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Updated over 10 years ago,

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3
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0
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Tahra Wright
  • Westfield, NJ
0
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3
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How do I get to the bank after the auction?

Tahra Wright
  • Westfield, NJ
Posted

Was working on a short sale of a property that was up to auction.  WF was servicer and FNMA is the lender.  The BPO and appraisal were ordered and submitted to FNMA, but for whatever reason weren't sent to WF in time to continue the short sale review and stop the auction and WF wouldn't postpone it.  It went to auction yesterday and the homeowner called me today and told me that the bank bought it back at auction.  So, since the bank already has the BPO and appraisal, they already had an offer from me  it would be easier to work out a deal with them before they look to list it.  Plus they wouldn't be paying any realtor or attorney fees.    I have the contact for the law firm who handled the foreclosure...I just might call them again.

Any suggestions by anyone who has done this before successfully or suggestions on who I should try to talk to?

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