For those potential home buyers who keep hearing about the short-sale negotiator, here is a copy of a contract that was required to be signed in order to make an offer on a short-sale listing: short-sale negotiator contract The contract attempts to justify why the...
Hat tip to shadash, who found a new short-sale listing that had two photos total, both the same:
For those who enjoy the comedy of short sales, here's a good one. I've had a Tierrasanta condo listed since October, 2009. The sellers paid $447,000 in March, 2007, and financed 100% (I wasn't their agent then). They've since broke up, and the hefty payment is too...
The agent first inputted this listing onto the MLS on October 29th, noting that the list date was 6/30/09 - why do you wait four months to get it on the MLS? It was immediately marked pending, then withdrawn all within a few minutes. A couple of weeks ago she changes...
Hat tip to clearfund for sending this along, from cnbc.com: Earlier this week a top executive at Bank of America told an REO conference in Dallas that the lender would be focusing more on short sales than ever before. At first hearing this, I assumed it was because of...
Hat tip to Blue Streak for sending this along - link here for full article, with excerpts here: June 10 (Bloomberg) -- Two Connecticut real estate agents found a way to profit in the U.S. housing bust: Buy low, sell fast. Their tactic was also illegal. Sergio Natera...
Have you noticed that the short sales laden with questionable tactics seem to be the ones that have the hardest time closing? Buyers are not tolerant of the unusual - they just want a clean shot at buying a house. Let's give it to them! P.S. The lender also...
We know it's the wild, wild west, and that short sales are tough to navigate because each listing agent determines their own rules. As a result, more trends are developing along the way:
If these sellers decided that they didn't want to wait the 48 hours he gave people to submit their offers, then all he had to do was call back the other contenders so they could participate. But instead, the agent blew off eveybody to make the quick deal, a common...
We've mentioned before the brazen attitude of the realtors who sandbag their short sales until approved or ready to close, and then input them on the MLS for all to see. Apparently it never occurs to them that they are displaying all the incriminating evidence, let...
