All Forum Posts by: Kate Fomina

They are going to have BPOs done too. Every bank is different but I know BofA (Countrywide before) is one of the slowest. Do you already have an offer? If you don't get one in fast. If you do have an offer DO NOT submit another offer until you get an approval or denial of your first offer. Submitting another offer will send you back to square one.

We have been working on Short Sales since 1995! So yes, we submit offer along with the rest of SS package. And we call every day to check on the status. But this year it has been just terrible!! SO SLOW!! Therefore I am trying to figure out what happened with the banks and what is the best way to close faster

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Scott, yes, the packages are there and we call them every day to check on the status, but they TAKE their time or just assign another Negotiator.

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Lately it takes forever to close a Short Sale. Does anybody know why it takes sooo long for a Negotiator to give an approval even if all documents are submitted and the Investor will get more money VS foreclosure? While it is still not helpful to escalate to a supervisor level and too soon to contact a CEO or AVP I am looking for any contacts of Short Department Management.

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All Forum Posts by: Kate Fomina

Kate Fomina has started 1 posts and replied 3 times.

Post: Escalating Contacts: BofA, Chase, Wells Fargo etc.

Post: Escalating Contacts: BofA, Chase, Wells Fargo etc.

Post: Escalating Contacts: BofA, Chase, Wells Fargo etc.