Countrywide Approves Short Sale- BUT WON'T FINANCE APPROVED AMOUNT!

Wendy... I'm glad you qualified that statement with almost speechless, because I have a feeling you have plenty to say about this. As A licensed Real Estate psychologist...tell me how you really feel?

..............

Pissed             /    Annoyed            /   this is stupid /  Are they blind.... Take your pick!!!

Wendy - we read about the huge bailouts, and we see the inefficiencies at the practical level. If they'd just get the banks to straighten out and hurry up, we wouldn't need to spend billions letting them duplicate the problems.

For some reason...I am not surprised. :-( I hope everything works out for your client Wendy.

We ought to have a group for "Takes the Cake" on short sales...this would be the winner for this week and may go on to the championships...somehow given it is Countrywide...I am not surprised...Hope the Bunny was good to you !

Pardon my French but that is F-ing ridiculous. There should be an investigation done on Countrywide.

Wendy - I agree with Bill - You need to find a way to make this one very well known and investigated. THAT IS CRAZY RIDICULOUS!!!! Maybe a front page headline and article in a newspaper to start??  something, anything,,,, how can this keep going on? Isn't someone Somewhere listening to all the things that are going on with these dam short sales and countrywide? AAGGGHHHHHHH!!  I could scream with you!!!!!

I have to say that Countywide in general has been coted by me as the  the Bank Imposable to get anything done with

Wendy,

Since the bank has an appraisal of $87,000, have your buyer submit an ammended offer of $87,000.00 and submit the new offer together with a letter of explaination to the CEO of Countrywide.  Be polite and ask for his assistance.  You will be surprised on how quickly his office will respond, and you sould be able to get the job done.  It has worked for me.

Bob

Wendy- Nothing they do surprises me anymore. They are just a contradiction after another.

crazy.....this process should be getting smoother as we go....not more difficult or unreasonable

Wendy, your short sale stories never cease to amaze me!  I'm telling you friend, you've got to write a book!

Thanks for sharing your Countrywide story...In phase 3 right now waiting for an approval...

I hope you've had some luck since you posted this...

I'm in a deal where Countrywide (Bank of America) is granting the loan.

For three weeks (yes, three weeks) they've been promising to issue loan docs .... but as yet, we haven't seen them.

Their excuse is "they're overwhelmed with refi work".

Classic Countrywide "Strategery", if one of my best friends didn't support his family by working at that bank I would actually hope for them to go completely out of business forever...

I like Bob's advice best here, mainly because it will allow me to do something which is always cool, paraphrase something from Sun-Tzu's legendary warfare book Art of War while discussing my desk job negotiationg short sales

"Nothing is more difficult than the art of maneuvering for advantageous positions."

Sun-Tzu

Thanks Bob ;)!

P.S.- I've actually read elsewhere that contacting Angelo Mozillo's office directly has worked in the past.  You have to find out how (BofA now) formulates their employee emails and just send a bunch out i.e. angelo.mozillo, angelo_mozillo and hope you guess right.  I think Mozillo is being indicted right now though so he may be a little tied up...