West Sacramento Short Sale Information – Fannie Mae Short Sale Escalations

Fannie Mae Short Sale Escalations. Looking for West Sacramento short sale information? You have come to the right place. Mike Rigley Certified Default Advocate, Distressed Property Expert and your short sale specialist here thank you for joining us.

Talk about a Hail Mary Pass in the closing seconds to save another homeowner from foreclosure. This was a Wells Fargo serviced / Fannie Mae owner loan that took us nearly a year and 5 buyers before we closed. We have had no less than four foreclosure sale dates postponed and I was sure there was no way Fannie Mae was going to allow number five.

Fannie Mae had declined our buyer over a minor technicality and we were headed for the sale date less than two weeks away. With less than a week before the sale date we secured another buyer but the Wells Fargo short sale department said it was too late. ARGHHHH! Now what do we do?

Well to be honest I was prepping my seller for the bad news when it came to me. Aren’t we the never say die guys? Aren’t we the ones who supposedly fight until the second the gavel goes down at the auction? Darned right we are so I got off my butt and went to work.

We first escalated through the new Fannie Mae Short Sale escalation site but were not getting results and responses fast enough so we went back to the old tried and true method of what I like to refer to as “carpet bombing email” where we blast as many Fannie Mae short sale employees as we can until one agrees to look into our case. Now I have to tell you to use caution when doing this because you will piss off a whole bunch of folks.

With just two days to go before the foreclosure sale date we were contacted by a Wells Fargo Short Sale negotiator and submitted our package to them. They gave us a 10 day extension the afternoon before the sale date. Whew. Now we had some breathing room.

As it would happen we ultimately won out and both Wells Fargo short sales and Fannie Mae Short Sale agreed to the deal. The sale date was cancelled; we got approval from the second in a matter of days and closed this deal in 14 days. Life is good.

Is a West Sacramento Short Sale Right for Me? Give me a call and let’s find out. We also offer a short sale lease back program for those who qualify allowing you to short sale and stay in your home. Call me for details

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 or for the latest West Sacramento short sale information. Call me today and sleep better tonight; you’ll be glad you did.