HUD & Sage Acquisitions Processing Times

[Percy N.]

Has anyone been experiencing unresponsiveness from Sage Acquisitions while trying to close on a HUD property? Sage is the new management company HUD is using in the Philadelphia area.

Our offer was accepted almost 60 days ago and for the past 3 weeks we have been trying to pay them to take possession of the property. Title company submitted HUD-1 for approval to them on 7/5/16 - no response. We got close to the contract closing date so sent them an extension request (did not have to pay to extend, but sent PoF) and they obliged. The following week we tried to close again - but no response yet again. We are on our 3rd attempt to close.

Listing agent says he cannot help (I guess some agents just want a comission for entering data into MLS). Any suggestions? Thinking about making a personal visit to their offices.

[Nelson Vargas]

I am a buyer currently going through a similar situation. The worst part is, I am purchasing with a VA loan and Sage is required to write a letter because they will not sign the VA Appraisal Addendum. That is literally the only document holding us from closing. We were suppose to close on the 19th of September. To make matters worse, I am deploying on the 16th of October. This was relayed to Sage, however, they are in no rush close our case.

I'm hoping maybe one of you guys could help me. If you have a direct contact, that would be great. I am on my second extension and would love to close before I am gone for 8-10 months. 

Thanks,

Nelson Vargas