I have a short sale with Charles Schwabe. We submitted 2 offers on 12/14/10. Seller had signed off on one. They told us about 1.5-2 weeks later that the foreclosure date was scheduled for 1/12/11. They were trying to approve the postponement. We have since submitted 3 more offers. The one Seller originally signed off on is the same as one of the last 3 but it is for cash closing next week. The best offers are $5 over list. We keep calling and the Bank says they are waiting to approve the postpone date. Time is getting short and I don't understand why they don't go ahead and postpone it. Has anyone ever had this happen to them before? Any help would be greatly appreciated.
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Hi Brian,
That's a key point. This home was a part of a divorce settlement a few years ago. American Express Bank FSB had it at that time, I guess Schwab must have got it afterwards. So they have probably tracked the account for about 5 or 6 years, following the money trail. That makes it tougher.
Hi Michelle,
I'm curious to find out your outcome on this short sale with Charles Schwab. I'm involved with a Charles Schwab short sale as a buyer and I'm getting fustrated as well. After 5 months and hearing very little, if any from the listing agent it makes me wonder why I got into this sale in the first place. I know Charles Schwab and short sales are generally difficult, however sometimes I wonder if I'm getting the run around.
The last conversation I had with the listing agent a month ago, he informed me that he was pushing for the valuation, coming on the heels of just having resent them documents that they had misplaced or lost, in addition to updating the seller's taxes with them. If you don't mine sharing your thoughts with me on how or if you got through to them, I would greatly appreciate it.
Richard (Rich)