Southwest Florida Title Insurance & Real Estate Blog -

Top Ten Things We’d Like to Say to Short Sale Lenders

Posted by Jillian Dohack On April 25

If you deal with short sales on a regular basis sometimes you just need a good laugh.

Top 10 Things we'd like to say to Short Sale Lenders

I decided to have a little fun and create a spinoff of David Letterman’s famous Top Ten segment of Late Night and relate it to the Short Sale world and lenders.

So without further ado, here are the Top Ten Things we would like to be able to say to the Short Sale Lenders:

10. Your File is declined!

9. I can’t find you on the Letter of Authorization; please fill out a new one and allow 72 hours before you can speak on this file.

8. I need your 2 most recent bank statements, all pages for every account possible.

7. We are going to need a higher offer, but we can’t tell you how much.

6. I will give you until the end of the day to respond or I will have to close your file.

5. You can email me but I cannot respond by email. I will Fax you a response.

4. I submitted your file for a decision. Please allow 6 to 8 weeks for a response.

3. I can see that you have no money but we would like a cash contribution and a promissory note for the remaining balance.

2. Is closing on Time? (Repeatedly sending the same task over and over)

And now the number one thing we’d like to say to short sale lenders is: (drum roll please)

1. I am going to put you on a brief hold while I review the file…click!

Have you experienced these type of response’s from the Short Sale lenders? Have any others? Please share yours below in the comments!

And now for our shameless plug:

If you’re looking for an experienced group of short sale specialists in Florida to orchestrate a distressed sale on your behalf (or your client’s behalf) we’d love the opportunity to work with you. Call (239) 985-4142 or connect with us at Facebook.com/WingedFootTitle.

Jillian

Leave a Reply





NOT LEGAL ADVICE: This information is not to be construed as legal advice. Legal advice must be tailored to the specific circumstances of each case. Every effort has been made to assure that this information is up-to-date as of the date of publication. It is not intended to be a full and exhaustive explanation of the law in any area. This information is not intended as legal advice and may not be used as legal advice. It should not be used to replace the advice of your own legal counsel.

Winged Foot Tite, LLC is not associated with the government, and our [short sale orchestration] service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.