Ooops, Sorry! The Accidental Foreclosure

At the end of the day.....even if you do everything right, have a cash buyer and a full short sale approval.....they still may foreclose. Even if it's not on purpose.

Today we wrote a letter to the CEO of Chase, Jamie Dimon. The loan was with WAMU, now Chase. Not sure what more we can do at this point. If anyone has a better idea, please let me know!:

Hello Jamie,

My short sale was fully approved on the above referenced file. When I called in prior to 10/30, we were assured that the Trustee Sale was postponed and that we had an approval. On 10/30, our property was "accidentally" foreclosed on and now Samantha Britt, our negotiator, is attempting to get the sale reversed.

I was just contacted by the REO listing agent as this property has already been assigned, AND they want to offer our tenant Cash for Keys! The built in tenant is a crucial piece to the success of the short sale transaction, as the purchaser is an investor who is buying the property with a built in tenant.

The response we are now getting from Samantha is that "TO RESCIND A PROPERTY DOES TAKE A LITTLE TIME"

It is imperative this Trustee Sale be rescinded as soon as possible and that no further action be taken on the REO side. Please help!"

Well, today is the 10th, the Trustee Sale occured on the 30th. To properly postpone the sale would have taken about 2 minutes. They have certainly had enough time to assign the file to an asset manager, then a listing agent, and now talk to our tenant! What more can be done?

Call Jessica or Randy today to see if YOU qualify for a Short Sale! 602-677-7977

Jessica Sulliman & Randy Curnutt

Realtors, Real Estate Consultants

jessica.sulliman@ashbyrealty.com

(602) 677-7977 Jessica

(602) 677-1002 Randy

www.sunshinespecialists.com