I Fought And Won - Saving A Short Sale From Foreclosure!
Short sales are difficult enough without losing one to foreclosure. But the bank doesn't know they are dealing with a stubborn Springfield RE/MAX Real Estate agent!
Working a short sale for the past six months, the bank took four months to agree to complete a short sale on this property. Needless to say, we lost several potential buyers.
Finally, when the last buyer walked.....after bank approval, winter hit and the showings stopped. Two weeks ago, we received a great offer, knowing the foreclosure date had been set. The bank received the short sale package and called a week later. They didn't have the latest bank statements and wasn't going to stop the foreclosure date.
The seller ended up having to leave the country and getting the bank statements was not an easy task, but on Saturday, we were able to send the bank the latest bank statement. President's day gave the bank the day off and today was the foreclosure date.....what else could go wrong.
So this morning, I started early calling the bank. No they weren't going to stop the foreclosure! WHAT? I have a great offer, all documents are now in and they won't stop the foreclosure! After arguing with the voice on the other line for a half hour, they finally agreed to excelerate the postponement request. Of course I'll wait on the line until they email the negotiator.
Calling hourly, before noon, the foreclosure was postponed in order to review the short sale. Whew!!!!! That was too close. Now, let's get this closed!
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