Buyers want a deal, so they go looking for a short sale or bank owned and then they get their pockets picked. The banks are thinking up every way that they can extort money from the buyers.
1) "AS IS" Buyers are responsable for anything that is wrong with the house.$$$$
2) Pay $$$ on the second mortgage that the seller isn't able to pay because the banks won't release it. $$$$
3) Pick up any closing close the bank doesn't want to pay $$$$
4) Pay off the debt to HOA if there is one and most transfer fees for the sellers side. $$$$
5) Now put more down, have better credit and bend over while ?????
I have always enjoyed working with buyers, finding them their dream home, working though all the ups and downs of the transaction, teaching them how things get done and feeling good because I helped them. I didn't enjoy the last 2 short sales because the buyers ended up with so many extra costs that had nothing to do with our side of the transaction but they wanted the house.
Today I am looking for listings to do because I feel so bad for what the buyers are having to go though. They didn't get the banks or the sellers into this mess but they are paying the price. IT ISN'T fair. I know life isn't fair.
There I'm done whining.
Comments(4)