Short Sale Headaches
Posted Jun 11, 2008 @ 2:14 pm, Viewed by 170 Visitors, Read 171 Times.
Many lenders have dedicated staff to deal with short sales and some appear to have developed a process that works for them. Where the problem occurs is the volume of requests for short sales. It overwhelms the negotiators and others who deal with borrowers and Realtors who are requesting short sale consideration. Yesterday, we were talking to a negotiator for a lender who when we asked her to call us back with some additional information she didn’t have, said, “I have over 200 people just like you that want me to call them, just send me a new closing statement with the amount I want or this can go to foreclosure.”
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My name is Julie Jalone an I am a mother, wife and Realtor in the Sacramento area serving buyers and sellers of residential real estate. Read More
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