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7 Comments on Are You Accepting Short Sale Referrals Like This? Maybe You Shouldn't
The word no can be very empowering in business and in life. Understanding your niche definitely brings clarity to a question such as this.
James- I am noticing that many local agents are taking these listings as they are not aware of the potential for fraud.
Teresa I hope everyone is reading this! Good information...
We would turn it down as well -- some things are not worth taking.
David- Thanks for your comment. On the surface it sounds great, but in reality...not so wonderful.
Bob and Carolin- I've been watching a few local agents participate in this sort of thing and frankly, I can't participate in a deal where a third party puts my seller and my buyer together, sets the price and then lays it out for my license and E&O to handle. Have they not heard of the "Affidavit of Arm's Length Transaction" all parties must sign?
Not worth the time and hassle. But then again some people would jump at the chance to do the deal.
I have not seen anything of the sort - but we are not seeing investors buying - I would certainly have a ton of questions - "Arms Length" and I certainly would not want to participate in dual agency (although allowed in Oregon) on a short sale..... If is smells bad it usually is not worth putting in your mouth - because when it hits your stomach you will regret it same goes in Real Estate - if it smells bad - better to trust your gut to a better meal.