I'm a realtor with Re/Max Gold Coast and I was working for my client to get a short sale on his home and stop it from going to foreclosure, Wells Fargo Bank was the lender. We had two offers on the property and the bank turned them down. AND every day since 11/4 the bank has told me to call back and check the status of the short sale, they even told me last night to call back in the morning and check. At 7:00 am the bank said, no, the foreclosure could NOT be stopped. Now, there were two offers, one of the offers was from a woman, and she went down to the court house in Ventura this morning and bought the house on the court house steps! Her offer to the bank, (which they turned down) was $550,000 all cash. She bought the house at the court house in Ventura CA for $450,000 all cash. She paid $100,000 less than she was going to pay Wells Fargo. She got a deal, the homeowner got a foreclosure! Something is really wrong here!!!
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