Active Rain
-
Quick Tour
Connect. Share. Learn.Welcome to ActiveRain, the #1 social community for real estate professionals.- Explore the world's largest storehouse of real estate knowledge
- Access free training on ActiveRain University
- Share the experience of life in the real estate industry
- Grow your business through real estate blogging
- Blogs
-
Resources
Product Reviews Curious as to what others in your profession think about a certain product or tool? AR's community takes the time to leave honest and transparent reviews of their experiences so you can be a bit wiser about your purchase.
- Broken down by categories and subcategories for easy finds
- Get an unfiltered look at what real users are saying
- Leave a review yourself for others to benefit from
- Add new products as you use them and gain points for doing so
;)
;)
;)
Find MO real estate agents and Springfield real estate on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2013 ActiveRain Corp. All Rights Reserved
15 Comments on Are Short Sales The Only Thing You Sell | Springfield Mo Real Estate
Hi Kay. The foreclosure clock is ticking when no payments are made.
Kay, Hopefully they come to their senses quickly. Some years ago we had sellers who were behind and didn't tell us. Fortunately plenty of equity, and we wondered why they didn't counter when that first offer came in. We found out when we called to get pay-offs. Fortunately more than enough equity that everything worked out and closing wasn't a problem.
Kay, I hope they see the wisdom in your words. They will be even further underwater if they wait too long. I think most folks these days are happy they can do a short sale but some are "old-fashioned" and don't see the writing on the wall.
Kay I've been involved in two similar situations, In both cases when my offer was submitted the sellers told their agent they would rather go to foreclosure and took the home off the market
Kay, they are going to be devastated when they are thrown out because the home no longer belongs to them!
Kay, some sellers still think they can make money even when they are underwater. My last 2 listings were short sales that the sellers hadn't been approached by the previous agents. They were told to sell the house and pay the difference, with commissions, even if it meant to cash in their retirement accounts.
Conrad, I wish them the best of luck. Hope I don't get a call too late.
Liz and Bill, it's been several weeks and I found out they listed with another agent.
Toni, I feel I made the sellers angry, approaching them about a short sale, but the writing is on the wall. They are very behind, without a way to bring the loan current.
Thanks John, Father's Day is next. We live for holidays! LOL!
Karen, I don't understand the reasoning behind some of these people. I'd rather save my credit if I was in their shoes.
Terri, I'm sure the sellers aren't prepared for that. I just hope it doesn't happen.
Ed, I've seen that too. Some agents haven't been educated on short sales.
Kay it sounds like the seller is in denial. If have run across this a few times. Good luck!