Quick Update- We are week two of our Reality Blog Series of What It Takes To Sell A Short Sale With Two Loans.
Last week all paperwork, authorization forms and contract was sent to both lenders. The latest update is the 1st Trust Lender has confirmed they have paperwork and the authorization however the Loss Specialist is not assigned yet. Call back next week for updated information.
The second trust lender call center informs me they still do not have authorization form uploaded into the system, can you please send again. This is the third time I have faxed to the number given. I do not take that lying down. I express my frustration for the borrower who is in distress and state could you please give me the direct number for the person in charge of short sale decisions. Success, she gives me the phone number and email address. The bad news " the contact persons voice mail says if you need immediate assistance call the covering extension, you call that extension says if you need immediate attention call the covering extension which is the main point of contact! I've left a message and I've sent an email.
This is the part of the SHORT SALE process that makes no sense to me what so ever. The banks have NO Systems in place to confirm a package has been received. This simple step could help set the mood for dealing with the bank and alert the agent on how that particular bank works. A simple form letter that gives instructions,average timelines and a point of contact? Come on people....there are people counting on you to get this right!
We're early in the two loan short sale approval process....
"If you would like to read more about the process of a two loan short sale, please refer to recent articles I've written on the subject."
A Reality Blog Series About A Short Sale With Two Loans....Woodbridge Virginia
Reality Blog Series- How To Sell A Home By Short Sale With Two Loans In Woodbridge Virginia
Reality Blog Series- Short Sale With Two Loans- "The First Few Days!" Woodbridge VA
Reality Blog Series- Short Sale With Two Loans- "We Have Several Offers!" Woodbridge VA
Reality Blog Series- Short Sale With Two Loans- "Papers, Papers, Papers Everywhere!" Woodbridge VA
An Acurate Video That Shows The Frustrations Of Dealing With Banks!
Stay tuned for updates.......
Do you need to sell? Unsure if you can? Just call me or fill out the form below, let's explore all the options available to you. You may be able to Rent your home, Sell Your Home By Short Sale or it may be prudent to attempt a Loan Modification. We can help you figure all that out.
If your a homebuyer and your looking for a home to buy right now, check out all the "Regular Owner" Sales in Prince William County. Right now there are hundreds available. These are homes that are not being sold by short sale or banks. Read More then call our office.
Erick Blackwelder or I will help you find a wonderful place to call home.It's what we do...we're family Realtors helping people in Prince William County.
If you need help selling your home pick up the phone.
703-590-2252
Contact Peggy James or Erick Blackwelder of Erick and Company of Exit 1st Choice Realty, Woodbridge VA. Realtors®, call 703-851-3085 (Peggy) or 703-590-2252 (Office) to list your property for sale or to purchase a property in Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Manassas, Montclair, Dumfries, Occoquan, Dale City, Gainesville area's
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Contact Peggy James or Erick Blackwelder of Erick and Company of Exit Choice Realty, Woodbridge VA. Realtors®, call 703-851-3085(Peggy) 703-590-2252 (Office).Give us a call and we can "GET YOUR HOME SOLD FAST"to list your property for sale we service Woodbridge, Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Manassas,Gainesville, Garrisonville and Triangle area's.Basically all of Prince William County Virginia. Manassas Park, Haymarket,Montclair, Dumfries, Quantico, Fort Belvior, Occoquan, Dale City.
