Does anyone know anyone in Loss Mitigation in Wells Fargo and Countrywide. Here's the deal I have a few properties that are short sale. Some of them have been going on since Feb 23, 2008. I can't seem to get an answer from the default specialist in the mortgage companies. The only answer I get is the file is still under review. I have potential buyers backing out because I can't give them any information. Please if anyone knows an inside person please let me know.
Not yet determined - Lilburn, GA
maybe the seller is working it out with the lender behind your back. Sellers don't always tend to tell everyone EVERYTHING same for the lender. I would call the main CW and the main WF line and see if they can get you to loss mitigation and see if they can help and get you somewhere! Good luck!
May 19, 2008 03:59 AM
eXp Realty - Hollister, MO
Missouri REALTOR, (808) 384-5645
I had a buyer awhile back who pulled out for a similar reason. The banks or not helping themselves with this kind of behavior.
May 19, 2008 04:02 AM
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F
3 months is not uncommon to wait. We have some that take 5+ months to get approved by the banks.
May 19, 2008 04:03 AM
AVALAR Pro Realty - Jackson, MS
ABR, GRI, WCR
Wow.... This is really getting dishearting.... Thanks for all your help guys
May 19, 2008 04:07 AM
Coldwell Banker - Novato, CA
Broker - Seniors Real Estate Specialist Novato
I am in a similar situation with Citimortgage and Greenpoint. These lenders must be slammed with short sales, so the best thing to do is to keep calling.
May 19, 2008 04:09 AM
Rainer
32,830
32,830
Michelle Way
ABR, GRI, WCR
Comments(5)