Eight days into December and I feel I can't catch my breath.  Today, a Counter Offer from ASC on a Short Sale I am working with them.  Along with the very reasonable counter offer came a note that nearly ran my temper off a cliff:

We'll need to know that the second trust is okay with the amount stated on the HUD.

Normally, that would not come as a shock.  Freddie Mac loans, for instance, need second trust approval before they will process the Short Sale on their end.  However, this is an ASC double header (first and second trust)...a completely unknown entity to me.  So when I started the Short Sale process with them, I gave them both ASC loan numbers and was assured by two different ASC Loan Servicing employees that "both loans will be handled by the same negotiator."

NOPE.  That is incorrect. 

So today I am getting the second trust package together and sending to the Wells Fargo Home Equity Short Sale Department. For future reference, not only do ASC first trusts get handled by Wells Fargo Mortgage, but ASC second trusts get handled by Wells Fargo's Home Equity side.  So it begs the question, why even bother having ASC's initials on the mortgage statements?  

As I gather the paperwork to send to Wells Fargo's Home Equity side, I am burning a Christmas Cookie scented candle. Nothing calms the last nerve of a Northern Virginia Short Sale Agent like the warm smell of vanilla.  Ahhhhhhhh. 

Chris Ann Cleland, Associate Broker- Licensed in Virginia, GRI, SFR, Northern Virginia Short Sale Specialist. Affiliated with Long & Foster, 7526 Limestone Drive, Gainesville, VA 20155.  To contact Chris Ann, call 703-402-0037 or email chrisann@LNF.com.  Or you can visit her website:  www.nvarealestate.net.

Header photos taken by Chris Ann Cleland.

The opinions expressed in this post are those of Chris Ann Cleland, not those of Long & Foster REALTORS®.

 
Post is included in group: 31 Days of December Challenge
Post is included in group: Bartender, Make it a Double
Post is included in group: Short Sale REALTORS®
Post is included in group: The Vent
Post is included in group: "Whacked"!!!

7 Comments on My 31 Days of December Challenge--Day #8

DEC
08
2010
239,220 Points Localism Sponsor Attended Rain Camp

Chris,

GOOD LUCK! These deals lately are not getting an easier!

Love the Christmas Cookie scent!
3:34pm • #1
101,309 Points 1 Featured Post Called Shot Master

Good luck Chris, hang in there, don't you just love the curves and the different story you get each time you communicate with a bank?  Yeah, not, me neither.  Anyways, hang in there and keep jumping through those hoops!!!  
4:22pm • #2
1,519,636 Points 112 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Michele:  They aren't as bad as they used to be, I swear.

Kim:  Live and learn.  The world of Short Sales changes everyday. 
4:28pm • #3
197,209 Points

The rules do change every day and with every one you speak to.  Patience is our middel name..........or as the buzzard hanging over a dying animal in a cartoon once said........'Patience My A..., I'm going to kill something!
7:30pm • #4
DEC
09
2010
1,519,636 Points 112 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Elizabeth:  By tomorrow we should be back on track.  Today was a lesson in trusitng my gut.  I should have known better, even though they were giving me instructions that just seemed wong.
5:12am • #5
653,842 Points 49 Featured Posts Localism Sponsor Outside Blog Called Shot Master

The game changes every time you turn around. Ugh! It's enough to make you take up the fine art of drinking,lol. I see you are a Yankee Candle fan. Me too! :)
6:12am • #6
1,519,636 Points 112 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Jackie:  I dont' burn candles year round, but definitely do at Christmas.  I found this one in the back of a cabintet yesteray.  Forgot I even had it.
1:08pm • #7


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Chris Ann Cleland, Associate Broker, Northern VA

Bristow, VA

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Long & Foster REALTORS®, Gainesville, VA

Address: 7526 Limestone Drive, Gainesville, VA, 20155

Office Phone: (703) 402-0037

Cell Phone: (703) 402-0037

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