Monday, April 7, 2008

The Worse Short Sale Lenders

This is my official hitlist of the most horrible lenders to work with
on a Short Sale:
Ocwen First TD
Bank Of America Home Equity 2Nd
Wells Fargo Home Equity 2Nd
Washington Mutual First and second

Any other lender can be delt with accordingly. Although it is quite possible
to get results from each of the named lenders you will rarely get 'Full Settlement
Language.' Also, you will not go anywhere in under 60 days, Wells is saying they
are 120 days out for approvals right now. What buyer is going to hang in for that.
Speculation on my part says they are overly paranoid of arms length transactions
and thinking everybody is out to get them.

-Christopher Rockey