I have become an expert at Short-Sale Negotiations. I work with Realtors who have short sale listings, but do not have the knowledge, expertise and staff to properly put together and monitor their short sale negotiations. As a mortgage professional for over 20 years, I am used to intense follow up and dealing with the mortgage lenders and underwriters. I am used to loads of paperwork, specific stacking orders and adhering to deadlines. Now the Short-Sale process is drawn out and brutal. The banks can procrastinate for weeks…then months, and suddenly all of the documentation is expired and if you don’t have everything in within 24 hours, the file will be closed and you have to start all over again. Yikes.
Well, I am working a Short-sale. We got a call for the BPO and when the agent opened the door to the house, a squirrel came running out!! (This specific Agent once had a deer stroll out of a home!)Then the lights didn’t work. Thank goodness for blackberry flash lights (the cool way you turn your camera flash into a steady beam of light). And it was freezing!! The highlight of the “tour’ was when they went into the basement and their feet sank into 2 inches of ice water. Ughh!! I kid you not!!
The plumber went to the house. He shut the water and the Realtor with the owner arranged for heat and utilities to be turned on. Now we wait to see if the bank will accept the offer presented, but most importantly, I hope the buyer is still interested. I will keep you posted on the exciting end to another short sale saga.
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