The more short sales that we do....and the more we are educated about doing them....the more horror stories we hear about Realtors who were responsible for taking homeowners into foreclosure....or sometimes, short sale status, If the home would have been priced to sell...priced at what the comps showed the price should be....the seller may have made no or little profit...BUT they would not be in a short sale or foreclosure position. They listened to the seller, they whine....they "needed" they money...oh Pulllllleeez....if you were an experienced, make that ETHICAL realtor you would know....and maybe you DID know that the house would never ever appraise for that "Wishful thinking" price for which you listed the property.
It doesn't seem to matter what brokerage the agent is with...it can among the largest....or the smaller discount brokers.....it is apparently anyone who either doesn't bother to do a NET PROCEEDS SHEET...or doesn't care....OR doesn't know how to do a short sale.....OR just plain doesn't get it....unless you have a cash buyer who doesn't care about the value of the property and doesn't get an appraisal...there is ZERO opportunity for the house to be sold at the price the seller "needs."
REALTORS.....be HONEST....if you have not had significant education (not a mention at a sales meeting and been passed a form to fill out or glanced at an addendum your company may have prepared) DO NOT ATTEMPT A SHORT SALE OR YOU WILL HAVE WHAT SHOULD BE GUILT FOR TAKING A SELLER INTO FORECLOSURE. MANAGERS AND BROKERS....DO YOU HAVE ANY IDEA THE RISK THAT YOU PLACE SELLERS AT WHEN YOU ALLOW AGENTS TO LIST SHORT SALES OR PROPERTIES THAT BE SHORT SALES ??? IF YOU DON'T QUESTION YOUR LIABILITY....YOU SHOULD.....
SELLERS ...if you are behind on your mortgage payments...fear or have had recent job loss...illness, death, divorce....whatever hardship ....do not be embarrassed....be honest...call us and we weill refer you to a qualified short sale expert anywhere in the country. Call 877-525-0563 or e-mail: Experts@WeSellShortSales.com.
scare tactics?
Not at all...what is scary Wendy is that some realtors have no conscience about taking a lender into foreclosure because they don't know how to do a short sale....and that should scare you too...