I concur on the BAD FAITH NEGOTIATING from WaMu.
We're at Day 311. (see link below)
I think WaMu's intransigence has something to do with JP Morgan Chase not wanting to accept any writedowns until management gets their bonuses.
We all know the WaMu loan portfolio is hollow. But until WaMu sells the properties, JP Morgan Chase apparently doesn't actually book the loss. No sale, no lose = profits = management bonuses!
Sign me up.
I say, AVOID WAMU Loans.