Aurora Approved the offer...now they want the Alt RASS package resubmitted with new dates and signatures

This is unreal.  They keep my sellers, the buyer and me waiting since February for a response to our offer. They approve it in July, then we are set to close August 30th. Now they want me to resubmit the Alt-RASS package with new signatures and dates because the Treasury Department is requesting an updated package.

 

I don't believe it. You make us wait, now you want something from us in a hurry, plus resubmitting  the same paperwork with the same figures and the same signatures.

 

I think, and please correct me if I am wrong, that Aurora Loan takes such a LONG time to approve these short sales, they miss the Treasurey Dept deadlines. So now, they need fresh paperwork to submit that looks like they closed it in a shorter amount of time.

 

THIS IS LUDICRIOUS!  My clients are in their 80's, they were screwed by the lender who gave them a neg am loan which racke up to $5000 per month last year and they have had to deal with paper after paper after paper since February of last year!!!

 

Who do I call?  Which Congressman wants to hear about this? Oh, Mr. President, who did you tell me to call on Tuesday and tell them I am fed up with the bureauocracy that YOU have put us into.

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Replies to This Discussion

I am still waiting after getting a short sale into Aurora in January...we have lost 3 buyers, restarted and now have a new buyer

they keep asking for more updates and my sellers comply...but the P & L's they request have to be done by a CPA and it

takes time...Forgive me...what is a ALt-RASS ..what does it stand for? 

Alternative Request Authorization for Short Sale

Linda Quinn said:

I am still waiting after getting a short sale into Aurora in January...we have lost 3 buyers, restarted and now have a new buyer

they keep asking for more updates and my sellers comply...but the P & L's they request have to be done by a CPA and it

takes time...Forgive me...what is a ALt-RASS ..what does it stand for? 

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