What Happens When You Make ‘Too Big To Fail’ Bigger???? (you create a street fightin’ man or lady)
This week has been a whirlwind. We’re getting ready to close a short sale with a first lien holder, a second lien holder and a mortgage insurer.
Contract executed in October, 2011
Anyone that’s familiar with short sales knows the drill; sellers document, buyers documens. When those are submitted we get requests for 2, 4, or more preliminary HUD 1’s.
Oh no, they don’t tell you everything that’s unacceptable all at once. They break it to you slowly. First, we would allow this much for this. Second, we won’t pay for that.
Well you know the drill…It goes on and on.
So time frames didn’t work before. I won’t be the NAR, bank or government cheerleader because it’s insanity. Look here to find the definition of insanity, as Albert Einstein (or if you prefer Nar Anon 83).
When NAR (their policy making people) and banks ever talk to me or you or someone here in the trenchesabout our short sale problems, we'll find a solution. I’m not talking about a MonkeySurvey; I’m talking name and numbers, face to face. Call me, I’ll give you an earful.
Until then, we're Street Fightin' Man (and Woman).
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