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A tale of a short sale

Unlike most of my short sale experiences this is a good one.



The keys to this success were as follows:

  1. The buyer client was mellow.
  2. The property was unique, (why would I show an ss when I could work 5 others just like it?)
  3. The property was in EXCELLENT condition.
  4. The listing said "Lender approved SS and price"
  5. The listing agent DID HER JOB!!!!
  6. Sellers were cooperative to the best of their ability.
I cannot stress how… Continue

Added by Jim Little on March 29, 2010 at 12:18pm — No Comments

Wells Fargo, ARRGH

In spite of the PR, WF still drags feet. A negotiator on the first was assigned 12/16, was still "reviewing the file" 1/27. A negotiator for the 2nd, also held by WF was still not assigned yet.
As of yesterday, the buyer walked. Now a family goes to foreclosure, Wells Fargo loses money, a buyer is now discouraged.
I can't wait until the new Treasury rules take effect in April, I hope they will lead to an improvement.

Added by Jim Little on January 29, 2010 at 2:16pm — No Comments

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