SHORT SALE WITH HOMEQ
ONCE AGAIN ANYONE HAD ANY EXPERIENCE WITH A SHORT SALE WITH HOMEQ I AM HAVING A TERRIBLE TIME GETTING THEM TO FAX ACCEPTANCE LETTER TAKES HOUR AND DAYS TO EVEN MAKE CONTACT FOR THE MOST SIMPLE MATTERS I AM GOING NUTS
This company is very hard to work with! I hope it works out for you!
rayshir,
I am having the same trouble with them. They are about as backwards as I have seen yet. I have called and left messages for them to contact me too, but they wont call back. I guess they figure they will get their money without any help to the people they service with loans. They might be trying to corner the real estate market..lol
Patrick
I started a short sale with them. The person who had the loan with them told me that he was apart of a class-action lawsuit (he was just added to it) against them. They are probably being bombarded with requests.
Forgetting about that, banks are by their very nature fat, bloated, slovenly, machines that don't work very well. The only reason why many of them are solvent is because you would have to be a comlete bunch of idiots to loan out at 7% and pay interest at .25% and lose money (although it has happened).
Think about it - in your business if you had major losses you'd probably do whatever you could to minimize those losses. You would devote all your resources to plug the leaking hole. Well banks create a mind numbing procedure that they follow without alteration, and a lowly clerk usually guards the committee that decides on the outcome, which usually takes from start to finish 2 months.
Think about this- why wouldn't you (if you were the bank) just negotiate directly with the buyer, forgetting about hardship letters, W-2's and all that B.S., if you believed (because the person hadn't paid you for 6 months) that a foreclosure was going to happen?
Luckily, the way they choose to do it keeps a lot of people out of the business because they think it takes too long, there's too much paperwork, and they don't want to deal with big, stupid, banks.
Sorry for the rant!
Well put jfreud!! I wonder how to find info on the class action suit. My client might be able to benifit from this too. Any info would help! Thanks
jfreud,
Do you have anymore information on the lawsuit. I have clients that would love to be in on it. They have been through the ringer with Homeq.