Laugh? Cry?

Real Estate Sales Representative with Keller Williams

I sent an offer on a vacant, listed short sale to the listing agent 12/7/2008 a Monday.  The "owner" had been out of the house for months and hadn't paid his mortgage for months before that.

The listing agent could not get a returned phone call or any other response.  She felt the offer was acceptable or close to it.  On Friday the property went to the courthouse steps without her knowledge and is now owned by WAMU.  She has not been able to get any kind of response until the present time (1/12/2009)

I spoke to the listing agent Friday the 9th and she said there was still no response from Wamu to her calls.  However, she told me, the ex owner had recently received a call from Wamu offering to modify the loan!

Getting angry just shortens your own life so I hope we all thank the banks for generously making themselves the objects of our ridicule and providing a welcome break in our stressful lives.





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Respect Realty LLC
Respect Realty LLC - Milwaukie, OR
Brokers - Oregon / SW Washington Real Estate

I say cry, these banks and all their different departments don't talk to each other and because of it everyone seems to lose.

P.S. - I'm including this in my wrap up for congress on Short Sale nightmares.

Todd Clark, Helping Families Home -

Feb 08, 2009 06:09 PM #1
Brien Berard
Remax Professionals Laurel MD - Laurel, MD
Maryland Real Estate Agents - Laurel Real Estate

OH man, there is no standard in this market.  It is the Wild West out there.

Feb 18, 2009 10:02 AM #2
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

I know that you posted this a few months ago, but it is so telling of the way the system works. Unfortunately, I'd lay much of the blame here on the listing agent (and some on WaMu, of course).

Apr 01, 2009 01:41 AM #3
Rosemary Brooks
BMC Real Estate - 209-910-3706 - Stockton, CA
The Mother & Daughter Realty Team

Cry and don't even worry about who to blame.  All team players are to blame for this one.

Jun 13, 2010 04:31 PM #4
Jill Watts
Realty Pro, Inc. - Vancouver, WA
A Luxury Experience at Every Price Point!

Hey, here it is January 2011 and the banks are still self righteous, spoiled and stupid. Wells Fargo, Bank of America....all the larger banks. They could make life easier for America but they sit like fat toad frogs on a lily pad.


First...give loan modifications.

Second...close quicker on the offers you have now.

Jan 27, 2011 01:53 PM #5
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Jerry Rolling

CRS GRI ABR Realtor Vancouver WA
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