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lynneschuepbach · Joined: 20 Sep 2010 Posts: 2 1.00 Dollars($)

I have been trying to short sell my house in California since December. Bank of America makes the process so hard and long lasting, that I've already lost two buyers. What can I do to get the bank to move faster.? The house is unoccupied, but the utility bills alone are growing exponentially! I can't afford to touch them!!!

gmakerley · Posted: Mon Sep 20, 2010 1:54 pm Post subject:

Do you have a good realtor, Lynne? Do you have an attorney working with you on this situation as well? Each of these would be beneficial for you in seeking this short sale. They ought to be able to assist you in speaking with BofA about your needs.

lynneschuepbach · Joined: 20 Sep 2010 Posts: 2 1.00 Dollars($)

Reply to George Alerley:
I do have a (great) realtor who is much more patient than I and has only, only given the best advise. I can't afford an attorney! I'd be living on the streets with a shopping cart if my daughter's family wasn't the loving, kind people they are. My realtor is doing the best he can, but he has trouble with the 2 interacting computer programs that don't communicate any better than the humans do. I'm sure you can hear mu frustration. The humans we talk to are kind and patient too, but they can't actually make much difference. Yoiks!!!

gmakerley · Posted: Tue Sep 21, 2010 10:20 am Post subject:

Y'know, I just thought of this because I saw a blurb this morning about short sales; the US House of Representatives has a bill pending that would require lenders to provide a decision within 45 days.

That leads me to believe you might do well to contact your local US Senator or Representative and ask their office to step in on your behalf. Lenders will jump if they're suddenly asked for information by people in the government.

Try it - I think you'll like it!

Guest

Which senator? A California senator? The Oregon senator I actually know (he's a former student)? I live in Michigan now...a Michigan senator? I don't know any California reps... But I'm facebook buddies with the Oregonian (though I'm not entirely sure he won the last election...) What do you suggest? It actually sounds more proactive than some of the other things I've been considering.
On NPR tonite an author was talking about his new book about the foreclosure problem in Florida. He witnessed a suicide brought about by a foreclosure...certainly that's the LEAST proactive reaction I can think of. Ick. and SAD! I am heartened that the House is at least addressing the problem.
Thanks for the info and the suggestion...
Lynne

gmakerley · Posted: Mon Sep 27, 2010 11:50 am Post subject:

Sorry for the delay in reponse, Lynne. I would have to think that your senator or representative where you live is your first and best bet. Of course, if the property is elsewhere, then you may have to reach out to that representative. Call them both! It can't hurt - all of them are beholden to those of us who elect them and they will run with something like this, because it will help with obtaining future votes.

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How do I get a bank to move faster on a short sale?

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