A Rant About Lender Incompetence On Bellevue Short Sales

Bellevue WA – I am so sick of the incompetence and arrogance of people in the banking industry! It seems like the incompetence never ends. We had a short sale closing last week. The underwriter for the buyer's lender didn't like the way the short sale approval letter was worded. They wouldn't approve the loan until the short sale approval letter was changed. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. We called up the short sale lender. They said they wouldn't make the change. The buyer's lender said the deal was dead. The problem is that how the short sale approval is written makes no difference to them. Most title companies have millions of dollars in reserves to solve title problems. The title policy states and guarantees the title, no matter what the short sale approval letter says. They guarantee that if any problem arises they will write a check and solve the problem. That's why you order title insurance! Apparently this underwriter thought their job duties required them to do the title company's job as well. We finally called the CEO of the buyer's lender. We told them that they were out of line. We told them that realtors and home sellers can't just make unrealistic demands. What if a home seller demanded, "I want to make sure all funds brought to closing have never been laundered or used in the drug trade. We also want the money to be backed by gold." You and I know that is not going to happen. I am forced to deal with incompetence and power trips with short sale lenders. I sure am not going to put up with it when I'm the customer. Fortunately, our argument with the CEO's office worked. They realized that they were in the wrong and made an exception for this sale. What is your opinion on this? Do you think that the lender in this situation is out of line? Would you recommend that we not refer loans to them? Enter your comments below. Thinking about a short sale? I can help you short sale your property and get back on your feet. Send me an e-mail at paulandc@yahoo.com. I will contact you for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (206) 261-7355 Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. Thinking about a loan modification? Our Bellevue loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy. Thanks for reading this, Paul Nelson. Paul is a Real Estate Agent at Force Realty. Bellevue Short Sales Realtor: Phone: (206) 261-7355. paulandc@yahoo.com. View My homes for sale at. Paul Nelson specializes in loan modification assistance and short sales in Bellevue Washington. Bellevue Loan Modification Help, Bellevue Short Sales. Bellevue Short Sale Realtor. Bellevue WA Short Sales. Bellevue Realtor. Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved. Important Notice Paul Nelson, Force Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why? Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit. However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification. We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale. The views expressed here are Paul's personal views and do not reflect the views of Force Realty.