Add a comment | Tuesday, January 19, 2010
All the way thru the sale I must say I was very impressed with the way Wachovia had One person deal with me as the listing agent/Realtor. From start to finish I couldn’t have been more fortunate to have dealt with a Professional. The offer I received from the other good Realtor I submitted with the hardship letter and all the other documents in one email. They had the appraisal and written approval quickly (14 days). Now they have recovered fair market value $$$ on the money they had loaned out because the sale is now complete.
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—I am dealing with another good Realtor in a deal, this time I represent the buyer. This bank is SLOW to respond and it has been since Nov 19th since I submitted the offer (Two Months). Now, they are changing negotiators and I am not sure they actually know exactly what they are doing. My buyer is hanging in there when she could be looking for another home. That is part of what is frustrating about buying a short sale home. It takes commitment to make a fair market value offer and be willing to hang in there because some lenders are SLOW. The sellers Realtor is Calling the Loss Mitigation Dept to make sure they talk to the Foreclosure dept to talk to the Beneficiary to stop the sale date while we are waiting on them to get their act together.
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I would rather deal with Wachovia–it is my recent experience that They know how to successfully close a fair market value offer on a short sale in a timely manner.
