Some Major Bank Mergers For Short Sales

Just as a heads up. I am finding a lot of people who are un aware of the Bank of America/Countrywide merge and the WaMu/Chase merge. These things are very critical to short sale. Short sale negotiatons is all about knowing the style of the bank. What is their system? How do they work? What do they normalley except for a short sale? All these questions and answer are bank specific. When two banks merge, it changes the whole game up. Not we are seeing a very slow transition with these banks. Most fax numbers and update lines are the same. We aren’t seeing to many employees being shifted around. I do have a feeling it will start soon. And it will only add to the confusion.

Good luck with your short sales.

Thanks for reading.

- Jeff Buettner
Real Estate Wiz Kid
Arizona Short Sale Realtor & Negotiator

I need some Scottsdale short sale help please!?

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5 Responses to “Some Major Bank Mergers For Short Sales”

1. Carole says:

   July 10, 2009 at 4:29 pm

   Thank you for your help!
2. Wohnen auf Zeit says:

   July 14, 2009 at 6:09 am

   Yes,in many cases the government is encouraging healthier banks to take over shaky or failing institutions. This can lead to previously sound mortgage applications being denied. Or your loan may ultimately go through, but it may take longer. If the process drags on too long, you may lose your rate lock and have to pay to extend it or risk getting stuck with a higher rate.
3. Carolyn says:

   July 22, 2009 at 12:56 am

   you would think that most people would know that these major banks have merged but it is amazing sometimes what people do not know. Seems difficult enough to know what bank may have bought out other banks but consumers really are better off working with agents who do keep track of these changes – banks seem to change their policies every week. It is something that agents working short sales need to keep up with.
4. Cary NC Real Estate says:

   July 23, 2009 at 1:31 am

   I agree with Carolyn. You would think they would make this information more public so real estate agents, customers, etc can properly prepare for the change.
5. foreclosure short sales says:

   July 25, 2009 at 11:40 am

   Without knowing the style of the banks one can’t understand the short sale negotiations.