I am the listing agent on this particular short sale. On June 17 I was advised by Bof A that we received investor approval, but we were just waiting for the MI approval. I contacted the MI company who told me that they had just received the short sale package the day before from BofA & only take 3-5 biz days to issue approval. 3 Days ago, I received a phone call from the MI Co after I requested an escalation. The reason no approval was issued is because they have repeatedly requested docs from B of A - some of which I could provide, but others that B of A has to. So, as time is of the essence & I don't have time to allow each person 2 biz days to respond, I sent an email to every B of A contact in Equator. It has now been 3 business days & no response. (this actually worked for me before). I just resent the message. We are quickly running out of time here. The buyer we have has been so patient & is being rewarded by having the tax credit closing deadline extended & still no end in sight. I have stopped referring clients to the B of A rep that I always used to work with, which has ended our relationship (her choice). That is another story, though. Sorry, I really don't expect a miracle answer from anyone, just needed to gripe!
have a great 4th of July!
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Amy - Maybe the buyer is chilled out now that the tax credit is extending! I think your favorite rep may have once been mine :)
You're on the right track! Hopefully now you have already recieved the approval... If not, I always recommend asking for the negotiators supervisers phones (Many times there are a few supervisers) and call til you get ahold of someone. They seem to want these files closed and many of them will intervine on your behalf.
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