Wachovia makes a short sale short
April 6th, 2010 categories: Real Estate News
We received an offer on one of our listings on March 10, which was signed by by seller and buyers on March 12. It was a short sale, and subject to the bank’s approval. Usually this is months is getting a response from the lender so short sales are notoriously LONG in closing though short in money. Anclote Title Services has two full time short sale negotiators who are diligent in pursuing each one of their short sale contracts. They coach the seller and Realtor to be sure that the package going to the lender is complete to the smallest detail, submit it in a form that can be easily reviewed, and stay in touch with everyone throughout the process.
Today we closed on that sale – yes, it was approved and closed in less than a month! Hurray for Wachovia, for Tami and for Anclote. Thanks for making this work the way it should.
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Glad to hear not all Short sales take forever. Good job! It looks like a good time to buy in your area.
I’ve heard Wachovia is among the best for getting ss’s closed quickly. Have you had any experience with BofA before and after implementation of their online “Equator” system?
We had a transaction that was approved, but MI came back requiring seller to sign a 50k promissory note, ugh.
I understand how you feel. I’ll contact you directly.