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.
Top Agent Serving Dighton Taunton, Rehoboth and more! - Taunton, MA
Top Agent Taunton,Dighton Rehoboth &more
Frank Rubi Real Estate - Slidell, LA
Licensed in Louisiana
WE put in an offer over a month ago and are waiting for the response. Don't hold your breath.
Mar 18, 2008 01:20 PM
The Shafer Real Estate Team, Keller Williams Louisville East - Crestwood, KY
The Shafer Team, Call 502-643-SOLD
eXp Realty of California, Inc Brokerage DRE # 01878277 - Auburn, CA
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!
Mar 24, 2008 04:43 PM
eXp Realty of California, Inc Brokerage DRE # 01878277 - Auburn, CA
Comments(6)