We all go into these short sales, eyes wide open, that they are going to take some extraordinary effort to get them done. I accept that but why oh why does WAMU have to make this short sale like swimming against the rip current?

A complete file was sent certified mail and received May 7th. We have been going round and round with them; first they alleged that the Homeowner Authorization Form was missing, then it was received, then missing again. In the end, the form was faxed 7 times. We have had to re-submit financial information that accompanied the original package no less than 3 times. Today will be the 4th time the same data was submitted to at least 3 different fax numbers. To make matters even more frustrasting, the 2nd TD is already done. The buyer's approval expires July 31st. At least the appraisal is good for 6 months.

I have been given conflicting information about the status of the file; BPO has been ordered, it hasn't been ordered; a negotiator has been assigned, hasn't been assigned; blah blah blah.

I had a great short sale in the beginning of the year. EMC approved the package in 10 days. EMC and WAMU are under the same umbrella now, Chase.

If I'm going to swim against the rip current, I'm getting my fins and heading to the beach. At least I can get a workout and a tan! Maybe when I get back, I'll have a voice mail that WAMU is ready to roll. I think there's a better chance of pigs flying!

 

2 Comments on WAMU Why Can't They Find the File???

JUL
13
130,587 Points 1 Featured Post

Marla
Yep... Go to the beach...Been there, done that, and wanted to scream and pull my hair out. At least it sounds like it is going forward now. Had one that CW took 6 faxes and 3 months to finally get the file in the system correctly. Best of luck !

1:53pm • #1
135,702 Points

Marla, I think the changes of pigs flying are better too. They can't find the file because they throw them away.  As one Loss Mitigator so eloquently said, there is no such thing as a lost file - we throw them away. Enjoy your beach time - it is time well spent!

1:54pm • #2

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Marla Trussell

San Marcos, CA

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Coldwell Banker Residential Brokerage

Address: 740 Garden View Court Suite 100, Encinitas, CA, 92024

Office Phone: (760) 635-4157

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