I started working with short sales well over a year ago.  I have had some success at closing short sales - yes of course they have always cut my commission but if that is what it takes to get the deal done, I unfortunately have agreed.

I have two files that I started working September 2007 - I will not bore you with the details - but everything has been moving forward and just waiting on another BPO.  Today I am told that the properties are no longer being considered for a short sale. 

Has anybody else ever experienced anything similar to this?  I can not tell you the hours that I have put into these files.  If I was to close the deal with a 6% commission, I still would be under minimum wage on an hourly basis.

The lender is American Home Mortgage. 

I appreciate any feedback.

 

 

I thought you would be interested to know the average price of homes in Florida entered into Point2 Agent over the last 6 months.

In the last 90 days, the average price of listings entered in Florida was $357,178.

In the 3 months before that, the average price was $332,488.

FINALLY - LONG OVERDUE GOOD NEWS REGARDING REAL ESTATE 1. Florida is a great place to live and work. According to Enterprise Florida Inc., the Sunshine State has one of the nation's strongest tourism industries; it is fourth in the nation in high-tech jobs; is the third largest exporter of high-tech goods and services; and is ranked as one of the best states in the nation to be an entrepreneur. 2. Orlando-based economist Dr. Hank Fishkind recently said in several media reports he believes that “the worst of the so-called housing crisis has probably been mitigated by the actions of the Fed. Recovery will take a while, but it has begun.” Another economist, Dr. Lawrence Yun, chief economist with the National Association of Realtors, predicts that the Florida housing market will get stronger in 2008 and will be booming again by 2010. 3. And let’s not forget the things that brought people to Florida in the first place, and will continue to attract them – beautiful beaches, fabulous weather and a friendly business climate, with no state income tax. It’s no wonder that Florida’s combination of temperate climate, outstanding recreational amenities and economic opportunity has consistently put us at the top of Harris Poll’s “most desirable places to live” survey.

This is my first attempt to write something in a blog - please excuse my inexperience - not looking to create a bunch of junk