Home Buying in Akron>Question Details

Cindy, Home Buyer in Cuyahoga Falls, OH

short sale....DOES ANYBODY HAVE ANY KNOWLEDGE ON WORKING WITH DEUTSCHE BANK???????

Asked by Cindy, Cuyahoga Falls, OH Tue Jun 10, 2008

HAS ANYBODY HAD ANY DEALINGS WITH THIS BANK ON A SHORT SALE??????

Help the community by answering this question:

Answers

8
Hi Cindy, although your question.. was asked in 2008,

Peter below me here just answered it and brought it back to life!

What ever happened! Did you get it? Build new? what did you do?
0 votes Thank Flag Link Wed Jan 13, 2010
I've had good luck working with Deutsche Bank. They've been extremely responsive. I've written in detail about my experience there at http://shortsaleblues.blogspot.com
0 votes Thank Flag Link Wed Jan 13, 2010
GENE.......EVEN WITH A REALTOR IT HAS BEEN SINCE MARCH AND STILL NO ANSWER. I THINK THIS BANK MUST LIKE TO DO FORECLOSURES.

I'VE HAD THE SAME PROBLEMS AS NANCY........WHERE THEY SIT ON YOUR OFFER UNTIL THEY GET A BETTER ONE. AND THEY WANT MORE THAN WHAT THE HOUSE IS LISTED FOR.

THERE IS ALSO THAT BANK IN TEXAS.
0 votes Thank Flag Link Fri Jun 20, 2008
NANCY........I AM IN THE SAME BOAT AS YOU. UNFORTUNATELY EVERY HOUSE I LIKE DEUTSCHE OWNS OR IS BRINGING A FORECLOSURE AGAINST. GRRRRRRRRRRRR.
I AM NOT AN INVESTOR EITHER. JUST FELL IN LOVE WITH THE HOUSE. I AM STARTING TO THINK ABOUT BUILDING ALSO, BUT I DON;'T KNOW HOW MUCH ALL THE FEES WOULD BE TO HOOK UP ALL THE UTILITIES. THAT PART SCARES ME.
0 votes Thank Flag Link Fri Jun 20, 2008
I'm also waiting to hear from DB. All of the leg work's been done on this house already, but I'll be honest, I'm about done with dealing with agents, banks and short sales. It's quite the dishonest racket.
I just want to buy a house - I'm not an investor. Tell me how much you want for the house. If I think I can swing it, I'll negotiate with you, otherwise I'll move on. Only now, agents are listing houses here in FL for much less than they know the bank will accept. This is my third and last short sale. I offered on the first and sat and waited for nothing. The agent was collecting bids like acorns. We approached the next but he was honest and said that they'd want to go to closing before my fha loan could be processed to avoid foreclosure. Apparently they spent a lot of time collecting offers but everyone backed out because of the lack of communication from the bank. Hah! I hope they go through foreclosure on that house.
I've been in conversation with builders for a new home. If this short sale offer isn't accepted, they can sit and spin on the wind vane! I'll buy a new house.
It's a cryin' shame. A buyer's market? I don't think so. It's an investor's market.
I just want to buy a home for my family.
0 votes Thank Flag Link Fri Jun 20, 2008
WELL YOU ARE MAKING ALOT OF ASSUMPTIONS.........JOHN.

AND WHY SHOULD THEY.........THAT IS THE DEFINITION OF A SHORT SALE. IF THEY DON'T WANT TO DO IT THEY CAN PAY ALL THE MONEY TO GO THRU THE FORECLOSURE AND KEEP THEIR MONEY TIED UP EVEN ALOT LONGER.
0 votes Thank Flag Link Wed Jun 11, 2008
yes and yes. I know it sounds horrible, but keep in mind that someone did borrow that money and now they are not paying it back, and you are asking the bank to give you money for no reason. The mortgage clearly reads "if you pay you stay, if you dont you wont," so for someone to get angry because the bank will not give them a break on the price or give up a bunch of money for someone to get a good deal, is a bit on the nervy side.

that particualr bank is VERY large and is probably processing 1000's of short sales at any given time. If your short sale packet was incomplete in ANY way, missing any documentation at all, it was probably sent to the shredder weeks ago - or al leastleft on the bottom of the pile and may someday get looked at, but why would they look at an incomplete file and "help" someone take money from them when they can simply look at the complete files that were handed in by experienced short sale negotiators?

Good luck!
0 votes Thank Flag Link Tue Jun 10, 2008
are they super hard to work with? did they make you wait over 2 months for an answer on your deal?
do they always want top dollar?
thanks
0 votes Thank Flag Link Tue Jun 10, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Home > Ohio > Summit County > Akron > Home Buying in Akron > Question
Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer