I'm closing a Countrywide/BofA Short Sale Tomorrow! It Is Possible To Accomplish!
A Short Sale Victory! We really like to see these!
I'm closing a Countrywide/BofA Short Sale Tomorrow! It Is Possible To Accomplish!
It's all over but the closing!
It's been a long long road. I had a great Seller ... she hung in there with me and helped every way she could.
The Buyer ... who is a very prominent broker from another office in town, was great! She stayed the course and allowed us the time we needed to get this loan approved!
We started this process on February 25, 2009.
Four Months For Approval!
For All of you who are hesitant to tackle this process ... There Is Hope!
Following is the original blog that I posted!
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On March 7, 2009 I published the follow blog ...
Countrywide Short Sales .... Possible or Impossible? (Members Only) (edit/delete)
An associate of mine says the best success strategy to follow for actually closing short sales is simple, he says just don't work on any property that has a Countrywide 1st or 2nd loan.
Unfortunately, they are everywhere around here!
Personally, we have not ever closed a short sales with Countrywide. Others, but never with Countrywide.
Their turnaround time is long, they don't seem to make sense on their values, and they refuse to communicate. It takes forever on the phone to get through to their "short sale" department only to be told that there aren't any updates and to call back in 48 hours.
If anyone out there has any tips, ideas, or strategies for successfully dealing with Countrywide please share them here with all of us!
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