[WSBARP] foreclosure vs deed in lieu

[Kary Krismer]

On 9/23/2020 10:26 AM, rob at hctc.com wrote:
>
> Rick is of course right as always, but my experiences – including 
> successful litigation with this as the centerpiece with a six figure 
> result – is that most of the larger banks (usually through their 
> undereducated and undertrained and undersupervised staff) often just 
> don’t have any idea what they are doing.
>
. . .

I'd agree with that fully if you changed the word "often" to "usually."  
Personally I don't think I could handle it if short sales came back into 
being a common situation.  I had one transaction where the bank was 
unduly concerned about how the bankruptcy trustee was named on each page 
of the purchase and sale agreement, and then after we amended the 
contract to make it to their liking, their addenda came back with her 
named in a different way!

> I think I should retire.
>
I think if short sales become common I'll have no choice but to retire.  
But it's not just banks.  Within the past year we had an escrow who 
could not figure out how to deal with an odd mobile title elimination 
problem.  It took me less than 24 hours to get it resolved with DOL.  We 
had a loan originator selected by the client who couldn't process the 
loan and we had to contact their superiors have superiors take over the 
processing (which they decided they had to start from scratch with it 
was so messed up). And just today I had an experienced agent tell me I 
didn't have to present an offer to the seller because the property was 
under contract.  It gets rather frustrating, making retirement seem very 
attractive.

Kary L. Krismer
206 723-2148

> Rob
>
> Robert D. Wilson-Hoss
>
>
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