I made an offer on a home (short sale) held by MetLife. I offered the full list price, the seller accepted, and their realtor submitted to MetLife. What can I do to expedite the bank approving the offer?
Unfortunately METLIFE is not the friendliest lien holder to deal with. I have a listing with them and they declined the first offer after 4 months of nothing because the house was vacant. My seller lost her 4 year old son and then lost her job. She had no choice but relocate to move in with her parents who lived out of state. I submitted the explanation of why she had to vacate. They still declined the offer. Now we resubmitted with buyer #2 and $20,000 less than the previous offer. I'm now waiting to see what happens. You just have to stay ontop of them to even get the file moved forward. Good Luck and be patient.
MetLife is probably the worst of the worse in terms of short sales. Hopefully the property you contracted on won't fall into this same predicament or category. But, the only thing you can do is stay on top of your Realtor who will stay on top of the seller's Realtor who will stay on top of MetLife. Good luck!
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