I recently worked with a very nice couple that were interested in purchasing in a very desireable area of my county that I cover. They put in an offer on a home that was in the short sale phase and the bank never responded to their offer at ALL-Thanks WAMU. Now the home is going to auction. I am really interested in seeing what happens at this sale as the bank would not communicate with anyone including myself! I even called to talk with the president of Home loans and was transferred quickly to an extention and put on hold for 20 minutes! Hopefully you all have a different experience with WAMU than I and the listing agent for the seller did! The listing agent did her job and was as frustrated as I was on this transaction.
Let's see if the lender gets more than my clients offered them prior to them foreclosing? If not then there may be some stockholders that may be interested in knowing what is happening with this corporation.
There are some deals out there right now but many of the homes going to foreclosure have balances owned on them that are not supported by the current market. So the lenders I have learned here recently are less than excited to take a short sale for much less.
I did come across an incredible buy recently that was 3800 sq.ft. of top quality home here in Redding for only $520k and my guess is that they took even a little less.That was a steal!!
Contact me should you want to get in on a deal here in Shasta County. There are a couple here and there...you just have to be in the position to pull the trigger with full lender approval or pay cash to score the best deals...that part has not changed only the market has changed the last year....
Happy hunting!
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