Has anyone worked with Bayview Financial on a short sale?
I submitted a short sale package to them on September 3rd and am now on the fourth different negotiator they have assigned to the file with no progress yet.
I'm surprised the buyer is still holding on at this point. The property is held in an LLC with four different partners. Based on all the information they asked for the file is probably 6-8 inches thick by now. They have complained about the size of the file. Is it being put on a shelf because of the sheer size of the file?
No payment has been made on the mortgage for 8 months and the home was on the market for over a year before we received an offer. They indicated that this note is held in house and is not owned by a third party investor. I would think they would want to liquidate this thing as fast as possible. Property values in this area are continuing to decline.
Any help or advice I can get on working with Bayview Financial is much appreciated. My clients just want a yes or no answer at this point.
Comments(0)