Complaint Review: Aurora Loan Services - Littleton Colorado

Hi Dave, More facts about my case. Before Aurora Loan Services purchased the property I am currently living in, we were negotiating with the bank who previously owned it for a short-sale. The previous bank was open for it but all negotiations were put on hold after Aurora purchased it. Aurora moved to foreclosed the home. Even after Aurora rejected our offer of $360K (last comparable home in the same block sold at $355K), we sent in another offer for $380K + $10K down ($30K over the median price of comparable homes in our area). Aurora refused to let us know how much they want for it. Isn't unusual that back in March, all Aurora need to do is outrightly reject the offer but we were told to hold off because they just acquired the property. We were calling weekly, then daily for any reply and were told by Aurora Reps they're reviewing the offer. Aurora real estate agent told us that the offer seems reasonable and that she mentioned that it will be more costly for the bank to list the property, risk trespassing and vandalism, etc. I wasted precious time thinking that everything is well. Here in California, it's taking 60-90 days from open to close of escrow. I have a friend with a stable income as a Scientist and a husband in the military, who opened escrow in March and still have not closed.

Hi Dave, More facts about my case. Before Aurora Loan Services purchased the property I am currently living in, we were negotiating with the bank who previously owned it for a short-sale. The previous bank was open for it but all negotiations were put on hold after Aurora purchased it. Aurora moved to foreclosed the home. Even after Aurora rejected our offer of $360K (last comparable home in the same block sold at $355K), we sent in another offer for $380K + $10K down ($30K over the median price of comparable homes in our area). Aurora refused to let us know how much they want for it. Isn't unusual that back in March, all Aurora need to do is outrightly reject the offer but we were told to hold off because they just acquired the property. We were calling weekly, then daily for any reply and were told by Aurora Reps they're reviewing the offer. Aurora real estate agent told us that the offer seems reasonable and that she mentioned that it will be more costly for the bank to list the property, risk trespassing and vandalism, etc. I wasted precious time thinking that everything is well. Here in California, it's taking 60-90 days from open to close of escrow. I have a friend with a stable income as a Scientist and a husband in the military, who opened escrow in March and still have not closed.

Hi Dave, More facts about my case. Before Aurora Loan Services purchased the property I am currently living in, we were negotiating with the bank who previously owned it for a short-sale. The previous bank was open for it but all negotiations were put on hold after Aurora purchased it. Aurora moved to foreclosed the home. Even after Aurora rejected our offer of $360K (last comparable home in the same block sold at $355K), we sent in another offer for $380K + $10K down ($30K over the median price of comparable homes in our area). Aurora refused to let us know how much they want for it. Isn't unusual that back in March, all Aurora need to do is outrightly reject the offer but we were told to hold off because they just acquired the property. We were calling weekly, then daily for any reply and were told by Aurora Reps they're reviewing the offer. Aurora real estate agent told us that the offer seems reasonable and that she mentioned that it will be more costly for the bank to list the property, risk trespassing and vandalism, etc. I wasted precious time thinking that everything is well. Here in California, it's taking 60-90 days from open to close of escrow. I have a friend with a stable income as a Scientist and a husband in the military, who opened escrow in March and still have not closed.

Hi Dave, More facts about my case. Before Aurora Loan Services purchased the property I am currently living in, we were negotiating with the bank who previously owned it for a short-sale. The previous bank was open for it but all negotiations were put on hold after Aurora purchased it. Aurora moved to foreclosed the home. Even after Aurora rejected our offer of $360K (last comparable home in the same block sold at $355K), we sent in another offer for $380K + $10K down ($30K over the median price of comparable homes in our area). Aurora refused to let us know how much they want for it. Isn't unusual that back in March, all Aurora need to do is outrightly reject the offer but we were told to hold off because they just acquired the property. We were calling weekly, then daily for any reply and were told by Aurora Reps they're reviewing the offer. Aurora real estate agent told us that the offer seems reasonable and that she mentioned that it will be more costly for the bank to list the property, risk trespassing and vandalism, etc. I wasted precious time thinking that everything is well. Here in California, it's taking 60-90 days from open to close of escrow. I have a friend with a stable income as a Scientist and a husband in the military, who opened escrow in March and still have not closed.

If I understand correctly, the property you live in went into foreclosure and was purchased by a company. You thought you would ask to by it, got pre-qualified and then made an offer to purchase the property and the owners haven't replied. The question is why do they have to reply? Just because you express interest in purchasing a property doesn't mean the owner has to respond. If the owners put it on the market and you have a signed Agreement of sale then that would be something different. Once you were pre-qualified for a mortgage you should have been activily looking for a property that was within your budget and not wait so long to see if the owners of your current building were going to respond. With a pre-qualification it could have been possible to close on a home in 45 days.