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Percy N.
  • Developer
  • Philadelphia, PA
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HUD & Sage Acquisitions Processing Times

Percy N.
  • Developer
  • Philadelphia, PA
Posted Jul 25 2016, 18:25

Has anyone been experiencing unresponsiveness from Sage Acquisitions while trying to close on a HUD property? Sage is the new management company HUD is using in the Philadelphia area.

Our offer was accepted almost 60 days ago and for the past 3 weeks we have been trying to pay them to take possession of the property. Title company submitted HUD-1 for approval to them on 7/5/16 - no response. We got close to the contract closing date so sent them an extension request (did not have to pay to extend, but sent PoF) and they obliged. The following week we tried to close again - but no response yet again. We are on our 3rd attempt to close.

Listing agent says he cannot help (I guess some agents just want a comission for entering data into MLS). Any suggestions? Thinking about making a personal visit to their offices.

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