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Rhonda, I t does sound like you are making progress here. The investor is the one making the decision not SunTrust. The negotiator is gathering information based on the investor guidelines. Not paying closing costs is probably one the guidelines. Hard to predict whether or not the short sale will be approved but most are. Hang in there.
I have a SunTrust right now that has been sitting for several months. Want to share that email address?
You should send an email to Steve Entwistle and ask him to verify the "no paid closing costs" That does not sound right to me and I have now 129 short sale approvals. I work with Suntrust all the time and have them pick up lots of costs. Who is the investor?
Hi; I've completed 2 short sales with SunTrust in 2009 and my last one is such a pain.
The initial offer was submitted in July 2009. Our negotiator is Derek Spinner and this file was sent to the investor in October 2009 for final approval. At that time the investor counter-offered and our buyer accepted. Apparently it was not soon enough and the file was closed.
We started the process all over again and submitted all updated information and the short sale package was then sent to the investor again on December 22nd, 2009.
I've called everyday trying to get an idea when we can expect to hear something. I am afraid we will loose the buyer and also loose the unit to foreclosure as we have a hearing set for February 11th, 2010.
It's frustrating when the investor request documentation they need to have within 24 hours or close the file yet they have had this file in October to review and then again since December 2009 to review with just a yes or no answer.
I've also emailed the Steve Entwistle guy mention here today so hoping to get some answers.
Any suggestions>>>
I wish that I had more to offer to you in addition to Mr. Entwistle's info. We're still stuck in the same situation and haven't made much progress. We experienced the exact same thing, with the negotiator telling us that we had to get something to her within a few hours or she was going to cl0se our case. It was totally unrealistic because she wanted an updated HUD1 with additional documentation that needed to be signed by all parties including the title company and it was on a Saturday morning! All of us rushed to get everything together and signed and back to her within a few hours and you could tell she was disappointed that we made the time limit. She refuses to tell us who the investor is and we had to have a second appraisal done and she refuses to tell us what the appraised amount was. She's been claiming that the amount is too low but we're close, for what the investor wants but she isn't allowed to tell us how much he wants. We are going nuts because we don't know how much more he wants. HELP!!!!!!! I'm about to go nuts.
sherry said:Hi; I've completed 2 short sales with SunTrust in 2009 and my last one is such a pain.
The initial offer was submitted in July 2009. Our negotiator is Derek Spinner and this file was sent to the investor in October 2009 for final approval. At that time the investor counter-offered and our buyer accepted. Apparently it was not soon enough and the file was closed.
We started the process all over again and submitted all updated information and the short sale package was then sent to the investor again on December 22nd, 2009.
I've called everyday trying to get an idea when we can expect to hear something. I am afraid we will loose the buyer and also loose the unit to foreclosure as we have a hearing set for February 11th, 2010.
It's frustrating when the investor request documentation they need to have within 24 hours or close the file yet they have had this file in October to review and then again since December 2009 to review with just a yes or no answer.
I've also emailed the Steve Entwistle guy mention here today so hoping to get some answers.
Any suggestions>>>
Hi; I've completed 2 short sales with SunTrust in 2009 and my last one is such a pain.
The initial offer was submitted in July 2009. Our negotiator is Derek Spinner and this file was sent to the investor in October 2009 for final approval. At that time the investor counter-offered and our buyer accepted. Apparently it was not soon enough and the file was closed.
We started the process all over again and submitted all updated information and the short sale package was then sent to the investor again on December 22nd, 2009.
I've called everyday trying to get an idea when we can expect to hear something. I am afraid we will loose the buyer and also loose the unit to foreclosure as we have a hearing set for February 11th, 2010.
It's frustrating when the investor request documentation they need to have within 24 hours or close the file yet they have had this file in October to review and then again since December 2009 to review with just a yes or no answer.
I've also emailed the Steve Entwistle guy mention here today so hoping to get some answers.
Any suggestions>>>
I'm working on a file that just got assigned to Derek Spinner, i figure his email is [email protected], do you have his phone number and fax #?
sherry said:Hi; I've completed 2 short sales with SunTrust in 2009 and my last one is such a pain.
The initial offer was submitted in July 2009. Our negotiator is Derek Spinner and this file was sent to the investor in October 2009 for final approval. At that time the investor counter-offered and our buyer accepted. Apparently it was not soon enough and the file was closed.
We started the process all over again and submitted all updated information and the short sale package was then sent to the investor again on December 22nd, 2009.
I've called everyday trying to get an idea when we can expect to hear something. I am afraid we will loose the buyer and also loose the unit to foreclosure as we have a hearing set for February 11th, 2010.
It's frustrating when the investor request documentation they need to have within 24 hours or close the file yet they have had this file in October to review and then again since December 2009 to review with just a yes or no answer.
I've also emailed the Steve Entwistle guy mention here today so hoping to get some answers.
Any suggestions>>>
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