Racing Short Sales to the End of the World

Short Sales and the End of the WorldSo many questions enter a person’s mind when they consider the world’s supposed to come to an end in a couple of days …

Does it matter if I cover the plants tonight for the freeze warning when they’re going to be thawed and incinerated on Friday?

Was it a wise idea to but that McLaren with the idea to drive it as hard as possible for two days and not have to worry about payments? Zero down, same as cash as we all turn to ash!!

Is it worth taking the time to wrap those last Christmas presents in anything other than 12 layers of aluminum foil?

And, most pressing, is there any chance I’ll see a short sale approval from Everhome before I become a human smore?

My buyers’ offer was accepted on April 5. That, for those not interested in doing the math, is 8 1/2 months ago.

At the time, the loan was held by Bank of America and we were looking at a relatively short time frame to get a response. Except B of A then transferred service on the loan to Everhome at the end of May, which has led to the nearly seven months of delays, excuses and new negotiators.

It’s really simple, to be honest. Everhome couldn’t care less if the seller gets foreclosed on. Everhome couldn’t care less if my buyers ever take ownership of the home.

More than two months ago we received word that Everhome had sent the seller a pre-approval notice of sorts; sign this form and the approval letter should follow shortly. Since then, the file has been swapped from one negotiator to the next and what was supposed to be a pro-forma approval has remained elusive.

Sometimes with lenders it’s a question of poor systems in place to handle short sales. With Everhome, it appears to be utter disinterest.

To say it has been frustrating for all concerned is an understatement. Apparently, though, the point will become moot in 48 hours.

Knowing Everhome, there will be a request for documentation even as the fireballs descend.

Photo credit: George Takei’s timeline on Facebook. Oh myyyyyy.

Jonathan Dalton

Jonathan Dalton is a 40-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at