IBM won't budge and is requesting a large prom note from my sellers even though the sellers have showed lack of savings and extra income. I've argued every standard argument about why the short sale will benefit all parties.

Any direction or suggestions would be greatly appreciated. I'd prefer to talk to a supervisor instead of the rep making minimum wage, but I cannot get through to anyone but the pissed off rep.

Thanks a ton,

Lynne Hutchinson-Catrow
Coldwell Banker Select
Sparks, NV

Views: 71

Replies to This Discussion

Lynne,

I have been told that a Ben Lahmers is the supervisor. His contact info is 503-372-8142 or [email protected]. Good luck I have tried to contact him also and have gone no where. At least you got an approval, we have been fighting with them for almost 3 months just to have the Authorization Letter approved and still have not. We have sent in the first, which I found out always get denied; then a notorized one which was denied; then one of there Authorization letters notorized and still denied. My client is now speaking to an attorney. Since she let them know this, now when I key their loan info in it goes straight to a voice mail box that is full. I dont even get to talk to the gatekeepers anymore. I have come to the conclusion that IBM does not want to do short sales. I will not take another one and any future clients I will just refer to a BK attorney. Let them get only what they can recover on the property and the MI as far as I am concerned. Let me know what you find out.

Jeff Bradshaw
Las Vegas
702-418-4771
Thanks for the input. Next time you call don't enter the loan number. Just keep hitting 0# and you'll get a cust serv rep. You'll have to verify all info and then ask the rep to transfer you to loss mitigation or short sale dept.

I just closed one with ibm about 2 months ago so I thought I knew what I was doing with this bank........
Thanks, Lynne that got me through to the gate keeper, but again even their own Authorization letter has been denied. I have no idea how to communicate with this company. We have done everything that they have requested just to allow me to be able to speak to them as a 3rd party and all has failed. The seller is going to an attorney at this point.

RSS

Members

© 2024   Created by Short Sale Superstars LLC.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************