Shortsale sitting 2+years
I've already got one post regarding this property.
But I had a question- The house we are hoping to purchase has been sitting for 2 years at least according to the papers we found stating it had been winterized.
Its still considered a shortsale and not a foreclosure- its a FHA Bank of America shortsale recently (after we made our offer and signed the papers they asked us to) transferred to Selene Bank-
Why would the house sit for 2 years- property taxes still show person who left it in complete dismay with lots of personal belongings behind trashed-name on record.
Can the new servicer decide to not shortsale it but let it go back to HUD? Being it was an FHA loan?
I have read the horror stories- seems like they would want to wash their hands of it being that its a liability stairs were not built to code and are dangerous-if someone viewing the home was to fall could they not sue the current holder?
Again always appreciate any and all info on this- our realtor and theirs is not familiar with this or either just doesn't seem aggressive enough to get the information-
Replies to This Discussion
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Permalink Reply by Tonia Girodo on
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We were told today that the listing realtor spoke to Selene and they asked for our paperwork to be submitted to them.....48/72hr turn around......fingers crossed
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Cant get LA to contact Selene for updates- any ideas????
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Permalink Reply by Short Sale Superstars LLC on
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Why can't you get them to contact the servicer? Are you stating the listing agent isn't doing their job? Have you thought about asking the listing agent to get a 3rd party negotiator involved for assistance?
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