I just closed my first short sale with Wachovia.  What a difference! 2 months vs 4-9 months. No BS.....just down to business, give me the facts and lets move forward.

What a delight and relatively coherent process. Now if the rest of the banking and lending industry would get on board we can move the inventory and get the housing industry back on its feet.

The negotiator was professional, did not take things personally, did NOT get hysterical and appeared to be very well educated and knowledgeable.

Wachovia has certainly realized the urgency and essence of working with short sales and moving forward as well as properly training their negotiators.

On the other side after 9 (NINE) months Countrywide(Now Bank of America) finally closed on one of my homes in Antioch.

What a nightmare, closed the file twice, first time entirely their fault, would not take ownership lost buyer.  took 6 months to get short sale approval meanwhile turned out the buyer did not qualify  for loan but I was able to put another one in immediately in May and finally 2 weeks ago we closed. By the way did I mention that the investor wanted exactly this amount $245,405.23

The purchase price had to be written up for the above number. Nothing more, nothing less.

Catherine and I both were fortunate enough  and I say this with a smile to work with a negotiator from another banking industry who is hysterical , emotional, hates realtors, would constantly reference it was all about our commission instead of the task at hand, totally unprofessional, came across as someone who was picked up off the streets without training. I remember speaking to Catherine about her and unless you personally have dealt with someone like that it is hard to comprehend.

Then Catherine calls and says you will not believe who I have to deal with on this file and you were right , she yells, she is hysterical and condenscending. Why we were both blessed with the same negotiator I will never know.

So I tip my hat to Wachovia and say THANK YOU for a job well done.