Semantics on Words for Showing Appointments?

First of all, I thought I understood what was going on (your post). But the more I thought of it, the more I'm confused.

So, this property is listed for sale. The agent replied back to say, "my client is buying it as a short sale and reselling as a regular sale to the public."

Is he representing the seller or buyer?

In a normal situation, I would imagine that this guy is trying to "flip".

So has the property sold?

See how I could get confused?

If it is too much and if there are no other inventory out there, I might just move on.

PS: I've had agents who would only respond via email. The phones are out-dated commodities of this business for people like you and me.

It just never seems to end.  I had one agent tell me her "investor" group was going after foreclosures to make them into short sales... and then be a "staw buyer" and flip to another buyer... and it WAS all legal!  Say what????

Woo Hoo, I am sure no lover of government interfering in our lives but when I hear things like, .................deleted while I re-compose my thoughts....................what are these people thinking? Outrageous beyond where sense and sensibilities have ever been before.

My first thought was flipping, but I may be wrong.  Why on earth won't they pick up the phone and explain themselves?  If you have a client who wants to see the property...it is a bank? I keep reading about REO officers not returning calls.

Do let us know if you find out anything!  The curiosity has been piqued!

Hi Sally - Unfortunately, what it may mean is that the agent has no idea what she is doing and may be getting her client into a big mess.  I hope I'm wrong!

Sally WOW I guess the house isn't for sale to anyone with that response.  Does this Realtor want to sell the house or not?

Aloha Sally,

This sounds to me like it's a flip "in-progress", I'd check to see who the actual owner is at this point. Also, I'd look to see who has the existing loan and if there are more than one. Depending on this situation, it's possible the so-called seller already negotiated with the existing lender.

As far as the agent's online responses, there are times when I can't even get some of these agents to return a call, period. And that one really gripes me too!

Sally - you have "FAR" more patience than I do....... (don't ya just wanna kill the other agent).  To me, the poor seller has no clue "how un-professional and un-communicative" their listing agent is - which is preventing the home truly selling.  As a buyer agent - I suggest your buyers to move on to more/different listings (if your area has a large selection).   I had buyers here this weekend too, and made them aware of the "waiting" game on any short sale listing - so we avoided them like the plague. 

Sally, I don't have a clue other then it's the most unprofessional thing I've heard of.  I stop and wonder every once in a while what's wrong with some people?

OH SALLY!  Hope you don't mind me linking my "flipper" post here but this is EXACTLY what I coined as the "flip flop".

Ask the agent to see where the bank agreed to this IN WRITING.  It is fraudulent if the bank does NOT agree to it in writing!  ALSO ~ Make sure Hawaii allows for "double escrows".  If they don't, this agent and "seller" (slash buyer) could be in trouble!

I have BNI at 6:30 to 9 and then I have an appointment at 9:30.  You can call me after 11 or 11:30 pacific time if you need clarification, k?

Sounds to me liek this agent doesn't have a clue and could be getting her/himself in trouble along with the client. Renee's point is right on. How can you have a short sale not contigent on lender approval?

But then I saw a listing where the agent referred to the listing as a short sale, then a pre-feoclosure, adn then an REO all within the confidential remarks.

Jeff

Sally – clearly only that agent knows what they mean by it … it smells like agent has an opportunity to double-triple end a transaction … and is likely not providing “fair” representation of the property.

I'm afraid you have my noodle cooked on this one Sally. There's no telling what he may be up to, could have borrowed the listing and now has a buyer. Could be representing buyer and seller and buyer plans to try and flip the property. Could just be yet another crazy listing agent.

Sally - At one time, we received a solicitation from an investor who proposed doing transactions just like this... We passed because it didn't pass the sniff test.   It sounds like they purchased subject to the existing mortgage and are negotiating with the lender and trying to sell it at the same time.  Sounds like a headache sale to me.