I have been trying to negotiate a "short sale" with the 2 companies holding mortgages on my house. After 6 months, American Home Mortgage (which is in bankruptcy and seems to have virtually no employees. Takes up to 40 minutes on hold to speak with anyone) agreed to take a loss.
However, the second mortgage was held by Saxon Mortgage, and they will not respond to faxes, letters from my lawyer, emails or telephone calls. "Anthony" has been "away from his desk" since May, so the potential buyers have withdrawn their offer and the house will probably go to foreclosure.
Anybody who says "work out something with your bank" ought to know that the "banks" are paralyzed. Good luck!
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