Short Sales...Don't we mean L O N G sales? I've had it with the Bank of A_ _ _ _ _ _ I have presented 3 different contracts for almost full price, and guess what? I have lost each buyer due to the "circle jerk" method this lender seems to have taken on. By the way, we are talking about the same property and get a contract together..falls thru....get another one...falls thru..you know the routine.
The 1st contract seemed to mysteriously get into the hands of a mitagator that took it upon herself to give the homeowners a better rate and a new mortgage....Problem, the homeowners don't live in the house or even in the same state. This without any verbal communication with me.."she had stone walls around her" and there was no phone number that had her name on it! The sellers were not even notified...a package was found in the door at the vacant property..papers to be signed. Crazy!
Next contract, was put into the hands of a mitagator that put them into the "Buyers Walked" pile...without the buyers knowing they had walked...guess what they Walked/Ran!
Third just gave up before it even got started again...........
I have my CDPE, (Certified Distressed Property Expert) but I refuse to work with this bank due to the method of madness; the system is so frustrating when in reality, the 1st mortgage would of been paid in full and the 2nd mortgage with this same lender, as well, would of had more money..than they will now get...NONE!
I love to help people and I am not a quitter; however, I don't know how I can beat or even work with a system that is so confused.........
Until next time, Becky Alumbaugh, The Diva Team, Reece and Nichols