Here we go again!
Submitted all docs for the short-sales offer we got to the bank. ALL. The bank said docs were missing. I faxed them again. So did my Realtor last week. The Realtor then called yesterday to confirm all was received. They said yes. Then the bank just called me today saying my financial workout sheet is missing. I challenged her on this and she made me wait while she looked into it. Then she said they received the worksheet as a fax but it was off centered so something may be cut off. I told her to look again so after several more minutes waiting she said it was all there and she couldn't see any reason why the reviewers said it was missing. As of 10 minutes ago it's back in review. For no reason of course. Because she confirmed (two people have confirmed in two days) that the docs are there but the reviewers are saying they aren't.
So this is how it will go based on the last time: It will take several days or weeks while they "review" the docs. Then, since so much time will pass, they'll say they need the most recent pay stubs and/or bank statements. I will submit those... and they'll have to review that they received the new docs. Then they'll say they didn't receive them again, and I will say they did, check again, and they'll keep sending it back to be reviewed. Then more time will pass and they will need the newer pay stubs/ statements again. Rinse, repeat. For months.
Btw, this is the second go-around on the docs on this offer. The offer was submitted a month ago! And the only thing holding up even getting assigned a negotiator is the damn document game they are playing.
I do modifications for a specialized group, I handle all of our highly escalated files. I can promise you from experience that when you get a letter saying something is missing 9 times out of 10 it is either illegible, filled out incorrectly or not signed. I cannot tell you how many 4506T forms I have had to get redone. I will sit on the phone and walk someone through it 2 times and they will still send it in wrong. I begin to wonder sometimes if it is the person doing it on purpose to try and delay the inevitable.
Sidenote: My fav are the borrowers applying for a loan mod who have stopped paying their mortgage but their $4000 Macy's card payments are getting made LMAO