If you haven't seen the story so far, I had a listing, an accepted offer and a cash buyer.
We were set to close. Then http://activerain.com/blogsview/1368775/lender-refuses-to-give-a-payoff and then http://activerain.com/blogsview/1370693/can-a-lender-refuse-to-provide-a-payoff-amount
Well, on Friday at about 11:00 AM, we received a payoff by going around the payoff department and straight to the attorney office handling the foreclosure. I advised them that perhaps they shouldn't put in a lot of time since we were set to pay off the loan in full - if only someone would tell us how much money to send. We officially recorded the sale at about 1:30PM that day.
By this time, unfortunately, the expenses towards foreclosure proceedings just about put this into a short sale. The actions of the lender after the first payoff request added several thousand in fees.
Flash forward to Monday morning. One of the first calls of the day was from the company that services JP Morgan Chase on their foreclosures! Imagine my response when the caller advised that I needed to let someone secure the property!
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