Bellevue WA – We received the following email a little while ago from another agent that does short sales.
It illustrates how the current short sale guidelines hurt the housing market and homeowners short selling their house.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
The following e-mail shows you why it is important that you have an experienced short sale agent help you.Here is the email:
“I have a short sale listing with a large national lender. I have been waiting for an answer since September. I finally received an answer last week in the form of a counter offer to the price.
The contract price was $315,000. The lender countered $345,000. I told the buyer to and see if he is willing to pay more. After doing so, he said he will stay at the original price of $315,000.
I said I will try my best to negotiate at that price. Before I could send the comps to the lender, they order an appraisal.
I feel that the property is worth more than $315k, but less than $345k. In the meanwhile, I put the house back on the market just to prove to the lender that at 345k there may be no bites. I was mistaken...Click HERE to continue reading.
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