*%#&@^countrywide

[SD Realtor]

They just kill me… So far they are BY FAR the ABSOLUTE worst lender to work with on a short sale. I have a client who has an offer on a short sale for a short sale with Countrywide and we submitted over 9 weeks ago. So far Countrywide has lost the appraisal, lost the BPO, lost our offer twice, and there you go… The listing agent is pulling his hair out, everyone involved is totally aggravated with them, and they really don’t seem to care at all.

Jim has a very informative post on his site expressing his read on the slow processing by all lenders even for REOs. I could not agree more. Honestly guys, I bet that out of all the short sales on line, and there are a few thousand of them, well more then half have offers sitting at the lender. A huge percentage of them will indeed lose those buyers because of the processing problems.

Think about it… you probably have some yokel making $12 an hour with a few hundred homes to work on. Lots of motivation there eh?

[Coronita]

Look on the bright side.

At least the Countrywide CEO didn't accidently reply email you back with telling you how "disgusting" the short sale is….

http://seekingalpha.com/article/78429-countrywide-ceo-finds-struggling-homeowners-disgusting

 

Actually, with the pending acquisition with BofA, I'd be surprised employees at Countrywide are really "working" in full capacity. I suspect folks are just hanging on to figure out what severance they get.

 

I really wish BofA would walk from the deal, or at least offer $0/share for CFC. 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Look on the bright side.

At least the Countrywide CEO didn't accidently reply email you back with telling you how "disgusting" the short sale is….

http://seekingalpha.com/article/78429-countrywide-ceo-finds-struggling-homeowners-disgusting

 

Actually, with the pending acquisition with BofA, I'd be surprised employees at Countrywide are really "working" in full capacity. I suspect folks are just hanging on to figure out what severance they get.

 

I really wish BofA would walk from the deal, or at least offer $0/share for CFC. 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Look on the bright side.

At least the Countrywide CEO didn't accidently reply email you back with telling you how "disgusting" the short sale is….

http://seekingalpha.com/article/78429-countrywide-ceo-finds-struggling-homeowners-disgusting

 

Actually, with the pending acquisition with BofA, I'd be surprised employees at Countrywide are really "working" in full capacity. I suspect folks are just hanging on to figure out what severance they get.

 

I really wish BofA would walk from the deal, or at least offer $0/share for CFC. 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Look on the bright side.

At least the Countrywide CEO didn't accidently reply email you back with telling you how "disgusting" the short sale is….

http://seekingalpha.com/article/78429-countrywide-ceo-finds-struggling-homeowners-disgusting

 

Actually, with the pending acquisition with BofA, I'd be surprised employees at Countrywide are really "working" in full capacity. I suspect folks are just hanging on to figure out what severance they get.

 

I really wish BofA would walk from the deal, or at least offer $0/share for CFC. 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Look on the bright side.

At least the Countrywide CEO didn't accidently reply email you back with telling you how "disgusting" the short sale is….

http://seekingalpha.com/article/78429-countrywide-ceo-finds-struggling-homeowners-disgusting

 

Actually, with the pending acquisition with BofA, I'd be surprised employees at Countrywide are really "working" in full capacity. I suspect folks are just hanging on to figure out what severance they get.

 

I really wish BofA would walk from the deal, or at least offer $0/share for CFC. 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[farbet]

They are being taken over by BOA. Poor slobs probably got their termination slip.
Seriously, it depends on the mitigator.

[farbet]

They are being taken over by BOA. Poor slobs probably got their termination slip.
Seriously, it depends on the mitigator.

[farbet]

They are being taken over by BOA. Poor slobs probably got their termination slip.
Seriously, it depends on the mitigator.

[farbet]

They are being taken over by BOA. Poor slobs probably got their termination slip.
Seriously, it depends on the mitigator.

[farbet]

They are being taken over by BOA. Poor slobs probably got their termination slip.
Seriously, it depends on the mitigator.

[SD Realtor]

Actually farbet it does indeed depend on the mitigator but all of the mitigators whom I have dealt with at Wells Fargo, Wilshire Credit Corp, and other companies at least have some sort of clue. Wilshire was actually pretty bad with respect to losing things as well but I can very honestly say Countrywide has taken the cake. This is not the first short sale I have done with them either. I have done 4 others and none of them worked out due to problems we had with them with regards to processing times even knowing the duration that is standard in short sales.

SD Realtor

[SD Realtor]

Actually farbet it does indeed depend on the mitigator but all of the mitigators whom I have dealt with at Wells Fargo, Wilshire Credit Corp, and other companies at least have some sort of clue. Wilshire was actually pretty bad with respect to losing things as well but I can very honestly say Countrywide has taken the cake. This is not the first short sale I have done with them either. I have done 4 others and none of them worked out due to problems we had with them with regards to processing times even knowing the duration that is standard in short sales.

SD Realtor

[SD Realtor]

Actually farbet it does indeed depend on the mitigator but all of the mitigators whom I have dealt with at Wells Fargo, Wilshire Credit Corp, and other companies at least have some sort of clue. Wilshire was actually pretty bad with respect to losing things as well but I can very honestly say Countrywide has taken the cake. This is not the first short sale I have done with them either. I have done 4 others and none of them worked out due to problems we had with them with regards to processing times even knowing the duration that is standard in short sales.

SD Realtor

[SD Realtor]

Actually farbet it does indeed depend on the mitigator but all of the mitigators whom I have dealt with at Wells Fargo, Wilshire Credit Corp, and other companies at least have some sort of clue. Wilshire was actually pretty bad with respect to losing things as well but I can very honestly say Countrywide has taken the cake. This is not the first short sale I have done with them either. I have done 4 others and none of them worked out due to problems we had with them with regards to processing times even knowing the duration that is standard in short sales.

SD Realtor

[Author]

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