It seems like every short sale with Citimortgage has been a challenge lately. Maybe it's because most of these are short sales with Citimortgage in second position instead of first position. That makes a difference. They're just battles. After we pass all the hurdles with the first lender, we still need to get past the problems presented by the second lender. This East Sacramento short sale was no exception.
It was a bit of a struggle to find a buyer in the first place because not every buyer for homes in East Sacramento is willing to wait through the short sale process. Not every buyer can wait. Some need to buy a home in East Sacramento immediately. There are few guarantees with a short sale as to the time frame. It can be 2 months or 6 months or a year -- the year timeframe is more likely if it's a Bank of America HAFA. Darn those 3rd party vendors at BAC. Those drag on until people are ready to poke out their eyes with hot pokers.
Read more about how Citi Almost Thrwarts Short Sale Home in East Sacramento.