A preforeclosure short sale application was submitted more than a month ago. Several follow-up calls indicated a loss mit rep would be assigned within 30 days from the lender's receipt of a completed application. The application was missing, I was told, an order from the bankruptcy court judge.
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01/28/2008
In recent months I've brought a handful of short sale transactions to the closing table for agents, had two 11th hour implosions where the buyers breached their contract and walked away, and still have about a dozen potential shorts mired in servicer confusion and incompetency. - Last week I had
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01/21/2008
