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Help! My short Sale's Fallen And Can't Get Back Up! (Need Advice For My Client ASAP)
This is not my typical light and fluffy fun posts that I enjoy writing. You may realize my week was not anything near fluff and fun. In fact it was a week of frustration, and well, throwing in the towel when I really didn't want to.
This post is really more of a few questions posed to those of you with expertise in the area of short sales.
The background: (while much more involved I tried to keep it short)
I was very recently working on a short sale for a home owner in Grand Rapids Michigan. We were in the middle of negotiating a rather good offer for the bank. It was actually accepted by the bank but not quite through some negotiating on inspections. In order to make a long story a shorter one, I will just say that there was negligence on the banks negotiator in loss and mitigation, where the ball was completely dropped and the buyer ended up walking. After numerous attempts to contact her, I resorted to trying to contact her supervisor and getting the run around each time for my efforts there. Not because they did not agree with me but because the personal system is inept. Everytime I would finally get ... more

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