What part of NO are you not understanding? HI HO SILVER!
As we all know working with short sale lenders can go smoothly (on occasion) but most often
it's not so smooth. Phoenix Short Sales are waning and for that we are all grateful on many levels. I had made the decision earlier that I wasn't going to take on any more short sales (unless really needed by one of our sellers) as I was done working with the crazy stupid banks. And adding to that fact, our market is very close to being back to a 'normal' market so our concentration as been on traditional listings and sales most of this year and last year as well.
We had this one little short sale left that had been started early on in the year. You know that one - the little engine that could have and should have but never got to the top (closing). The first offer we had came in the first week and it was above list with a qualified buyer that was willing to wait 3 or 4 months if needed.
The lender dragged it's feet for well over 4 months and was shocked that the buyer finally walked. Really? You're shocked? Why? You had the entire package on your desk with absolutely everything required within the first week of the contract - and you sat on it. You really expected something else from the buyer? Why? That's just doesn't make any sense in fact it's silly stupid thinking. That's what we think, right? But we handle it as professionally as possible and carry on with business because that's what we do best.
The Seller did want to carry on so we put it back on the market. Once again we procured yet another buyer, within a few days - a cash buyer to boot - and low and behold guess what happened again? I know you're not shocked by the answer because you're smarter than the average bear bank! Same thing - perfectly prepared package ignored week after week, month after month with no response from this lender. And yes of course we were on them as was the attorney involved. The Buyer walked and this time the Seller said I'm done trying to work with this bank and do the right thing. We canceled the listing a while back and notified the lender.
This morning in pops a request for more information regarding the listing, marketing, cancellation etc from the lender. And honestly I had to laugh and just shake by head on this one. No - I am not doing one more thing - not one. I'm done, Done DONE with your bank. I will never ever take another short sale on with you - ever. Is that clear enough? HI HO SILVER!
What do you think? Will they get the message this time?
What part of NO are you not understanding? HI HO SILVER!
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