I have been working on a short sale from Wells Fargo for almost 4 months. Each time we get close to an agreement they want something more. Now, the bank wants the seller to come up with another $6, 000 in cash in order to process this sale. First, they wanted us to pay closing costs...fine, we agreed. Then, they wanted more money. Ok, we sweetened the pot. Now, after everything was agreed upon they want another $6, 000 in cash from the seller. DO you think the seller would be in a short sale situation if they could pull that kind of cash from their pockets? WTF? So, the bank is wasting another 4 months of this house sitting on the market and losing more money. Now, the seller will go into foreclosure...it seems like that is what the banks want. Is someone getting an incentive for sending homes to foreclosure? Our system is completely screwed up. This is one area that the government needs to step in and help the sellers and buyers out there...stop playing nice with the banks.
