My husband is the poor guy who gets to listen to me rant and whine about my business. That's primarily because the cats don't give a hoot when I share my day. To be honest, my husband doesn't really care, either, but at least he's smart enough to say, "That's too bad," rather than, "Here, let me help."
Working on short sales means every day I wake up and wonder: What new fresh hell is in store for me today?
Last night, I complained at great length about a Sacramento short sale with Countrywide, and my husband was forced to listen. He was probably thinking about whether we were out of eggs or low on cat litter, but he sat quietly on the sofa, muting the sound button on the TV remote. When I finished, he said, "That sounds like a blog." He's right.
Countrywide's short sale procedures change constantly. Over the past couple months, I've noticed Countrywide has been slipping a requirement into its short sale approval letters. Here is what that demand looks like:
The problem with this demand is it makes the title company responsible for reporting transfers to Countrywide. Title companies are not responsible for anything that happens after the close of escrow, so naturally, title company legal departments insist that Countrywide strike this item. In the past, Countrywide has removed this requirement. Now, Countrywide is saying no.
Title is refusing to issue title insurance, which means we won't close unless we find another title company that will. One would think that a title company could come up with a way to charge extra for this "after escrow service," and get on with business. Oy.
The Short Sale Savior, by Elizabeth Weintraub, coming June 2009.
Photo: Big Stock Photo
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