After working a $1,300,000.00 (pre melt down price) short sale for 4 years with WAMU and getting offers from $650k to $485k over the years...all of them always about $20k short of what WAMU would accept...FINALLY it got sold to Chase...current offer of $465k is great price according to processor at Chase who was collecting docs to assign file to negotiator...and then WHAMMO I was told property had auction date set...got to a supervisor who contacted atty for Chase, everyone agreed to stop the sale EXCEPT Judge ..he wrote DENIED across the file and it went to auction..I have been in constant email communication with Chase atty who is passing info (data that I compiled showing that it is in Chase best interest to close with current offer and listing and buying agents in place. This property has been unoccupied all these years and has been vandalized several times, The good news about the auction is that it wiped out the nasty 2nd (charged off) and greatly reduced the HOA..my question to the group is ..does anyone know who what or how to talk some sense into the REO department?? I can't even get beyond the receptionist. The file is only 2 weeks old and is still in limbo at Chase.
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I mean it sounds like you have to wait until they relist it as a REO then submit the bids like everyone else? I know you were working on the file prior, but once it hits an REO is a whole new ball game? Anyone else know?
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