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Electric Bill Budget Plan and House Sale

February 21st, 2013 at 02:30 pm

We signed up for our electric company's budget plan.

It's not a true budget plan where we would pay the same amount per month, and catch up at the end of the year. We pay a rolling average of the previous 12 months billings. That will normalize our monthly payment quite a bit.

On our short sale, our bank appears to be dragging its feet again. We got word from our Realtor that the buyers will be walking if things aren't firmed up by this Friday. So, I called our contact with the bank, and got her assurance that this segment of the process should/may/might be finished by next Thursday, Feb. 28.

So, I emailed an appeal to our Realtor to forward to buyer's agent, asking for continued patience from the buyers/we're all frustrated with the process/trust me, no one wants this to happen more than we do.

During my call with the bank, I also found out that our point of contact person at the bank will be leaving the company very shortly, and our file will be transferred to another representative. As much as I dislike working with the bank, I have developed a certain rapport with this current representative. We seem to understand each other, and she seems to do her job well. She at least returns my calls and emails. So, the frustration continues.

2 Responses to “Electric Bill Budget Plan and House Sale”

  1. snafu Says:
    1361483401

    If your 'short sale' banks is a large chain, I wonder if it would be beneficial to meet with a mortgage loan officer in a local bank in your current location to see if they couldn't help 'smooth the way' to get this deal done. I believe there is now consumer 'ombudsman' whose job it is to facilitate these problems ad get the lagging bank to move forward.

    Would it be worthwhile to send a registered letter to the b

  2. Bob B. Says:
    1361540063

    Thanks for the suggestions, snafu. The bank is a smaller, regional chain. But yes, there are a couple outlets within 30 or so miles of where we live.

    The frustration isn't on our end as much as it is on the buyer's end. Or, at least that's what our agent is leading us to believe. We knew heading into this that most short sales take at least 3-6 months, and up to almost a year to complete. We also know that only 1 out of 3 short sales get approved. So, we think we're on track, as compared to the norm. It's just frustrating to actually go through it.

    The key here for us is to convince our buyers through communication with our agent ---> communication to their agent ---> communication to them that we are taking reasonable efforts to keep this process moving. Your suggestion to get an ombudsman involved is good.

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