Home › Forums › Closed Forums › Buying and Selling RE › Short Sale Process Question
- This topic has 30 replies, 3 voices, and was last updated 13 years, 9 months ago by
sdrealtor.
-
AuthorPosts
-
August 22, 2010 at 8:57 PM #595795August 22, 2010 at 9:15 PM #594746
SD Realtor
ParticipantIt belongs to the bank.
sdr have you been through any of the Wachovia streamlined process yet? I had a buyer and he purchased a home that was in that process and it was amazingly fast. I think start to finish on the approval process was like 3 weeks. The escrow was longer as we had financing issues but that Wachovia process was very nice. On the other hand I have some other buyers who have been through the meat grinder on two different homes and threw in the towel after many months. It was really tough for them as they were a nice couple but just drew two very poorly performing lenders. I think one of those lenders was either Chase or BofA.
August 22, 2010 at 9:15 PM #594840ParticipantIt belongs to the bank.
sdr have you been through any of the Wachovia streamlined process yet? I had a buyer and he purchased a home that was in that process and it was amazingly fast. I think start to finish on the approval process was like 3 weeks. The escrow was longer as we had financing issues but that Wachovia process was very nice. On the other hand I have some other buyers who have been through the meat grinder on two different homes and threw in the towel after many months. It was really tough for them as they were a nice couple but just drew two very poorly performing lenders. I think one of those lenders was either Chase or BofA.
August 22, 2010 at 9:15 PM #595377ParticipantIt belongs to the bank.
sdr have you been through any of the Wachovia streamlined process yet? I had a buyer and he purchased a home that was in that process and it was amazingly fast. I think start to finish on the approval process was like 3 weeks. The escrow was longer as we had financing issues but that Wachovia process was very nice. On the other hand I have some other buyers who have been through the meat grinder on two different homes and threw in the towel after many months. It was really tough for them as they were a nice couple but just drew two very poorly performing lenders. I think one of those lenders was either Chase or BofA.
August 22, 2010 at 9:15 PM #595487ParticipantIt belongs to the bank.
sdr have you been through any of the Wachovia streamlined process yet? I had a buyer and he purchased a home that was in that process and it was amazingly fast. I think start to finish on the approval process was like 3 weeks. The escrow was longer as we had financing issues but that Wachovia process was very nice. On the other hand I have some other buyers who have been through the meat grinder on two different homes and threw in the towel after many months. It was really tough for them as they were a nice couple but just drew two very poorly performing lenders. I think one of those lenders was either Chase or BofA.
August 22, 2010 at 9:15 PM #595800ParticipantIt belongs to the bank.
sdr have you been through any of the Wachovia streamlined process yet? I had a buyer and he purchased a home that was in that process and it was amazingly fast. I think start to finish on the approval process was like 3 weeks. The escrow was longer as we had financing issues but that Wachovia process was very nice. On the other hand I have some other buyers who have been through the meat grinder on two different homes and threw in the towel after many months. It was really tough for them as they were a nice couple but just drew two very poorly performing lenders. I think one of those lenders was either Chase or BofA.
August 23, 2010 at 9:58 AM #594816mike92104
Participant[quote=SD Realtor]It belongs to the bank.[/quote]
That’s what I thought. Thanks guys!
August 23, 2010 at 9:58 AM #594909Participant[quote=SD Realtor]It belongs to the bank.[/quote]
That’s what I thought. Thanks guys!
August 23, 2010 at 9:58 AM #595447Participant[quote=SD Realtor]It belongs to the bank.[/quote]
That’s what I thought. Thanks guys!
August 23, 2010 at 9:58 AM #595557Participant[quote=SD Realtor]It belongs to the bank.[/quote]
That’s what I thought. Thanks guys!
August 23, 2010 at 9:58 AM #595870Participant[quote=SD Realtor]It belongs to the bank.[/quote]
That’s what I thought. Thanks guys!
August 23, 2010 at 10:21 AM #594836sdrealtor
ParticipantNO Wachovia for me yet. I have done some with GMAC Homecomings that got approved in less than a week but that was about a year ago and I havent dealt with them in a while.
Chase seems to be getting better of late. They have expanded and opened up ops in a few different places now. It really depends upon where your file ends up and the differences can be enormous. BOA is getting faster on the front end but they still seem to drag out alot on the back end. Alot of times it has to do with the investor or them not having delegated authority to negotiate a workout. Every file is different.
August 23, 2010 at 10:21 AM #594929ParticipantNO Wachovia for me yet. I have done some with GMAC Homecomings that got approved in less than a week but that was about a year ago and I havent dealt with them in a while.
Chase seems to be getting better of late. They have expanded and opened up ops in a few different places now. It really depends upon where your file ends up and the differences can be enormous. BOA is getting faster on the front end but they still seem to drag out alot on the back end. Alot of times it has to do with the investor or them not having delegated authority to negotiate a workout. Every file is different.
August 23, 2010 at 10:21 AM #595468ParticipantNO Wachovia for me yet. I have done some with GMAC Homecomings that got approved in less than a week but that was about a year ago and I havent dealt with them in a while.
Chase seems to be getting better of late. They have expanded and opened up ops in a few different places now. It really depends upon where your file ends up and the differences can be enormous. BOA is getting faster on the front end but they still seem to drag out alot on the back end. Alot of times it has to do with the investor or them not having delegated authority to negotiate a workout. Every file is different.
August 23, 2010 at 10:21 AM #595577ParticipantNO Wachovia for me yet. I have done some with GMAC Homecomings that got approved in less than a week but that was about a year ago and I havent dealt with them in a while.
Chase seems to be getting better of late. They have expanded and opened up ops in a few different places now. It really depends upon where your file ends up and the differences can be enormous. BOA is getting faster on the front end but they still seem to drag out alot on the back end. Alot of times it has to do with the investor or them not having delegated authority to negotiate a workout. Every file is different.
-
AuthorPosts
- The forum ‘Buying and Selling RE’ is closed to new topics and replies.