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We Waited 90 Days to Get An Answer from Our Bank And Then The Buyer Walked.

Monday, November 7, 2011   /   by Lynn Horner Baker

We Waited 90 Days to Get An Answer from Our Bank And Then The Buyer Walked.

North Metro Atlanta – A large national bank did a lousy job on a short sale file. We waited 90 days for an answer on an offer. The buyer got impatient and walked.

We had a backup buyer. But, instead of reviewing the new offer, the short sale negotiator closed the file. The owner of the loan, Freddie Mac, lost around $1,800 in interest on the 90 days that elapsed.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Rather than just sit here and take abuse, we decided to stand up for ourselves. We got the entire list of fax numbers for congress. We typed up a fax and sent it to every member of congress.

Your agent should fax congress if your bank is unwilling to work with them on a short sale. The majority of all loans are federally insured or guaranteed.

Examples are Fannie Mae owned loans, Freddie Mac owned loans, FHA insured loans, VA insured Loans, and even USDA insured loans.

This leaves these banks and servicers open to huge liability. If they mess up on a federally owned or insured mortgage, they are causing Uncle Sam to lose money. 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 Lynn@HornerBakerPartners.com. 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 770 579-4060

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our North Metro Atlanta loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, Lynn Horner Baker.

Lynn is a Real Estate Agent and owner of Horner Baker Partners. North Metro Atlanta Short Sales Realtor:

Phone: 770 579-4060. Lynn@HornerBakerPartners.com.

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