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Dear Freddie Mac ...

By Cynthia Larsen

Real Estate Broker/Owner CalBRE# 01433049

August 01, 2011 12:21 PM

Dear Freddie Mac. You disclosed to us that we are in a multiple offer situation. We signed your multiple offer disclosure and let you know we wanted to stay in the game. We were told it could take up to 48 hours for you to respond to our offer. HELLO? That was 12 days ago. That was 288 hours ago ... but who's counting?

Maybe everything has been on hold until the debt ceiling bluffs decisions were finalized? Perhaps the broker you have hired has too many listings to handle all any of them well?

All I know is that if my client wins the multiple offer poker game, we will be given a very short amount of time to sign your "first born" addendum. Normally you only give us an average of 12 hours. If we don't respond within YOUR time constraints, we will be kicked to the curb.

What-Me Worry? Nope, just super frustrated with the stupid idiotic double standard set of rules this government of ours has. Now back to my MAD magazine.

Ah ... I love Mondays :)

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Cindy Jones

Integrity Real Estate Group - Woodbridge, VA

Pentagon, Fort Belvoir & Quantico Real Estate News

I'm in the same holding pattern on a BoA foreclosure. I'm suspcious of the hold-up but am trying not to say what I'm really thinking.

Aug 01, 2011 12:31 PM

Cynthia Larsen

Cotati, CA

Independent Broker In Sonoma County, CA

Cindy - so I'm not the only one? Something is starting to smell really fishy.

Aug 01, 2011 12:38 PM

Carla Muss-Jacobs, RETIRED

RETIRED / State License is Inactive - Portland, OR

You have a good point on the bluffs, err debates going on. They are waiting for the other shoe to drop. But in the meantime . . . yeah we are living in a mad, mad, mad, mad, mad, mad world!!

Aug 01, 2011 01:15 PM

John M. Scott

BRE # 01442690, Scott Keys Properties - San Francisco, CA

Broker / Owner San Francisco Bay Area

Cynthia, I used to know how to draw a MAD three fingered optical illusion. Just tried it now and don't have a clue. I think that's the problem a lot of agents who are working REOs have - they don't have a clue.

Aug 01, 2011 02:41 PM

Charles Edwards Bentonville

Coldwell Banker Harris McHaney & Faucette 479-253-3796 - Bentonville, AR

AR REALTOR, Bentonville Real Estate Agent and Broker

AARRGGHH! I may starve but I'm still working 'regular deals'. I cannot take the gov't way of doing real estate.

Aug 01, 2011 02:42 PM

Carla - one thing I can count on with you is you know exactly the references I am talking about. You are the ONLY one who knew who Gladys Kravitz was in one of my posts!

John - three dimensional or just three fingered?

Charles - I don't have that option right now. The agents who didn't get in on selling distressed properties are out of business or nearly so.

Aug 01, 2011 03:37 PM

Jane Peters

Home Jane Realty - Los Angeles, CA

Los Angeles real estate concierge services

What, there aren't two sides to these transactions? Hmmm, and here I thought the life of real estate was fair and unbiased.

Aug 01, 2011 05:59 PM

Ritu Desai 703-625-4949

Samson Properties - Chantilly, VA

Northern Virginia,Washington DC & Maryland Realtor

Cynthia, I am on a waiting game with Freddic Mac foreclosure also..fortunately I know the listing agent is not the reason for the hold up..he has a team setup and our offer was submitted to the bank. Buers and everyone in line are waiting for that phone call..

Aug 02, 2011 01:31 AM

Paul S. Henderson, REALTOR®, CRS

Fathom Realty Washington LLC - Tacoma, WA

South Puget Sound Washington Agent/Broker!

I love your picture of Alfred E. Neuman, however I believe he was much smarter and more ethical than the mythical Freddie Mac.

Aug 02, 2011 04:38 AM

Jane - there are rarely two sides to a transaction these days.

Ritu - I actually feel for the agents who have to be the go-between with some of these deals.

Paul - I grew up with Alfred, the "what-me worry?" has always been a part of my vocabulary.

Aug 02, 2011 04:48 AM

Chris Ann Cleland

Long and Foster Real Estate - Gainesville, VA

Associate Broker, Bristow, VA

I would assume at this point that another offer won the bid and that the listing agent just didn't tell any of the other agents waiting to hear.

Aug 02, 2011 05:10 AM

Chris Ann - that is exactly what happened ... the status was updated to "Contingent" yesterday and I have not received an e-mail or phone call. What a way to do business!

Aug 02, 2011 05:32 AM

Lynn911.com ~ Dallas Real Estate Agent Top Team

Dallas Houses for Rent Dallas Apartment Rentals Lynn911.com - Dallas, TX

Cynthia ... LOL... I just completed a conference call with major lender WHO KEEPS lying tells me XYZ ... then it never happens wants to do a function on ABC date but can't they keep lying ... go figure ...ugggg

Aug 02, 2011 07:24 AM

Lynn - oh it is so much fun to "work" with all of this "information", isn't it?

Aug 02, 2011 10:16 AM

Tammy Lankford,

Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA

Broker GA Lake Sinclair/Eatonton/Milledgeville

Makes me loose my manners when they go and do something stupid like that. Just wanna call 'em up and tell em what for. I actually have a phone number of someone in Texas who works for Freddic Mac. Long story of how I got her number, but sometimes I call her just to mess with her.

Aug 02, 2011 01:31 PM

Renée Donohue~Home Photography

Savvy Home Pix - Allegan, MI

Western Michigan Real Estate Photographer

Hahaha! If I didn't laugh I would cry. Freddie takes the LONGEST to make decisions. Or is it the agents they choose. Things that make you go HMMMMMMMMM

Aug 02, 2011 01:58 PM

Tammy - call her for me, call her for me! Mess with her!

Renee - yep, kind of crying and laughing at the same time right now.

Aug 02, 2011 02:57 PM

Dear Freddie Mac ...

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Cynthia Larsen

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