This week we finally have an accepted offer and... my seller clients were notified that foreclosure proceedings have been started. In Georgia we are a non-judicial foreclosure state, so literally after advertising for 4 weeks, the home will be sold on the courthouse steps 1st Tuesday in April - unless we get the short sale and foreclosure departments to cooperate.
Does it expedite the negotiations to have Suntrust holding both the 1st and 2nd mortgages?
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couple of updates. On 4/1, they postponed the foreclosure until June. Also on 4/1 they sent a BPO agent out, with request to report her findings by 4/2. They have also requested updated financials from my sellers. So maybe thats progress.
Funny you ask. Wed they told me it was still in processing. Then yesterday, I was told that the file was assigned to negotiator Kathy Bagby on April 1st, but that she had not yet made any notes on the file. Also, the foreclosure is once again on the calendar, this time for June 1. So after I pressed a bit, the cs rep agreed to "escalate" - which she described as a file note to the negotiator that had to be responded to within 24-72 hours. So,,, now we enter a new stage. We shall see.
Missy
I tried to email her using [email protected], plus versions including kathleen and katherine - but all bounced. Have you found an email for her that works?
Jeanne
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