Any agent who has experienced working with this lender on a short sale which began as a preforeclosure and now I am told it has reached the foreclosure department, please feel free to give me some guidance.  thanks

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Comment by Janie Howard on October 26, 2011 at 6:57am

Hi Mary, I did not have good success with Acqura Loan Services but it may have been the fault of the actual investor which was Pacifica L Nineteen LLC in San Diego.  I never did figure out where the breakdown was.  We had an offer that was "declined" and finally received an indication about price which was way too high for the home, the neighborhood and the market conditions.  Just prior to the foreclosure date, we got another offer which was quickly declined as well.  There were many possible reasons for the breakdown -- they may have smelled seller money but also, they did tell me early on in the process that Acqura gets paid whether the property is a short sale or it has been foreclosed on.  So that means Acqura has no interest or need in getting a short sale done.  It would probably be a better bet if you can escalate directly to the investor if you can determine who that is.  Hope that helps.

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