Shortsale sitting 2+years

I've already got one post regarding this property.

But I had a question- The house we are hoping to purchase has been sitting for 2 years at least according to the papers we found stating it had been winterized.

Its still considered a shortsale and not a foreclosure- its a FHA Bank of America shortsale recently (after we made our offer and signed the papers they asked us to) transferred to Selene Bank-

 

Why would the house sit for 2 years- property taxes still show person who left it in complete dismay with lots of personal belongings behind trashed-name on record.

 

Can the new servicer decide to not shortsale it but let it go back to HUD? Being it was an FHA loan?

 

I have read the horror stories- seems like they would want to wash their hands of it being that its a liability stairs were not built to code and are dangerous-if someone viewing the home was to fall could they not sue the current holder?

 

Again always appreciate any and all info on this- our realtor and theirs is not familiar with this or either just doesn't seem aggressive enough to get the information-

 

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Replies

  • Cant get LA to contact Selene for updates- any ideas????
    • Why can't you get them to contact the servicer? Are you stating the listing agent isn't doing their job? Have you thought about asking the listing agent to get a 3rd party negotiator involved for assistance?

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