StrateUp wrote:It's been 95 days since the seller accepted my offer and 91 days since the sellers short sale package went to his bank. Still haven't heard a word back from the sellers bank. Looks like I'm not going to make March or April afterall. Looks like I'm in for the 1.75% PMI too. I'm a nice person but right now I'm starting to hate everybody involved. This has been going on since Decemebr and I haven't started with the bank yet other than a pre-approval.
Should I start an "April & May Closers - Come on In!!" thread?
StateUp.. It is horrible that you are having to wait so long. I fully expected to wait as long as you have because everything I read about Navy Federal Credit Union said they were the worst and the slowest at handling shortsales. I waited just over 1 month and it passed by quickly. I am bringing this up because we were at risk of losing the house due to it being set for a courthouse auction. We had one week before the house was going to be auctioned off and no one was able to get anywhere with Navy Federal. SOOOooo I wrote an email explaining the situation and sent it to the CEO along with other Head Hanchos : ) Anyways, the very same day I sent the emails I got a response from one of them telling me I would hear something shortly and then a call from my realtor the next day stating that Navy Federal contacted the sellers negotiator and that they were sending paperwork for an extension and stop of the auction. That very next week Navy Federal also accepted our offer! I know that if I had not sent that email we would have lost the house and would have waited much longer for the offer to be reviewed.
I looked up the court documents a week later and saw that everything was processed by the court 2 days before the auction date.... I guess what I am saying is that if I were in your shoes I would write the CEO and whomever else and see what happens. I hope things work out for you soon!
Starting Score: EQ 602 TU 624 as of 01/12/12