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SHORT SALE REJECTED!

By
Managing Real Estate Broker with Maxus Realty Group of Samson Properties Broker - Realtor - CEO

 Bank of America - Message Alert: HAFA OFFER REJECTED


What else is new. .they rejected an offer of $400,000 on a $375,000 HOUSE  . . and their counter-offer is a delusional $450,000?????!!!!


Message Inserted (12/06/2011 01:28 PM) On:
   xxxxxxxxxxxxx(Address Here) xxxxxxxxxxxxxxxx
    
    Message Inserted (12/06/2011 01:28 PM) On: 
23804 xxxxxxxxxxxxx(Address Here) xxxMD 

HAFA OFFER REJECTED NEED COUNTER TO LIST PRICE OF $450,000, PROVIDE LETTER FROM MID ATLANTIC FCU THAT THEY ARE WILLING TO RELEASE THE LIEN FOR 6% OF UPB AND WAIVE THE REMAINING AMOUNT TO PROCEED, REMOVE FEES FROM 506, 507. CLOSING COST CREDIT CANNOT BE GRANTED IF OFFER IS NOT MEETING MIN NET, REMOVE FEES FROM 704 & 1304, ENSURE RASS (LAST 2 PAGES OF SSA/TERMS & CONDITIONS OF SALE)
    
    *If possible, you should reply to this note through the Bank of America Short Sale System so your reply is delivered correctly and tracked. To reply, log in to the Bank of America Short Sale System and go to the Messages section. 


 Hey!
Bank of America..

HELP US HELP YOU!!!

Yes, we are working for the homeowner. . 

but

WE ARE TRYING TO HELP YOU!!!!


Be reasonable pleaseeeeeee!

Back to the drawing board. . .


I may be a short sales expert. .

but I'm not Santa Claus for Bank of America!!

Comments (7)
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Lee Forbes
Lee Forbes PA, Forbes Property Group Broker in Bradenton - Lakewood Ranch, FL
Forbes Property Group #1 Preferred Agent! CRS, GRI

When will this end? Do you think the banks will adapt on their own or will it take federal regulation?

Dec 07, 2011 02:44 AM
Fernando Herboso - Associate Broker MD, & VA
Maxus Realty Group of Samson Properties - Clarksburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

Not really sure Lee. . our country is on stand by until the elections are over . 

Dec 07, 2011 02:47 AM
Fernando Herboso - Associate Broker MD, & VA
Maxus Realty Group of Samson Properties - Clarksburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

Thank you for stopping by. .

Dec 07, 2011 02:47 AM
Mike Carlier
Lakeville, MN
More opinions than you want to hear about.

Who has determined that this is a $375,000 valued property?  If it is really worth 375K, why would a buyer offer 400K?

Dec 07, 2011 02:51 AM
Wayne Goss
Keller Williams - Punta Gorda, FL
THE MYSTERY MAN

About two years ago I gave up doing short sales altogether because of mind boggling stupidity like what you are describing. The amount of time and effort was all a waste. Fortunately for me if my memory serves me right, my customers stuck with me and we moved on to something sensible. I tell prospective buyers that if they want to go after a short sale...I AM NOT YOUR MAN!...but I will be happy to put you in touch with a good Realtor who does handle short sales. The only way the banks and institutions will stop their nonsense is if we as Realtor's has a whole just plain stop doing them. Then and only then will they wise up!...Wayne

Dec 07, 2011 02:56 AM
Raine C. Williams
Raine Properties & Investments - Boston, MA

I am patiently waiting for the day when Bank of America will take their heads out of their #$!   No apologies, it's stories like this that make agents crazy as Hell!   ok...whoo sa! 

Dec 07, 2011 04:04 AM
David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

You know they truly got what they deserved when they bought the fraud riddled shop called Countrywide! To act this way AFTER taking OUR money (courtesy of the feds) to bail them out is disgusting! There should be a law against that!

 

Peace my friend

Dec 07, 2011 06:20 AM
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