Posted by: Catherine | August 27, 2010

Wachovia Short Sales – don’t wait to start the process


If you have a Wachovia loan in the Bay Area, and you’re nearing the decision to do a short sale, don’t wait.  While Wachovia is still one of the better banks to deal with, things are changing.  I received this note from my Wachovia rep and it is ominous.  It used to be folks would kick into high gear when they finally received the trustee sale notice taped to their door.  Now, it may be too late.  Don’t wait that long.  

If you want to do a short sale, call as soon as possible, or you may be left with no choice but to watch it foreclose. 

Don’t worry though, just consulting with me is free, and you are under no obligation to list your home, use me or otherwise be obligated to do anything you’re not ready to do.  Still working on a loan modification?  That’s ok, but let’s talk about the “what if’s,” if your ultimate goal is to avoid a foreclosure.

Here’s the latest information:

**IF THERE IS A FORECLOSURE SALE DATE SET – WE WILL NO LONGER POSTPONE THAT DATE FOR ANY REASON – if there is an active foreclosure Sale Date we MUST RECEIVE funds no later than 5 DAYS before that Sale Date, also if there is a SALE DATE set we must receive the full package 10 business DAYS prior to that sale date (and again, we will not postpone that date.

FOR EXAMPLE:
If you are SUBMITTING A SHORT SALE PACKAGE on a property that has a SALE DATE SET FOR AUGUST 30th, the SHORT SALE APPROVAL WILL BE ISSUED with an expiration date of AUGUST 25th and we will NOT EXTEND the Short Sale approval or SALE DATE.

 

Contact me, Catherine Myers at www.DiabloValley.net or 925-683-2125.  I work short sales in Contra Costa and many areas of Alameda Counties.  My office is located in downtown Walnut Creek but I service all surrounding areas including Concord, Clayton, Pleasant Hill, Martinez, Pacheco, Lafayette, Orinda, Moraga, Danville, Alamo, San Ramon, Dublin, Livermore, Pleasanton (Ruby Hill), Pittsburg, Bay Point, Antioch, Brentwood, Discovery Bay, Oakley and… ? I have a full team of professionals ready to help you.  Whether you need to sell , or want to buy a short sale, REO (bank owned), investment – we can help.

Catherine Myers
Broker Assoc
DRE Lic 01337828
Windermere Bay Area Properties
Walnut Creek, CA

925-683-2125


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