While short sales are not a huge part of buisiness we do have a couple of them listed. Both of them are currently under contract, but stuck in the negotiations (with the bank) phase. We have attorneys handling the negotiations for both since we don't want to waste our time doing the negotiations. It can be hours on hold to find out that they need another copy of a bank statement or no answer at all.
Both of these short sales are condos and have been on the market for more than a year each. Both have been under contract since the Spring.
Each week I check in with the attorney's offices asking for an update. Today, both attorneys had updates that were somewhat positive. I then called the agent representing the buyer for each to give them an update.
One of those agents came up with the title for this post, I wish I was that creative.
So we're still plugging away to get these two listings sold. Hopefully the buyers will remain patient enough to get to the closing table.
How about we just call these "Short Sales" what they are? RIDICULOUSLY LONG SALES! There is NOTHING short about them!
Comments (14)Subscribe to CommentsComment