I was shocked when I pulled up the stats in MLS this morning to look for Davis short sales. There are only two short sales in all of the Davis homes for sale. At any price.
I had a lengthy conversation with the second lender yesterday for a short sale in Davis. At one point, we had an offer but then Yolo Credit Union refused to cooperate with the short sale and instead insists on getting paid off, including all unpaid interest. But that doesn't mean we can't make it work with the second short sale lender, which is Chase Bank. We just need to reduce the amount paid to Chase Bank a little bit, and the best way to do that is to get a BPO. So, the bank ordered a BPO and the appraiser called to schedule an appointment.
In the middle of all of this, an agent sent a lowball offer. We expressed regret and thanked him. It's just the professional thing to do, and I work hard at retaining my professional reputation. I work with other professionals on my team as well. And I am extremely fortunate to work with an excellent agent who lives in Davis. Her name is Linda Swanson. She is also a real estate broker, like me, and not just a salesperson . . .
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