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Escalating agent concerns

Posted by Keith Canty on October 31, 2011 at 4:37am in Short Sale Discussions

I am in the process of negotiating a short sale with Deutsche Bank for my client, an active duty navy member.  My client was transferred out of the area by military orders.  Has any one had any success with this bank and a short sale.  They are asking for a contract price that is above fairmarket for a single bathroom property in this area.  I have sent CMA's as has the selling agent. 

 

I want to raise the issue because the negotiator told me that the lender wanted more return to cover the HAFA costs.  It seems that they are willing to blow up the transaction. 

 

Any thoughts?

 

Thanks, 

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Replies

  • Jeff Payne October 31, 2011 at 5:22am

    Keith, I have escalated my concerns more times than I can count.  What is the worry or concern with escalating?  Just make sure that you pick a battle that you know you can win and have the documentation to back it up.

    I have escalated to DB when they were the investor and have been successful.

    • Keith Canty > Jeff Payne November 2, 2011 at 7:09am

      Jeff, who did you deal with there?

       

      Thanks

      • Bryant Tutas > Keith Canty November 6, 2011 at 12:46am

        Keith. Have you checked to see if the service member qualifies for HAP first? If he does he would not have to go through a short sale.

        • Keith Canty > Bryant Tutas November 6, 2011 at 12:48pm

          Bryant, I did.  He thought he was not HAP eligible because he refinanced his home before he received orders.

           

          HAP would have been wonderful.  DB just did another BPO.  We had a storm here before the BPO and part of the kitchen roof fell in.

          I am still interested in escallating to some one in DB.

          Thanks,

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