short sale negotiations: The absurdity of short sale negotiations...
- 05/11/10 02:39 AM
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
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short sale negotiations: Sellers, do you know who is negotiating your short sale???
- 03/17/10 04:36 PM
Janna Rankin Scharf, GRI, CLHMS, CSP - Coeur d'ALene Idaho Real Estate Currently, I am representing some buyers who are hoping to purchase a short sale property. The listing agent, a great guy and very busy listing agent, is using the title company to handle the short sale process and negotiations. The sellers have given authorization to the escrow officer, not the listing agent. The listing agent passed off the purchase contract to the title company. The title company was assigned to work with the seller to acquire and handle all the short sale paperwork and submit the packet. Then follow up, negotiate and take care of everything. The
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