One loan, WaMu/Chase

8/10 - Offer accepted, awaiting completed paperwork.  Under contract with First Right of Refusal.  Back-up contract requested. 

8/17 - Final preparations of SS package & HUD-1 

8/18 - Requested additional documentation from seller

8/20 - Faxed complete short sale package to WaMu/Chase

Two loans, Countrywide/BofA

New offer submitted to lender 7/1.  Accepting Back-Up Offers.  Negotiator Assigned. Under Contract with First Right of Refusal.  

7/14 - Newest offer not imaged, refaxed package with most recent offer & updated financials.

8/5 - Need second BPO - required because Fannie Mae loan, requested escalation for file.  Ordered second BPO.

8/20 - Supervisor requested new negotiator be assigned on the 17th.  Should be in new negotiators hands by Monday.  Should have new notes on file by Tuesday.  Level One negotiator has 15 days to review docs, order BPOs and appraisals.

8/22 - Level One negotiator assigned, T.T.  Most recent BPO 8/5/09.  File indicates additional BPO required, T.T. has until 9/9 to order BPO.

9/11 - Countrywide turned the file over to FannieMae to process on 8/20.  FannieMae has 30 days (undetermined if 30 calendar or business days) to process and respond.  This is under a new project FannieMae started in August.  Based on this new information, we should have a response between 9/20 and 10/15. 

One loan, GMAC

Under Contract with First Right of Refusal.  Package Submitted to Lender 6/29.

7/14 - All initial documents received by lender.  Request for additional document by Analyst. 

7/22 - Appraisal ordered

7/29 - Appraisal received

8/5 - GMAC stated everything "on-track" and we should have a decision within 30 days.

8/14 - Spoke to lender, looking at response around end of month.

8/15 - Requested extension from buyer's agent for primary offer.

8/20 - Re-requested extension for 3rd Party Approval Deadline from buyer's agent.  Awaiting response.

8/27 - Extension Received

9/4 - Spoke to lender. File forwarded to PMI company.  Currently in review.

9/10 - Fully approved, terms agreed & approval letter recv'd by lender, owner & buyer prepared to close by Oct. 23rd.

Two loans, Chase

ACTIVE, Just reduced price to 40K.

7/14 - Received new offer. Called lenders w/FYI, prep for package.  Awaiting owner signature.

Submitted signed offer to initial negotiator.

8/5 - Lender requested new full package.  Requested updated documentation from owner.

8/20 - Awaiting complete documentation from seller.  Sent detailed instructions.  Bank not accepting original documentation.

Two loans, Countrywide/BofA

PENDING. Offer submitted to lender, currently in review.  BPO Ordered.

7/8 - Negotiator assigned. Reviewing offer. No sale date scheduled.

8/5 - Appraisal received by negotiator. 

8/20 - File escalated.  Negotiator has 7-10 business days to complete level one.

8/25 - Phase 1 negotiator approved, forwarded to phase 2 negotiator for full approval and to negotiate closing costs.  Should have answer within 2 weeks.  Appraisal price fell within acceptable range for sale.

9/11 - Phase 2 negotiator received file on 8/27, CG, email rcv'd.  No new notes on file.  Emailing negotiator for update.

 Z House Realty Group

422 South Alafaya Trail, Suite 25 Orlando, FL 32828

Phone: (407) 208-1221         Toll Free: (888) 355-0921          Fax: (407) 208-0111

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