Today was one crazy day, Well let me start at the beginning - Wednesday, I spent the day working the phones talking to the Loss Mitigation department in regards to a house that I have listed as a short sale. After hours on the phone I thought I had found the right person that would allow me to reduce the price of this house so that we could get in under contract.
Well this weekend went as planned and today got two offers on the house. Yes. Well I call my client in today for us to look over the contract and sign the best one (for the bank). Well when she arrived, one of the first sentences out of her mouth was that the bank had called her and told her that the house had been foreclosed on.
Well, needless to say I jumped on the phone and away I went again. Well after getting into the loss mitigation department again, I find out the house was foreclosed on on Thursday and that the bank was no longer handling the file and had been turned over to Fannie Mae. I tried to talk to them about these two contracts and they just referred me to Fannie Mae.
Well I get on the phone with Fannie Mae - I have never dealt with these people directly and the first person that I talk to stated that there was no way to save the deal due to the fact that it is going to take them 30+ days to clear the title and to start the process. Again I tell them that I have a buyer for this house and that if they would accept the contract we could save them a lot of paper work. Strangely enough she told me that they would have to come back in 30+ days and submit the offer again.
I hung up the phone with this crazy feeling - DON'T THEY HAVE ENOUGH WORK. Here I have a read, willing, and able buyer and they are letting them go. I'm thinking here I am going to help and lighten the work load yet you refused to help yourself.
I'm starting to think that the banks deserve all that they get and I hope we put a lot of them out of business.
Vincent McKamy - Realtor
Coldwell Banker Elite
Serving Fredericksburg, Stafford, Spotsylvania Virginia, and the surrounding area