Recently I had an agent come to me
in distress. She was negotiating a short sale
where Greentree was the servicer and Fannie Mae
was the investor. Greentree had approved the short sale
however the buyer’s lenders appraisal came in lower than the approved price.
Now if you have ever worked with the
folks at Greentree, you know they are tough to deal with – to the point of
rudeness. True to their colors the negotiator bullied the agent and told her
that unless she was able to get to the approved price don’t even call back and
the short
sale would be declined. Here is where we stepped in to help. We
assisted the agent in putting together an escalation package directly to Fannie Mae
detailing the facts surrounding the case i.e. the appraisal did not support the
approval letter and the only way to save Fannie Mae
thousands in the foreclosure was to reduce the approval letter to match the
appraisal. We sent the escalation in and low and behold the Greentree
negotiator sent a new approval letter at the appraised price
We were able to save another family
from foreclosure, help a first time homeowner get into their first home and
help educate another Realtor in the art of short sale.
It truly was a win / win / win for all.
To get a better idea of when your West
Sacramento home will be worth what you owe, log in to www.shortsaleandloanmod.info
for a free estimate or call me today for a free no obligation consultation.
Call me today and sleep better tonight; you’ll be glad you did
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