Replies to This Discussion

Permalink Reply by Jeanne Dufort on April 5, 2010 at 4:31am

Just had one postponed in GA - another non-judicial state. But... they went down to the wire. Sale date was April 6, and they just made the postpone decision on April 1 evening.
I was told consistently by the loss mitigation reps that they cannot request delay until 2 weeks prior to the sale date. On that date, the rep sent an email to "the processer" requesting delay. Kept calling every 2-3 days, but no decision was made until 5 days out.
Good luck.

Permalink Reply by Claudia Carignan on April 7, 2010 at 2:24am

Jeanne good for you. Suntrust just sent mine into foreclosure and refused to postpone the sale of the property even with a great offer(that they told me what to ask for) -she basically told me to tell the buyer to go and buy it from HUD.

Permalink Reply by Claudia Carignan on April 14, 2010 at 4:20am

I wrote a letter and faxed it to the management at Suntrust on a property that they foreclosed on on April 6, 2010. They had an offer on the property and instead of giving me the option to reduce the closing amount this "analyst" decided that the house should go into foreclosure because the offer asked for 3% and not 1% in closing costs - ridiculous as the buyer could still close with 1%. One of the executives called me back the day after foreclosure as they had received my letter outlining everything that happened from the start of the short sale approval up until the day of foreclosure - he said that they would rescind the foreclosure as we did have an offer. On 4/07/2010 - executive called back to let me know they are in the process of rescinding the foreclosure and to send an amendment and updated preliminary HUD-1 to the same "analyst"and so I did. They are going to approve the short sale and all is well that almost ended horribly. My seller is happy now that his house will not be a foreclosure.

Permalink Reply by Jeanne Dufort on April 14, 2010 at 2:00pm

Claudia - good job! You showed great initiative by contacting SunTrust management.

Claudia Carignan said:

I wrote a letter and faxed it to the management at Suntrust on a property that they foreclosed on on April 6, 2010. They had an offer on the property and instead of giving me the option to reduce the closing amount this "analyst" decided that the house should go into foreclosure because the offer asked for 3% and not 1% in closing costs - ridiculous as the buyer could still close with 1%. One of the executives called me back the day after foreclosure as they had received my letter outlining everything that happened from the start of the short sale approval up until the day of foreclosure - he said that they would rescind the foreclosure as we did have an offer. On 4/07/2010 - executive called back to let me know they are in the process of rescinding the foreclosure and to send an amendment and updated preliminary HUD-1 to the same "analyst"and so I did. They are going to approve the short sale and all is well that almost ended horribly. My seller is happy now that his house will not be a foreclosure.

Permalink Reply by Anna "Banana" Kruchten on July 20, 2010 at 4:33am

So they went along with the 3% closing costs for buyer? That is good to know. I've got an offer coming in today on my 1st sun trust deal and I wanted to know what direction they may go in with closing cost assist.

Jeanne Dufort said:

Claudia - good job! You showed great initiative by contacting SunTrust management.

Claudia Carignan said:

I wrote a letter and faxed it to the management at Suntrust on a property that they foreclosed on on April 6, 2010. They had an offer on the property and instead of giving me the option to reduce the closing amount this "analyst" decided that the house should go into foreclosure because the offer asked for 3% and not 1% in closing costs - ridiculous as the buyer could still close with 1%. One of the executives called me back the day after foreclosure as they had received my letter outlining everything that happened from the start of the short sale approval up until the day of foreclosure - he said that they would rescind the foreclosure as we did have an offer. On 4/07/2010 - executive called back to let me know they are in the process of rescinding the foreclosure and to send an amendment and updated preliminary HUD-1 to the same "analyst"and so I did. They are going to approve the short sale and all is well that almost ended horribly. My seller is happy now that his house will not be a foreclosure.