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Anyone with Short Sale issues with US Bank?

By
Real Estate Broker/Owner with NoVa Brokers LLC 0225 094634 VA/ 643686 MD

I am and have been working with a short sale with US Bank.  They are the only lender with this property.  I have been assigned a negotiator that just flat out denied my short sale with a reason being that the net proceeds to them need to be at least $207,000.  My HUD 1 shows that they are receiving $217,643 in net proceeds, more than asked for.  So I have attempted many times to contact my negotiator and I have left emails and messages.  Finally after many attempts, I received an email with this as a response "Here is my email for all of your questions".  Nothing else with it. How rude and incompetent can one be?  I have never experienced this type of behavior with a negotiator.  Just checking in to see if anyone else has these issues with US Bank. 

I have now contacted via email and fax and messages the President of US Bank, VP for my region and the National VP of US Bank, to see if anyone will actually address this issue because at this point when I call US Bank short sale department, I only get transferred to the negotiator assigned.  It is kind of a dead end. Very strange way to show that you are helping your customers.

 

 

 

Posted by

FOR ALL YOUR REAL ESTATE NEEDS

 

STELLA BARBOUR

NoVa Brokers LLC

1483 Chain Bridge Road Suite 103

McLean, Virginia 22101

571-814-3002 OFFICE

703-999-6104 CELL

571-281-2866 FAX

www.novabrokersllc.com

stellabarbour@yahoo.com

Licensed in Virginia & Maryland

 http://www.novabrokersllc.com/

 

 

 

Mark Hitz
Keller Williams - The Colony, TX

I heard the job requirement for being a bank ss negotiator is to have documented anger management issues coupled with multiple addictions.  Then again, that's only a rumor.  :)

have you ever watched that show "dirty jobs"? I think this would qualify. Hello this is Mike Rowe and in today's show I will be birthing elephants and then I will spend a day as a Short Sale negotiator at US Bank. 

Aug 30, 2010 02:07 PM
Stella Barbour
NoVa Brokers LLC - Vienna, VA
Principal Broker, Serving Virginia and Maryland

Mark, that is so funny.  I needed a laugh.  You are probably right.

Aug 30, 2010 04:31 PM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Stella, It’s not strange at all when we realize they are not helping … that is part of the problem. I wish you all the best with this and hope that you get resolve with the negotiator and approval for the sale.

Aug 30, 2010 05:24 PM