I started this “SHORT SALE” in November of 2008. The seller had started BK after trying to get a Loan Modification. It took me two months and countless phone calls and Fax’s to get it out of B of A, BK department
The first offer was submitted January 4, 2009. After 4 months phone calls 2-3 times a week (April 10, 200) a phase 1 negotiator was assigned by that time the first buyer was long gone. Enter offer number 2 after the same routine phase 1 came back in June, the bank countered 40K higher than the offer after a BPO the buyers went higher by 10K but the bank stood firm. I relisted on the MLS at the Bank price received an offer with in three days, at bank price and was put back into the waiting game! 30 days to be assigned a negiotator
The 17th of August there was a stir of activity along with a TD Sale Date for September 3, I made daily phone calls at this point sometimes three times in one day if I did not get the response I was looking for, not all the people who answer the phones have the same knowledge and some are difficult to even understand because of heavy accents. Then in on August 24, 2009 I was asked for the current seller financials, HUD 1 and signed Sales Contract (again I had faxed it in 2X!), but I resent them and was given a Negotiator Phase 2 email address and sent them there in pdf and the TD Sale was postponed.
September 3, 2009 I was given possible SS approval and would be contacted by a “Closing Negotiator” that did happen thru e-mail on September 10, 2009. Written approval closing date of October 2, 2009. That's three weeks and 1 day or 17 business days. This is a VA loan and I immediately asked the negotiator for one more week, by phone (yes, I have a phone number with a VOICEMAIL, and an e-mail address, Woo Hoo!)
So that is where I am today the termite has been done and the buyer has to have all inspections done by Wednesday!
When B of A says the negotiator will contact you in 30 days it means 30 business days or six weeks plus any holidays. Wish me luck!
Tere Rice Realtor* DRE#01079287
Preferred Group Properties
Temecula Office
cell 951-693-0093
e-fax 951-253-9261
http://temecularanchandhomes.postlets.com/
follow me on twitter http://twitter.com/tricerealtor
please mr & mrs SS specialists do not respond to this, thank you!
Comments (1)Subscribe to CommentsComment