The games these banks are playing right now regarding short sales is driving me bananas! Now I'll be the first to tell you my experience is not long when dealing with these because I've done just about whatever I can to steer clear but every once in awhile I'll find myself in the middle of one. What I can say is this:
If an agent were to behave like some of these banks are, we'd have our licenses yanked so fast it would make your head spin. Bait and switch pricing...not responding to offers....shopping contracts. UNBELIEVABLE!
I remember when I first started real estate and having to learn all of the consumer protection laws and thinking to myself...ga, I can lose my license so many different ways! I remember starting my career and being super careful to remember all of the things I must do and say to keep out of trouble. Then I realized if I just treated people right then I could avoid all of that. I also remember thinking how twisted some people had to be because something bad had to have happened for there to be a law like that in the first place...and now I see banks doing those things all the time. It's a recipe for a really crappy time in our industry and all the while all I hear on tv is health care issues...our politicians and media seem oblivious to some crazy goings on right now...sigh!
Of course the only reason why banks have any say in the deal is because the seller promised to pay their loan back...ok...back to work!
Best Regards,
Your Naples Smart Girl!
;)
;)
In an ideal world, banks would be held to the same standard as any other seller and would feel the pinch when they don't comply with the terms of an offer (such as expiration, inspection contingencies, etc). In the real world, we know that is not going to happen. Sigh.