On Friday, March 8th, I placed the first call to the lender on my short sale listing, with listing agreement, offer, hardship letter and authorization in hand (along with all other required paperwork). Tuesday, March 12th I had the first call from my point of contact. Friday, March 14th I had an approval letter in my email inbox!!! And all of this happened with politeness and efficiency, contrary to all of the groans of misery and frustration I hear around my real estate community. Now I wait for response on the four offers I have out there on other short sale opportunities. Back to the real world. But hey, there's hope! Maybe lenders are starting to realize that if they drag their feet too long, the buyer will be long gone.

 

6 Comments on A short sale miracle!

MAR
18
2008
244,301 Points 2 Featured Posts Outside Blog
WE put in an offer over a month ago and are waiting for the response.  Don't hold your breath.
8:20pm • #2
MAR
19
2008
MAR
24
2008
Reality kicks in! It turns out that the approval was on the 1st loan. The second loan (with the same bank) was somehow "overlooked" on all of the documentation (which had both loan numbers on every page, was listed on the borrower's financial statement, on my cover sheet, etc!) that accompanied the offer. Now that they realize there is a second loan, they are negotiating that. To be continued... Hopefully just a minor setback!
11:43pm • #4
JUN
14
2008

Sometimes it pays to have a positive attitude and a persistent nature to work with banks.  You have both Noel!  Way to go!
Sandy Schweiger
NorCal Relocation

Sandy Schweiger
11:14pm • #5
JUN
18
2008

Thanks Sandy!

7:38pm • #6

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Noel Crider

Auburn, CA

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Keller Williams Realty

Address: 11601 Blocker Drive #200, Auburn, CA, 95603

Cell Phone: (530) 305-8409

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