I have seen it on Active Rain...read it on Trulia...heard it apologized for in offices...."Oh well...I tried, but the sellers went into foreclosure." Oh golly gee whiz.....Is this the same agent who....
- Didn't do a net proceeds and ooops "forgot" to find out if the listing was upside down when he/she took it ?
- "Bought" the listing at the price the sellers want and not what the comps say...
- Is this a Limited Service agent and has no training/experience in short sales ?
- "Learned" short sales from the internet, the video, the sales meeting but never did one ?
- Months later is waiting for the lender to "return the call" while the foreclosure clock ticks...
Sellers...If you know that you owe money on both a mortgage and a second mortgage...a home equity line...the car loan that you don't look at as a lien but is secured by your home...If you have your home listed and no one is looking...no one is kicking the sidewalk....your neighbors are selling their homes and yours is not....
You have some hardship...the divorce that makes the payments unaffordable...the job loss that leaves no budget for payments...the illness that left you unable to work...Call an agent who has had short sale experience...
Agents - Every week we get calls from agents...co-brokes and from our own company about "how to do" a short sale...If you really, really want to know....take the classes...become a CDPE...get the education that will enable you to list and more importantly CLOSE A SHORT SALE...what is your liability as an agent when you are experimenting with other people's credit, their lives,their homes....Know what you don't know....or pay a much higher price.
Sally: Keep up the great work you are doing for your sellers. I bet you are going to be busy for many years to come straighting out those mortgage messes and mopping up all that debt for your listing clients...
Look out Mary...we are talking about a getaway to the north country...you could be on the list...we'll bring the bottle...take out the glasses !
I like the Realtor who just got his real estate license last week and is now advertising himself as a "short sale and foreclosure expert." Perhaps because he just went through an unsuccessful short sale but a successful foreclosure? LOL
Sounds right to me...at Keller Williams unless you have had short sale training...you don't do short sales...Hurray !