countrywide short sale approvals: Countrywide Wants Short Sale Buyers' Social Security Numbers - 09/10/08 04:26 PM
I have two interesting short sales in process with Countrywide. One is in Destin, Florida, the other, Navarre, Florida. In both of these cases, Countrywide is asking for the buyer's date of birth and home address. In one of the cases, they want the buyer's social security number.
Why does Countrywide want this new information? Apparently, in Short Sales where their loss is greater than $250,000, Countrywide told me they do a "background check" on the buyer to seemingly ensure he is not related to the seller. In one of these situations above, the buyer is refusing to provide his social security number. He … (18 comments)
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countrywide short sale approvals: Countrywide Short Sale: Here's The Drill - 08/21/08 08:55 AM
I know everyone likes to complain about Countrywide Short Sales, but you know what, I like them. They are consistently inconsistent. I've had approvals from them in five weeks, without even a phone call from the negotiator, to five months, after them losing information, switching negotiators four times, and forgetting to order BPO's. At least it's a behemoth of a "system", and the consistency of the agent is the key to success with them.
My most recent approval is a condo in Destin, Florida. The drill was the same as most other short sales, with the key to the magic "approval" near the end. … (2 comments)
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countrywide short sale approvals: Countrywide: Just the "FAX" Please! - 07/01/08 05:57 PM
Remember when you were little, there was a game when you'd whisper something in someone's ear, and they would whisper it to the next person, etc, and by the time it got to the last person, the story had changed? Well, it still happens in the grown-up world, and it's pretty scary when it happens with something as important as a Short Sale approval. Here is an adult story of how the most careful communications can go awry, threaten closings and impact moving vans and people's lives....
Scenario: Countrywide Short Sale, four months after initial offer submission, 40 phone calls made by … (15 comments)
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