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Short Sale Banks Play Games

Reblogger Adam Kutchuk Murrieta
Real Estate Agent with Realty Works

I agree why, is it that with such a large investment we have to play petty games.

The short sale process is broken and is in need of a major tune up. I am with you, no more games lets get serious.

Adam Kutchuk
www.aShortSale.com

Original content by Sidney Kutchuk 01233850

Short Sale Banks love to Play Games with sellers in distress.
Banks playing games

I am working with a large bank trying to save my clients Temecula home from foreclosure via a short sale.
The banks negotiator is playing games with us,she has three times given me a verbal counter offer each time asking for a higher sales price. The buyer has agreed twice to go along only to now be told again quote"the file is under review" and guess what they now for the third time are asking for more money. This time they gave me a net price that must be met.They don't care were to extra funds come from (hint COMMISSIONS). Well the home was a good buy but now it's no bargain and the buyer is walking from this short sale.

Short Sales should not be a game for the banks to play.I take my job serious and so should the banks.I now have to go back to the bank and work thru their broken short sale process. I will save this home from foreclosure via a short sale it's just going to take longer than it should. Games banks play

 

Temecula Short Sale Agent, Cyber Sid at your service,

Sidney Kutchuk  AKA...Cyber Sid
      SHORT SALE AGENT    www.aShortSale.com
  
CALL ME, 951.215-6745 cell

 41720 Winchester Rd #I  Temecula Calif. 92590      951.676-4663    DRE# 01156692 

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Jason Feinman
Coldwell Banker Residential Brokerage - River Vale, NJ
Bergen County Real Estate Expert, ABR, CNE, e-PRO

I have my buyers avoid short sales - it is not worth risking my reputation by putting it in lousy banks' hands.

Sep 18, 2010 03:40 AM
Curt Baumgarth
Mesa, AZ
inactive

All to true Adam, and maybe its just me, but many times it seems to me like the bank isn't even looking out for the bank's best interest.  I feel like the negotiator is more interested in getting the file off their desk, regardless if it sells or falls through, and that its easier for them if it just falls through...  ugh.....

Sep 18, 2010 03:54 AM
Ed Macias
Real Estate Teammates - Miami, FL
Miami FL-REO Property Management Multifamily

Good post.I work referrals. If you are interested let me know.

Sep 18, 2010 03:55 AM
Brian Amster
Keller Williams Arizona Realty - Scottsdale, AZ

This issue only comes into play when you are dealing with a $12 an hour "negotiator" who actually has no power or authority.  Truthfully, my experience says that today, banks are expecting more than the property is really worth (hence 4 properties that didn't appraise in the last 3 months).  When we went back to the bank, they shaved my commission, and still wanted a "cash" contribution from my buyer, after the seller wouldn't do it.  Short Sales are no longer a "good deal" - not worth it! 

Sep 18, 2010 04:10 AM