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Posted by Linda Boller on December 30, 2014 at 2:38pm
We have been negotiating a Short Sale in Florida since July. SPS finally accepted offer mid November with a close on or before 12/19. Title Company was working on IRS Tax Lien release. Broker said he spoke to SPS and received a verbal extension. IRS released lien 12/24, close date due to holidays 12/29. Wired cash funds to Title Escrow account 12/26. SPS refused to allow us to close yesterday because of the delay and are refusing to file paperwork to postpone Foreclosure Auction through Clerk of Courts scheduled for 1/7/15. Sellers Broker is filing a motion to reschedule. What is your opinion on this scenario? Do I ask for my money or portion of from the Title Company, void the contract and get the funds deposited to participate in the Auction or hope for the extension approval? This has been every nightmare heard and read. Any suggestions are appreciated.
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Comments

  • Linda Boller January 2, 2015 at 4:18pm
    SPS gave a verbal to extend, then receded. Thank you for the email address. SPS won't communicate with me, the buyer. Agent has reached out to Ombudsman to no avail. Thanks for your comments.
  • Francine Williams January 2, 2015 at 4:04pm

    I just Settled with SPS on December 18, 2014.  I hope this relationship team can help you.  email: relationshipmanager@spservicing.com

    phone: 1.866.820.6218

  • Jonathan Katz January 2, 2015 at 6:21am

    Will SPS issue an extension to close? Sounds like you could still potentially get this closed prior to the auction date and/or get the FCL sale date postponed.

    Brett@ishortsalenow.com

    310-564-6389

    www.ishortsalenow.com

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