Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

The absurdity of short sale negotiations...
Janna Rankin Scharf, GRI, CLHMS, SFR - Coeur d'Alene Idaho Homes For SaleShort Sale and Foreclosure Resource Specialist
The absurdity of short sale negotiations... 
One thing is for certain, my job is never boring.  I have been working with a seller client for nearly a year in an attempt to sell an investment property.  It is worth much less than he paid for it a few years ago and he is upside down on his mortgage.  Because it is an investment property, he doesn't qualify for a loan modification.  He can't lease it for enough to cover his payments.  He can't afford to cover the payments.  He's stuck.
We started out last June listing the home at $169,000.  As time went by with practically no activity, we lowered the price incrementally, and finally to $155,000 the day before Thanksgiving, at which point we got an offer of $145,000.  Along the way we picked up one other contingent offer of $125,000.
As I sat about submitting the short sale packet to First Horizons last January 2, it took me until the end of February to successfully get the offer acknowledged by them!  Although everything was submitted complete on January 2nd via their ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention