My property is in the foreclosure process. I applied to have it approved for short sale. I secured a cash buyer and submitted all the paperwork/documentation that the bank requested/required. The bank issued an approval letter. However when the final HUD-1 was prepared the net proceeds differed from the net proceeds on the estimated HUD-1 this was due to some unpaid taxes that were discovered during the deed preparation/title search work. Closing was to occur on 12/21 because the buyer is a college and that was the last day they were in session until after the new year due to mid-semester break. The loss mitigation analyst would not allow the closing to occur. On 12/29 the loss mitigation analyst issued a letter that stated if the taxes were paid she would approve closing. On 12/30 (one day later) I paid the delinquent taxes. We wanted closing to occur in January as soon as the college administration returned. A new HUD had to be prepared because the original was only good through 12/31 with the new year there were additional fees/costs. On 12/19 the loss mitigation analyst sent a letter that said if the net proceeds equaled the net proceeds on the estimated HUD-1 we could proceed to closing on 12/20 we had the proceeds on the HUD-1 equalling the estimated HUD-1 proceeds. However, she will still not permit the property to close. I feel that she had no intention of permitting this property to close on 1/19 when she issued that letter. The buyer, Realtors and I have all done everything necessary to meet all of the original plus all subsequent demands of the bank yet the bank continues to fail to upold their end. I feel the buyer, realtors and I have continued to me mislead by the bank and the loss mitiagation analyst misrepresented the banks intentions from the beginning
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