I think I may have the record. I have a short sale that I have been working on since October of 2008...Yes, over 15 months ago. I listed this property in Lighthouse Point Florida, and waited for the first contract so we can determine a price the bank would take. Over six contracts later, we are out of luck with the sale. In July, the investor had indicatted a price he would take and we endend up with that price with buyer number 3.....now they are wanting 25k MORE from the seller in order to get the deal through. Has anyone else had this problem? I would like to know if it is common for the banks to up the price they would take...or request more from the seller, or do I have just got a weird property? Ruth
iTexas Realty Co. - San Antonio, TX
GOOD GOD!!! We must all be crazy! Why are Buyers, Sellers and Agents held slaves to the incompetents who are getting the huge bonuses to cause this? I think I'd rather sell vaccuums door-to-door than deal with these idiots!
What would happen if we all stopped writing offers for 90 days? Ooops- forgot---they'd still get paid every month, and still expect another bonus! ...and Buyers and Sellers would still be without a sale. -Steve
Jan 24, 2010 11:11 AM
Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com - Austin, TX
Realtor,Mediator,Ombudsman,Property Tax Arbitrator
I've heard of that happening when a deal doesn't close and now another month of taxes, interest, HOA dues, etc are adding up... but not when it's 15 months later!
Jan 24, 2010 01:17 PM
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