The latest in the Countrywide/BofA short sale fiasco… “you’ve been randomly selected…”

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The latest in the Countrywide/BofA short sale fiasco… “you’ve been randomly selected…”

Yep, that’s the words still ringing in my ears… We’ve been working on this file since DECEMBER 2nd! The home has been vacated for almost a year… this is DEFINITELY a short sale deal… C’wide/BofA has already approved and closed the identical house in the same subdivision for the SAME SELLER months ago… and yet

“Your file has been randomly selected for a new Fannie Mae program where they will review the file for a possible modification. They’ve sent a letter to the homeowner with some further info that they need, financials, etc. and if he doesn’t respond within 30 days, they will stop working on the modification and it will get assigned back to your same negotiator.”

Wwwhhhhaaattttt???!!!???

So what you’re telling me is that I’ve been taken OUT of the short sale que so we can see if a modification is possible on a home that the seller has already abandoned?

By the way… the “letter” they sent my seller was sitting at his front door the other day when I went to check on the property… why would FedEx leave a letter at the front door of an obviously vacant house? The front doors are all glass and you can see right in that it is vacant!

I’ve having my seller respond to their “letter” in the negative, as in: “I don’t want a $^#$%& modification! I want my #$%&^#$%@ house sold! We’ve been trying for 9 months, we’ve found you 3 different buyers, you’ve done 8 BPO’s and 2 full appraisals on this house, and yet here we are still discussing it! Move me back into the short sale department… NOW!” ( I anticipate that he will put it more gentle when he talks to them… he’s actually a very GOOD communicator, but I know that’s what he’ll be thinking!)

They say that might get me back in the short sale department in less than the full 30 days. we’ll see.

Anyone else experienced this yet? If not… I guess I’ve warned you!

AAAAAAAAARRRRRRRRRGGGGGGGGGHHHHHHHHH!!!

RESOURCES:

For Real Estate Agents: Subscribe to my weekly e-zine at www.AndyTolbert.com

For Homeowners: BeforeYouShortSale.com and SeminoleCountyForeclosureBlog.com

For Investors: IRCFlorida.com