Short Sale Approval Finally here!
Short Sales in Broward County Florida
I thought this day would never come! I have had a listing since 2009, a short sale in Sunrise, Fl. Wonderful 3/2.5 bath townhouse with Garage. We have gone through 5 buyers, that’s right 5 different buyers!!! This particular loan is with Bank of America, and I am sure you are familar with how hard it is to work with this bank trying to get Short Sales approved.
Every negotiator we had been unresponsive, no phone calls, no return emails, nothing. Then they come back say you have 24 hours to respond to a task they assign. Are you kidding me?! I send you so many emails and voicemail and now you are going to rush me? Well long and behold you rush get to them and they turn around and take just as long as before. So what happens? You lose the buyer because of the length of time it takes. Again it also depends on the buyers agent, whether or not they took the time to explain how long the process can take.
Well back in April, another buyer comes along, buyers agent is great, has explained to the buyer what it takes to get this done. It still took 4 months, but we have gone through it together. Well on Friday, I got a call from BOA that this Short Sale is Approved! Yeah that’s right it’s finally approved! Now our closing date is at the end of this month, so stay tune for a post that says CLOSED!!!!
Jeannette Getting you the 411FL on Broward Florida!
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What do you think will happen with all these foreclosed homes. The volume of forclosed homes is high. I lost 2 homes, know many others that did also and others that are going in the same direction. The taxes, insurance and mortage are too high. What is the solution to this problem?
Jay its sad of what is happening to many home owners. My only suggestion is to call the lender and see what they can do to help. I have seen banks that have done loan modifcations just so that the seller doesn’t go into foreclosure. If the home owner still can’t afford the payments of the loan modifaction, then the only next step is a short sale. At least in 2 years you could be able to purchase a home again that is more affordable for you. If you need further assistance please call me. 954-993-4104, would love to help you if I can.