Today’s Update–

I have no update! Summersweet currently has 5 offers. One is withdrawing because she is opening escrow on another home nearby. The bank has not sent out an agent or appraiser to give them a value on the property. Tenants are still in the home and amazingly cooperative with all the showings.

I will post updates as I get them.

Today’s Update on Albacete–

I currently have 4 offers. One came in today as a back-up. The bank’s Loss Mitigator has submitted the file for approval and has forwarded the recommendation to the Closing Department. The file will still need to be reviewed by a 3rd party (outsourced) for review.

I heard from my negotiators today that the file is presently being reviewed with Fannie Mae and, we should have approval by 4/2/08.

We’re getting close!