“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Wellington Short Sale Agents- Approval Letters Are A Wonderful Thing!

Wellington Short Sale Agents- Approval Letters are a wonderful thing! Yes, they are!

Nestor had to fight all morning with a negotiator who refused to give us an extension on the closing date even though it was in her power to do so. It is our listing- the buyer is getting an FHA loan and his lender needs 45 days to close.

We got the approval letter today!!! YEAH!!!! Oh Wait.. do you remember the post we wrote a couple of years ago... Don't do the HAPPY DANCE just yet!!! You have to read the approval letter first!!

The approval letter did not have 45 days to close on it. Nestor was right back at her with the error and request for the revised approval letter. After some emails back and forth, we finally got her to understand that the time to close was an error on her part. She did not give us the first approval letter until 8 days after she got the approval from the investor on the file. Well 45 days minus 8 days does not equal 45 days!

She did not want to do anymore work on the file, we could sense that in her emails to Nestor. Upon closer reading of the Wellington short sale approval letter the negotiator had left out of the approval letter the deficiency waiver language of which had been previously agreed upon with a cash contribution from our seller. That was another fight. Nestor finally got the right approval letter in his hand and we are moving forward to closing another Wellington Short Sale!

Don't hesitate, call Nestor Gasset and Katerina Gasset today for your private and confidential short sale intake evaluation call at 561-753-0135 where we will go over your foreclosure options with you. There are options to foreclosure.

Posted Thursday Dec 08