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Posted by Connie Gohata on Tuesday, July 31, 2018 Under: Short Sale
This current short sale that I have is mostly conversation with two banks.  Right now we have a sale date (foreclosure trustee sale auction) in 2 days and we have NOT heard back from the bank, although I send them email every day.  Today our strategy was to call them, and they circled back to the same people I am in contact with via the Equator platform.  This platform is where all communication with the asset manager, negotiator, and decision makers stand.  

We still have not heard, but the message from someone on the other side of the phone looked up the status and they said we may (not will) hear from them in the morning.  The sale is in 2 mornings, so this is cutting it very close.  Our objective is to postpone the sale date so we can finish the short sale.

The seller and my listing partner are both getting ulcers (may be literally) because the answers come slowly no matter how many times we communicate to the banks.  And now with the sale date approaching, it's very nerve wracking!  

So, like I said before, short sales aren't dead.  BUT perhaps this situation has shortened the life of those involved.

In : Short Sale 


Tags: "short sale" 
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Back to Short Sales

Posted by Connie Gohata on Tuesday, July 31, 2018 Under: Short Sale
This current short sale that I have is mostly conversation with two banks.  Right now we have a sale date (foreclosure trustee sale auction) in 2 days and we have NOT heard back from the bank, although I send them email every day.  Today our strategy was to call them, and they circled back to the same people I am in contact with via the Equator platform.  This platform is where all communication with the asset manager, negotiator, and decision makers stand.  

We still have not heard, but the message from someone on the other side of the phone looked up the status and they said we may (not will) hear from them in the morning.  The sale is in 2 mornings, so this is cutting it very close.  Our objective is to postpone the sale date so we can finish the short sale.

The seller and my listing partner are both getting ulcers (may be literally) because the answers come slowly no matter how many times we communicate to the banks.  And now with the sale date approaching, it's very nerve wracking!  

So, like I said before, short sales aren't dead.  BUT perhaps this situation has shortened the life of those involved.

In : Short Sale 


Tags: "short sale" 
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About Me


Connie Gohata RealtorĀ® and RE Investor Short Sale and REO Specialist Regular Sales, Distressed Sales CA/BRE #01822665 Phone: 714-553-9146

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