I am an agent and I am helping someone short sell their house. X Lender (to remain unnamed) claims that they have sent a short sale package to the seller a couple of times.
But, they haven’t because my customer has never received anything. What can I do? They won’t start the short sale process until they receive the filled out package back from the seller. Katie.”
Here was our recommendation to Katie. </strong>Katie, you need to find out who owns the loan. Most likely it isn’t X Lender.
Then, tell the lender representative person that you will contact the loan owner direct and let them know about their incompetence.
As an example, we recently told a negotiator at a large nationwide lender that we would contact all the VFW posts about their incompetence on a VA short sale.
Their incompetence was causing the VA loan program to lose money. We threatened to tell America's Veterans how this lender was wasting their money.
We even put together a press release. What did that negotiator do? She got the short sale approved ASAP. This lender had been dragging their feet for almost two months before that.
We were able to get another large national lender to start working on an FHA file right away, when we reminded about a 5 day turnaround requirement that is in the FHA short sale guidelines.
The basis for contacting the loan owner is that you are holding the servicer accountable. Don't kid yourself, it works. The people who stand to lose money are going to be angry that the lenders do such a lousy job. Thinking about a short sale?
I can help you short sale your property and get back on your feet. Send me an e-mail at phillis@txhomerealty.com or fill in the contact form to the right and I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (214) 650-5536
Thank you for reading my blog, it is for information only if you need legal advice please consult an attorney.
Give yourself financial freedom by calling the expert in the business. I have a proven track record of success with short sales. I am the short sale queen of Texas with the knowledge, experience, training, and team to keep your home out of foreclosure.
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