I imagine today will start out in a frenzy and slowly fizzle out right after lunch. Many holiday weekends are like this as people prepare to go out of town. Some people are already gone as they turn a 3-day weekend into a 4-day weekend. My assistant is one of those people. I panicked because she was leaving me unsupervised. When there is nobody around to keep me in line, I can get into trouble. As if being a Sacramento short sale agent isn't trouble enough for one person.

My husband is already out of town. He is in Chicago visiting family and doing research on his new book. That means I can get naked and run wild. No, that is actually the slogan of a reunion we are attending in the mountains in Colorado this summer. What it really means is I can do wild things such as stick a Wusthof paring knife in the dishwasher or eat half an apricot and throw the rest away, maybe leave the door open with the AC on.

The entities that keep my behavior in check are the cats. They are excellent communicators. They want something, they tell you, in no uncertain terms. I've got one of them on my desk now, eyes locked on my every movement. Just sitting there, pretty as you please, and staring at me, concentrating. Little kitty brain waves are penetrating my skull. What she is saying is where are my damn chicken treats? You haven't seen any cat love PureBites as much as Pia and crazy chicken.

You know who is not a good communicator? Green Tree, that's who. I discovered yesterday that Green Tree, when in second position, will close a HAFA short sale file if we don't get approval in 90 days. A Green Tree short sale negotiator won't give you any warning or tell you, either. He will just one day close the file. Slam, snap shut. Of course, you have the option of not sending any paperwork to Green Tree until you get approval from the first. The first in this case is Bank of America and, due to the attitude of its lackadaisical third-party vendors, those HAFA short sales are often like Rip Van Winkle. But if we wait for approval from the first, that just means the approval from Bank of America will expire by the time Green Tree gets around to issuing its own approval.

So, it's all in the timing. It's always in the timing. I have another Sacramento short sale that should close this afternoon. It's closing by the hair of its chinny-chin-chin. The problem with the closing is the lender. It's often the lender. You can't trust them. They will tell you to your face they can close on time but when push comes to shove they can't perform. I'd rather a mortgage rep tell me upfront they can't guarantee anything than promise something they can't deliver.

It's better to under-promise and over-perform than to do it the other way around. Happy Memorial Day Weekend!

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Elizabeth Weintraub is an author, home buying columnist for About.com, a Land Park resident, and a Land Park real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. DRE License # 00697006.

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Lyon Real Estate is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice. It could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

 

 
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9 Comments on It's Better to Under-Promise and Over-Perform

MAY
25
332,203 Points 6 Featured Posts Called Shot Master

Elizabeth - What's slower?  Green Tree or an FHA short sale with BofA?   I sent more documents in on a BofA FHA short sale yesterday and received an email back from the negotiator that she reviews documents in the order that they are received and she is currently working on documents from April 27th.   I have been working this one since February.

P.S.  I was in your beautiful town last night to see Wicked.  I will be back in July for my girlfriends birthday and Steve Miller concert.  Can you recommend a nice place for dinner in the downtown area?   Thanks.

11:35am • #1
1,515,899 Points 112 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Your cats could teach a short sale bank a thing or two about communicating.  Or would could turn them into Laser Cats and vaporize Greentree.

1:49pm • #2
939,387 Points 94 Featured Posts Outside Blog Attended Rain Camp

This is your second Greentree post in the last week or so (maybe two). Sounds like they have been pushing your buttons. 

3:34pm • #3
982,761 Points 106 Featured Posts Localism Sponsor Outside Blog

Hi Jim: What's slower, you ask? Bank of America FHA Short Sale, hands down. I have tickets for Wicked as well. Did you read the books? I hear it is nothing like the books. As for a restaurant, I'd recommend LoungeOn20, if it's a really nice evening you can dine outside, or maybe Ella's or Waterboy. Those are my 3 favorites in Sacramento Midtown / downtown area.

Hi Chris Ann and Melissa: Green Tree is not as bad as agents make them out to be. But what can you say about a company whose sole purpose in life is to make a profit dealing in worthless mortgages?

3:56pm • #4
982,761 Points 106 Featured Posts Localism Sponsor Outside Blog

Hey Jim: Scratch LoungeOn20 because I just received word it is closing.

5:17pm • #5
158,040 Points 2 Featured Posts Called Shot Master

Love the blog! Thanks for the laugh.

7:11pm • #6
MAY
26
667,050 Points 8 Featured Posts Outside Blog Hit Router Called Shot Master

Morning Elizabeth running around naked and getting money from the Green Tree priceless.  Enjoy the weekend send me some of the titles from your husbands books I'd like to check them out.

5:11am • #7
OCT
24
229,618 Points 2 Featured Posts

WOW, 

I do nothing but short sales, quite successful, and have have not run into such incompetence, since late 2007, and 2008. 

Greentree is the most obnoxious, aragant bank I have dealt with in years. 

Let me know if you have inside contacts, been going 5 months, had it approved by Fannie Mae, and GT dropped the ball and FM closed the file. 

Latest incident, they told me to quit wasting time submitting lowball offers and they would quit closing my file - IT WAS APPROVED, and its not a lowball

1:45pm • #9

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Elizabeth Weintraub, Sacramento Short Sale Agent, Land Park, East Sac, Lyon RE

Sacramento, CA

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Top 1% at Lyon Real Estate #00697006

Address: 2801 J Street, Sacramento, CA, 95816

Office Phone: (916) 233-6759

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Broker-Associate at Lyon Real Estate, midtown Sacramento. Selling since 1974. Home Buying Guide at About.com. Sacramento short sale agent.
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Author Bio: Elizabeth Weintraub is a Sacramento real estate broker, author, home buying guide for About.com, a Land Park resident, and a Land Park agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully closes short sales throughout Sacramento four-county area. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you.

 


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