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Short sale, condo

I am in California, the North Bay Area.

My home has been listed with no equity in a short sale, since September 15 or so.

The mortgage company had me sign a short sale agreement.

I got a realtor to list the condo before Rocket Mortgage said the short sale was okay, and she listed it at $275,000 based on her analysis.

Then, more than a month later, Rocket said it had to be listed at full price, $295,000.

We changed it for a month to that price and there are no buyers.

My realtor couldn’t get anyone knowledgeable to speak with her at Rocket, and she lowered it to $255,000, since she says the condo is blacklisted by Fannie and Freddie and we need a cash buyer, due to the condo HOA’s noncompliance with balcony rules.

I called to ask about other loss mitigation options yesterday.

The rep at Rocket said that the short sale was denied in October.

I have been calling them to let them know the status of the short sale since we started it, and no one said the “short sale was not approved.”

Does that mean the lender denied my hardship situation??

They told me it was approved, but I got nothing in writing to say so, other than signing a short sale agreement.

I think if the condo is unwarranted (but IS VA approved), the lender may not want to do a deed in lieu?

HOA dues and utilities are paid, no liens.

I also found out that Rocket isn’t paying the county property tax.

I have a partial or basic disabled veteran tax exemption, and would owe about $1,000 on Dec. 10.

I spent 2 hours on the phone with Rocket’s escrow and tax teams and they claim not to be able to fix it until past the tax deadline.

I got into the situation after having a lemon car and was basically stuck for 5 months in litigation over the car.

Do I need to pay the property taxes (July to October), if I can ultimately find a way to, since Rocket didn’t?

I think it won’t work to do a deed in lieu if taxes are owed on the condo.

submitted by /u/Enkenbach77
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source https://www.reddit.com/r/RealEstate/comments/1pfpded/short_sale_condo/
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