — meaning a loan transferred from Wells Fargo still follows Fannie Mae rules if that's the investor. Knowing the investor (look at your monthly statement) is more useful than knowing the servicer.

Servicing platform: Mr. Cooper proprietary / ICE Mortgage Technology

Legal name: Mr. Cooper Group / Nationstar Mortgage LLC

Educational information about Mr. Cooper's general short sale practices in Arizona. Specific approval terms vary by file. Not legal, tax, or financial advice. Talk to a licensed Arizona attorney or HUD-approved counselor about your specific situation. I am not affiliated with Mr. Cooper.

Common questions — Mr. Cooper short sales in Arizona

Yes. Mr. Cooper processes Arizona short sales through Arizona's standard non-judicial foreclosure framework (ARS Title 33). Approval depends on a verified hardship, a documented inability to keep paying, and a fair-market offer that meets the lender's net minimum after costs.

Mr. Cooper Short Sale in Arizona