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milmalou
79 Posts |
 Posted - 02/11/2008 : 4:08:21 PM
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I have a client that is getting impatient waiting for an answer from Countrywide!
We agreed to have a 30 days escrow and the supposed to close on the 6th of february. We are ready to go to docs, but the bank hasn't signed the approval of the shortsale. How can the bank let this happen? 20% down, full doc and kept us hanging?
I bet you if we were the one who could not close the escrow, they will definitely harass the buyer to close the escrow. But, since Countrywide is the seller, we should patiently wait and pretend not to see that there are more houses that has gone down their price since we opend escrow, Ha? |
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slants
4274 Posts |
Posted - 02/11/2008 : 4:17:08 PM
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| 30 days escrow on a shortsale is highly unrealistic and the reality is that a high % of shortsale offers are declined or counter offered. |
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liverichly
3936 Posts |
Posted - 02/11/2008 : 4:22:07 PM
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| Dealt with a REO from Countrywide, took them 20 days to accept the offer... then another 15 days to get the paperwork back to escrow. |
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