Replies to This Discussion

Permalink Reply by Donna McClelland on June 7, 2013 at 4:48am

Hi Gerry,

It is unfortunate that the short sale negotiator won't give you any details on the progress of the short sale - that is not how I operate as a 3rd party negotiator; but on the bright side, it sounds like you are making progress as the documents you have been providing/signing are all signs that the short sale is moving forward.  It would not do you any good to call Ocwen as you are not authorized by the seller to get information about the short sale.  Ocwen has greatly improved its service so I am surprised it has taken four months to get this far.  This could have been done in 2 months if the seller had a better team on it.  Good luck!  I'm sure you will get approval soon.

Permalink Reply by Gerry Wilden on June 7, 2013 at 5:01am

Donna, thank you for the encouragement.  I speak to the paralegal in my attorney's office often and emailed her Kathy Robinson's contact information. She forwarded it to the sellers paralegal. Whether they act on it I don't know. Fortunately my EMD is only $1000, so I can walk at any time. However the contract price is about 85% of what I believe to be the value of the house and comparable houses.  I am reluctant to get into another SS, as I had one previous failure where the seller didn't qualify for hardship, (not even close) and I wasted 5 months.

Permalink Reply by Donna McClelland on June 7, 2013 at 5:03am

Be sure to let us know how it turns out!

Permalink Reply by Gerry Wilden on June 7, 2013 at 8:27am

Thanks.  I'm a proactive kind of person and feel like I would like to do something to move this along.

Permalink Reply by Gerry Wilden on June 10, 2013 at 5:46am

Minor update. The contract of sale between myself and the seller had a few items that were crossed off and changes written in by hand. The bank wants the pages where there are corrections printed showing the changes and sent to them. This mean anything? Again tomorrow marks 4 months since I signed the contract.

Permalink Reply by Donna McClelland on June 10, 2013 at 5:50am

The fact that the bank is looking so closely at the document is a good thing.  That means your offer is seriously being considered for approval.  Send them the original printed copy so they can see what was crossed out.

Permalink Reply by Gerry Wilden on June 10, 2013 at 6:01am

Thanks, Donna. They already have the original but it is a good suggestion to include a copy of it with the new printed version. The seller's attorney is handling it as they generated the contract. Hopefully they are smart enough to include the hand written original to make sure it is changed correctly. 

Anyone want to take bets when we should receive an answer one way or the other?

 

Permalink Reply by Donna McClelland on June 10, 2013 at 6:14am

I'm going to bet that you'll get approval by the end of this week.

Permalink Reply by Gerry Wilden on June 10, 2013 at 6:20am

Thanks for the support. I hope you are correct.

Permalink Reply by Gerry Wilden on June 14, 2013 at 9:06am

Unfortunately didn't happen this week. Pretty gutsy prediction on your part. Hopefully next week. I come from the land of a 6 months short sale being quick.

Permalink Reply by Gerry Wilden on June 18, 2013 at 8:20am

The seller's attorney received the approval letter today.  So your prediction was spot on considering it probably took two business days for the mail.  Do you have some kind of crystal ball?

Permalink Reply by Donna McClelland on June 18, 2013 at 8:28am

LOL!  No crystal ball, just a lot of experience and some good intuition!  Thanks for letting us know and good luck to you!  P.S.  Short sales should never take 6 months!

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