Short Sale Mountains to Climb.

By
Real Estate Agent with Better Homes and Gardens Real Estate Metro Brokers

Short Sale Mountains to Climb. Photo by Richard WeisserAfter being told yesterday that a FHA short sale that took six months to open had been unceremoniously closed after six additional weeks without a negotiator being assigned, I began to what in the world “loss mitigation” is all about.

I fully understand that these departments are understaffed and overworked. I also realize that my offers are just a drip amidst the torrent of underwater files that need to be salvaged from the oceanic depths of distress.

But regardless of the overburdening of these workers, there still needs to be channels of communication open and available. Most people are patient as long as they KNOW WHAT IS GOING ON!

Frustration is the offspring of ignorance.

Just less us know the situation and we will deal with it.

But please do not ignore us.

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Topic:
Home Selling
Groups:
"Whacked"!!!
Diary of a Realtor
The Lounge at Active Rain
Realtors®
BananaTude
Tags:
loss mitigation
short sales

Comments 12 New Comment

Anonymous
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Rainmaker
413,835
Patty Da Silva, Davie, Southwest Ranches Cooper City, Plantation, Weston, REALTOR
Top Listing Broker
BROKER of Green Realty Properties® - 954-667-7253

Communication, imagine that.

October 05, 2012 08:58 AM
Rainmaker
1,660,278
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.
WHISPERING PINES REALTY

Sadly, the short sale process isn't any better now than it was several years ago in many instances.

October 05, 2012 10:13 AM
Rainmaker
216,511
Michael Blue
REALTOR - 760-889-8877, Encinitas/Carlsbad
Home Smart Realty West
I could say I have been lucky and that hasn't happened to me because so far the negotiators I've dealt with are quite responsive And get back to me within 24 hours if not sooner. But I do solicit short sales with certain lenders. Wachovia and then Chase.
October 05, 2012 11:19 AM
Ambassador
743,566
Suzanne McLaughlin
Wright & Sherburne Counties Realtor
Sabinske & Associates, Inc. (Albertville, St. Michael)

I work with short sales, but I hand the negotiating off to my broker, who is not only one  of the most patient people I know, but also the smartest as far as knowledge as to how to deal with the yahoos at the "banks". 

Wishing you all the BEST....Suzanne 

October 05, 2012 01:33 PM
Ambassador
1,395,019
Tammy Lankford
Your Lake Sinclair Expert (706-485-9668)
Lane Realty

just had this happen with a chase file.  Then they refused to do deed in lieu for them too.  I wanted to climb through the phone and strangle them when they told my seller he would have had to make that request in writting last week. 

October 05, 2012 04:48 PM
Anonymous
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Ambassador
1,621,644

Richard Weisser

Richard Weisser Coweta Newnan Homes for Sale
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Additional Information

Author Bio: Richard Weisser is a Georgia real estate broker, licensed auctioneer, and has been writing about Georgia Real Estate since 1999.

Coweta Fayette Real Estate offers opinions and helpful information to consumers and real estate professionals in the Coweta County Georgia area.

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