Special offer

Saving an FHA Short Sale Seller in Sacramento From Foreclosure

By
Real Estate Agent with Elizabeth Anne Weintraub, Broker DRE #00697006

Imagine the conversation I had last spring with a Sacramento short sale seller, trying to explain to him that his Tahoe Park listing had expired and there was a pending sale status noted in MLS, so I couldn't enter a new listing because of it. He had the home listed with another real estate agent as a short sale in Sacramento. Apparently, the seller had received an offer and the agent had moved the listing into pending status.

And that was the end of the story.

From last year.

The seller did not recall signing an offer, but I later discovered that he had -- it was through DocuSign, though, so I can understand how there might be no recollection. Next, click, next, click, done. My first step was to determine whether that existing offer had expired, like his previous listing agreement with his former agent. You can read more in my personal blog today about Dangers of Hiring Any Old Realtor for Sacramento Short Sales.

Posted by

elizabeth weintraub

 

 

Weintraub and Wallace Realtors

 

 

Elizabeth Weintraub reviews

 

 

 

Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of RE/MAX Gold. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

Comments(5)

Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Hiring just anyone that has a real estate license to do specialized things, like Short Sales, is asking for trouble if they don't have the skills and training to get it done.  Commercial, land deals, etc.  Expertise of all things real estate does not come with a license.  

Thankfully, the word is out about Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents being the best Short Sale Agent in the Sacramento area.

Sep 05, 2014 06:43 AM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

Hi Chris Ann: This was rather touch-and-go because it's hard to explain to a buyer that once we get the ATP, the short sale is solid and approved, it's just a matter of processing, and that processing can take HUD 8 to 12 weeks depending on which doofus, er, I mean, dedicated negotiator is handling it.

Sep 05, 2014 09:13 AM
James Dray
Fathom Realty - Bentonville, AR

Morning Elizabeth. I know there is a process and a lot of business being passed by because most agents are afraid of a short sale

Sep 05, 2014 08:22 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Elizabeth. It is so important for anyone that will need to do a short sale, to hire the right agent that knows what they are doing. You are the right choice.

Make it a great weekend!

Sep 05, 2014 08:57 PM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Elizabeth.  It doesn't cost any more to hire the best.

Sep 05, 2014 08:57 PM