the loan modification amount offered was a joke, turned it down, decided to do short sale, got a realtor, 3 weeks later, we have a buyer, supposed to close June 30th...now, we are just being told that by turning the bank offer down, we forfeit the right to short sale and the only other alternative besides keeping the house, is foreclosure. Shouldnt the realtor have known this already?, the loan modifications are so common these days, would'nt/shouldnt she have even known to ask if we didnt mention anything? I just cant believe this is happening this close to a closing date. I cant help but feel someone dropped the ball on us somewhere. I mean, how can this subject not even come up in all the times we have talked to the bank even. If i'm we are wrong in not catching this, we can own that, but this is such a big deal, I cant believe it wouldnt have been mentioned during any of this. I hope someone can shed some light...cause this changes the entire situation for us, and not in a good way.
26 months ago