I have been working on a short sale with Wells Fargo since 2/26/08. I sent the first fax with the completed short sale packet on 2/29. They didn't acknowledge receiving it until I refaxed it on 3/12. I have called weekly asking to be assigned a loss mitigation negotiator. They told me that they would not do anything until I had a offer. Catch 22 is that I won't get an offer until I have the BPO. I have had several people call me up and decide not to offer based on the fact that a BPO was not ordered. On Tuesday I called and told them I must have a BPO or I might have to lower the prise again. The market value is $220K and I have the price at $185K. The person told me that I would have a negotiator by Friday. Today I called early and they said nothing had been done to get a negotiator. The person sent an Email asking for a negotiator. I called later today and their was no response to the Email. They told me these things take time. Its been a month since they received the documents. My client is losing his credit. I asked if things moved any quicker if I had an offer and they said NO. I sort of feel that Wells Fargo would like to own foreclosure property. I am so frustrated today.
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