Don't let the sign fool you.
I LOVE negotiating short sales.
Which is fortunate, given that I'm a real estate broker in the greater Seattle area, where prices rose quickly and values dropped dramatically.
In 2000, I negotiated my first short sale for a client and have since helped numerous owners, upside down in value, sell short.
In fairness, the process has gotten better over the last 5 years, but let's just say it's not the "journey" I enjoy so much as the destination.
Some days I wish I had a camera over my shoulder documenting the unbelievable inefficiency of BoA some of the companies I have to work with. Other days I wish I had a direct line to someone in the Government who cared about the senseless bureaucratic BS we're forced to wade through. (Oh wait....why would anyone in Government care about that? Fantasy of mine I guess).
Speaking of fantasies, now and then (usually while on hold listening to some jazzy tune) I visualize being able to stand face to face with a Fannie Mae processor and shout "Snap out of it!" really loudly, ala Cher in the movie Moonlight.
No really.
I actually think about this.
"Snap out of it!
We all know you're going to put up a fight and tell me you can't change the approval letter, but in the end we both know you are going to send me that letter waiving deficiency rights so why are we spinning our wheels here?"
Yes, it's frustrating.
Yes, I often think my time is being wasted with big-bank-bureaucratic-bs.
BUT....then comes the day when my persistence pays off and the iceburg shifts and I can take the sign off my door.
Until the next time that is....
Comments(28)