For anyone who knows me personally, speechless is not something I ever am! This week there were A LOT of emails and phone calls flying around in central Florida. Frustration is mounting for all parties in this transaction.
We understand the Short Sale process, as much as anybody can. But what I don't understand is why the banks sit on these offers so long. It makes no sense. They aren't getting any money from the seller because they can't afford it and they're not making any money on the sale because they won't sign the darn paperwork approving it. Arrgh! Since the seller is dealing with 2 banks it is more complicated but this is verging on ridiculous!
Our Realtor was on Fire this week, trying to get the attorney negotiating the sale to try and escalate things. As I understand it if this goes on much longer then more costs will be incurred and then one or both of the banks will need to make some adjustments. This could drag things on even longer.
Honestly other than stating the facts of what's going on I don't know what else to say. I have no urgency to do anything else related to this purchase, other than wish it would come to a conclusion. We are all in need of a vacation, and 30C in Kissimmee, is much more inviting than the 3C and snow we have here this morning.
Enjoy your weekend!
Hopefully this will not drag out much longer... must be the longest "short sale" in history!
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