Navigating through the short sales sea can be a challenging adventure... to say the least.

Most of the time there is MUCH more to complain then to compliment but today, I received a very pleasant surprise.

I submitted a complete short sale package to GMAC (the first mortgage) on 11/20/2008, followed up the next day to make sure the fax was received-it was. I called back to follow up 10 days later, Dec 1st to make sure of the sure that everything was ok, and I was told that the file was complete and I should expect an answer between six to eight weeks... 6 TO 8 WEEKS? AHHH.. That's an insane amount of time to make a decision on a complete file, that has an offer that is above market value.. but ok.. what can I do. I was told to call back in two weeks...so I made a note on my calendar and updated everyone involved in the transaction.

Today... less than 20 days from submission-Thanksgiving holiday in between- I received the short sale approval from the loss mitigator. WOW. Good job GMAC!!!!!

Help lots of people and have a great day!!!

Patty Da Silva, CDPE©, AHWD, e-PRO, GREEN, CFS

Real Estate Broker - REALTOR® & Mortgage Broker

Green Realty Properties

http://www.pattydasilva.com

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