I have a deal that is scheduled for sale next Tuesday and they said they can't stop the sale to do a short sale. I have been doing short sales for quite some time and have never been told no because less than 30 days. I have got them to postpone the shortsale to give us time to submit. Any truth to this 30 day rule with NS? Any help is appreciated. I even called escalations and they said the same thingSee More
"How is the buyer out any money? Would not the contract be cancel-able since there is a short sale contingency and earnest money would be returned with no lien holder approval? Or are you talking about time lost by the buyer?"
"When you're referring the your "closer" do you mean the Closer at Chase? If so, that's insane! If you can't go above his/her head, then find another way to get the difference in the taxes paid without changing…"
I will try to make this as short as I can. After several calls and the ss dept telling us to change something else on the HUD, they realized it was the taxes went up after the approval and said to send HUD back in with correct amounts. My closer was out and now he is back today and he refuses to send the file back. He said he is not sending it back "just because" so now the seller said she will let it foreclose so I have to call the buyers agent and tell them they are out all their moneySee More
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