Tuesday, June 23, 2009

Short Sale Frustrations

Back in the first part of April, we had an offer on a short sale home accepted by the seller. It was immediately passed on to the lender for their approval. As of yesterday June 22nd, we still had no response from the lender. We have not even received a time table from the lender. I don't blame the listing agent, he seems to be diligently working to get a response. Sure the lender needs time to make sure they get as much money out of the transaction as possible but you think they would be able to do that in less than 11 weeks. As long as my client wants to stay involved we'll continue to regularly call the listing agent for updates. Hopefully the lender will respond soon.

1 comment:

  1. So sad to hear! keep negotiation up. Hopefully you will get positive results. Good luck!

    ReplyDelete