Ok, so the next time someone tells me they don't do short sales... I'll just puke.
However, even for those of us who do them, there are days that makes me wonder. And one of those came the other day.
Here is a short timeline:
Several offers, several negotiations, approved, oh - but wait - the MI wants money and ONLY cash... Deal falls apart, buyer walks. So far, not big surprises.
Finally the seller asks - does BofA just not want to sell the property? As you know, there are a slew of more or less political answers to that can of worms. So I sidestep.
Finally - a few days ago I receivved the final "Short sale request declined" letter, I sent it to the seller, said, oh well, I guess we'll have to decide if we need to laugh or cry - she chose to laugh.
Now, the laughter came, because BofA had actually sold the property at trustee sale some 3 or 4 months ago... So the decline letter was a bit of a testiment to the efficiency of that place...
Ah well, we'll do another one tomorrow and that will get closed.
This goes to show you how frustrating it can be to work a short sale, on some days, it is easy, and on some days, I just want to pull my grey hair out.
If you are considering your options, do give me a call, and we can talk about what you can do - there are typically a lot more options than what we think.
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