August 12, 2009 : Put offer on house. Sellers agreed, Bank of America verbally agreed to it.
August 24, 2009 : Home inspection completed. House has been vacant since May or June.
September 16, 2009 : Tons of rain over the past few days. Sump pump overflowed, due to electricity being off in house. Used generator to turn on sump pump and push broom water from basement into sump pump.
September 17, 2009 : Had electricity turned on in our name, to make sure sump pump will run with rain.
September 24, 2009 : Sell our house, move into short sale house… still waiting for closing.
October 6, 2009 : Negotiator has been assigned.
October 31, 2009 : Foreclosure papers are on the front steps. Still no word/communication from negotiator.
November 6, 2009 : Negotiator emails seller’s realtor and asks for documents he says are “missing.”
November 9, 2009 : Seller’s realtor assures us that the foreclosure papers are a normal part of the short sale process.
November 11, 2009 : Appraiser comes out to do the BPO (Broker’s Price Opinion).
January 18, 2010 : Received papers in the mail from Bank of America’s attorneys, stating there will be a Sheriff’s Sale on February 3, 2010 at 10 am.
January 27, 2010 : Email from seller’s realtor: “I have been assigned to four different negotiators sine we began this and it seems one doesn’t know what the other has done. Since the second negotiator contacted us via e-mail and the BPO was done in November, we have attempted a total of 12 times (about once a week) to reach them and get more information, we have heard nothing. Every single time we call they tell us there are no updates and to wait for the negotiator to call. We contact the negotiator and never receive a call back or e-mail back. Then you get this notice about the sheriff’s sale and we called to get an explanation. They say that we have been assigned to yet another negotiator and to contact him. We did. We have left 2 voicemails and 2 e-mail messages without any reply. I called the attorney’s office and they say they can’t post pone anything without Bank of America’s approval. I called bank again and they say they can’t do anything unless I call 2 days before the sheriff sale to ask them to post pone. I asked if that was a guarantee and they said that our negotiator has to talk to us about that… except…negotiator won’t call!
February 3, 2010 : Sheriff’s sale was cancelled. Wahoo!
February 22, 2010 : Another letter from attorneys.
February 23, 2010 : Seller’s realtor’s explanation, “The letter is to inform you that Bank of America has cancelled and dismissed the foreclosure process in order to work out forbearance. Basically, it is good news! This means bank is considering the offer and has no intention to foreclose until we come to a final agreement. With this said, I still have no updates from the negotiator on a timeline or a signed final contract so I will just keep checking every week like I always do. It seems to work even if it is in the background and with no feedback.”
March 4, 2010 : Interest rate at 5% — decided to lock for 60 days.
March 4, 2010 : 9:00 PM, our realtor texts to tell us that the negotiator contacted seller’s realtor for more paperwork.