I can,t believe it but I am going to close on my first short sale. This property has been under contract almost 3 months. It has taken this bank all that time to make a decision. If they had taken this much time to check out the buyer they made the loan to this probably would not be a short sale. I have 2 more properties under contract that are short sales and they are dragging along just like the first one. The main problem seems to be that the banks will not make counter offers to these offers. They just sit on the offer and think about it. The owners will pretty much go with the flow but the banks can't make a decision and by the time they do they have lost even more money.Is this the way this is happening all over or am I snake bite.

 
Posted by Perry Spencer on 08/21/2008 02:05 PM   Comments (2)  
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Golf and Real Estate in Sandestine Plus Dothan Alabama
07/15/2008
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Went to Destine, Florida last week but more specificly the golf and beach resort of Sandestine. It streches from the Gulf to Bay and has 4 golf courses, white sand beaches, and a village that reminded me of Universal in Orlando. I passed through… more
South Florida Realtor/Golfer Hits The River
06/30/2008
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Last week I took a break from Real Estate and Kayaked the Wakiva River north of Orlando. This was about a six hour paddle down river through some of the wildest looking jungle I ever saw. About half way down river the other groups that started out… more
Golf and South Florida Real Estate
06/19/2008
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I received a reply last week about short sales. This realtor thinks that when the short sale inventory declines the market will get better. The market will get better when these short sale properties become forclousers. Very few short sale offers… more
Real Estate Activity Way Up In Golf And Waterfront Communities
06/10/2008
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In the the Northern Palm Beach County area where I sell and list real estate, comprised of about 10 golf course developments of which 2 are waterfront and golf, the sales last month shot up to the best level in the last 6 months. I talked to the… more
The Summer Golf League And Real Estate
06/04/2008
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Our Summer golf league called The North Shore Golf League has now started. I belong to PGA Nationals team. During the summer we play against 12 other clubs in the Palm Beach County area and one in Hobe Sound which is in Martin County. These are… more
Golf In South Florida In The Summer
05/30/2008
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Ah, the pleasure of calling the club on Tuesday for a Wendesday mourning T-Time. Only in the summer time in South Florida is this possible. I was talking to a fellow golfer from Chicago in the pro shop, at PGA National where I belong and also live,… more
Great Deal in Nautica Isles at Coral Key!
05/28/2008
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Perry Spencer | Illustrated Properties | 561-301-2264 118 Old Jupiter Beach, Palm Beach Gardens, FL Great Deal in Nautica Isles at Coral Key! 3BR/2BA Single Family House offered at $335, 000 Year Built 2003 Sq Footage 3, 326 Bedrooms 3 Bathrooms 2… more
Affordable Single Family Home in Jupiter!
05/28/2008
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Perry Spencer | Illustrated Properties | 561-301-2264 603 N. Pennock Ln., Jupiter, FL Affordable Home in Jupiter! 4BR/2BA Single Family House offered at $169, 000 Year Built 1972 Sq Footage 1, 260 Bedrooms 4 Bathrooms 2 full, 0 partial Floors 1… more
4/3 in North Fork, Jupiter!
05/28/2008
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Perry Spencer | Illustrated Properties | 561-301-2264 145 E. North River Dr., Jupiter, FL Fantastic Value in North Fork! 4BR/3BA Single Family House offered at $475, 000 Year Built 1994 Sq Footage 2, 864 Bedrooms 4 Bathrooms 3 full, 0 partial… more
 

Perry Spencer

Palm Beach Gardens, FL

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