(Closed) I don't want to be annoying but… I want my house!!!

posted 6 years ago in Home
Post # 4
Member
1670 posts
Bumble bee
  • Wedding: September 2012

I would wait until the end of today and if still nothing, then email your realtor first thing in the morning. FI and I are going through the same process right now…I totally understand.  I just want my house!!!

Post # 5
Member
142 posts
Blushing bee
  • Wedding: September 2012

@Mrs Hedgehog:  Hello, I’m in California and the typical lead time for short sales to finalize is 6-8 weeks; currently, the delay is even greater and pushing 90 days. My husband’s uncle moved into his house 6 months later. When we purchased our first home; our realtor recommended to stay away from short sales becuase the process is so long. She didn’t really have an explanation for the delay other than the banks being overwhelmed and give a short sale the lowest priority. Overall, I think it’s a good option; you get a lot more for your money but patience is key. 🙂

 

Good luck.

Post # 6
Member
5755 posts
Bee Keeper

Email them and be a pain all you want. I hate being put off for no good reason.

Post # 7
Member
5978 posts
Bee Keeper

Eh…short sales are usually never short. I had a friend wait 6 months from her initial offer until she had her short sale approved. You can bother your realtor all you want, but if he doesn’t have an update from the bank, he’s not going to be able to tell you anything.

Post # 9
Member
5273 posts
Bee Keeper
  • Wedding: October 2009

We went through a short sale for the first house we put an offer on & it took about 3 months from our offer date to the time they accepted & it was WF too.

How long has it been total (not only after the higer offer?)

For us, during that whole 3 months, the fridge in the house started leaking and spread to the dining room & under the wood floors. It was heartbreaking that the house we put an offer on, was neglected during that 3 months and after all that waiting, we walked away. 🙁  

edit: read your previous response. Regardless, I would call them – its not like they are going to say “don’t accpet this offer b/c this lady is annoying” if anything the squeaky wheel gets the grease!

Post # 10
Member
801 posts
Busy bee
  • Wedding: December 2012

I don’t really know how short sales work, but remember YOU are the customer here, and YOU are trying to give them money. 

I would call, and not let him/her/them off the hook until something is moving. 

If the seller did not comply to the time frame they originally commited to, the ball is in your camp. You can give them a deadline, by which the offer expires. 

Again, maybe that’s not how short sales work, but don’t let them play with you. 

And I know you love and WANT the house, but sometimes the ability to put a limit is actually what will get you what you want. 

Good Luck!

Post # 13
Member
1670 posts
Bumble bee
  • Wedding: September 2012

@Mrs Hedgehog:  That’s horrible! We’re trying to get a forclosed home, but we did look in to a short sale home.  Our realtor said to only put an offer on that one if we were dedicated. She also asked which bank we would go through because sometimes the “bigger banks” are harder to work with and they take longer because they have more going on.  Good luck and keep us posted!

Post # 14
Member
801 posts
Busy bee
  • Wedding: December 2012

@Mrs Hedgehog:  ugh, I’m so sorry. That must be soo annoying. 

Especially when you feel that there’s nothing you can do. Good Luck!

Post # 15
Member
160 posts
Blushing bee
  • Wedding: October 2012

We did not buy a short sale and we’re located in New Jersey, but our bank is Wells Fargo too and they took forrrreeevvveeerrr… with everything!  I sent them our W2’s at LEAST 3 times and kept records of all the emails, then every time they asked for paperwork again I would forward them the previous email.  It’s like they never kept track of what we were sending them or something.  The people we were dealing with at WF were very disorganized and that made them slow in my opinion. If I had to do it over again I would definitely go with a smaller bank.

Hang in there, I’ve heard short sales take a while and I would say try to get in contact with someone at your bank directly.  Maybe the person who is putting through your loan or their manager & bug them every day 🙂  ..that’s what we had to do, call and email to get them moving.

Good luck with your home and I hope things speed up!  Owning your own home is an amazing thing!! congrats!

Post # 16
Member
10367 posts
Sugar Beekeeper
  • Wedding: September 2010

I think every bank is like that with short sales and foreclosures, especially Wells Fargo. It’s actually been a huge deal with them (google it, plus “Wells Fargo mortgage fraud”). Fingers crossed that it speeds up and everything works out!!!

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