More often than not many people who are involved in a Short Sale can`t believe their home needs to be sold.

Some want to prolong the sale as long as possible,while others understand the reality it`s time to move on!

Our job as Realtors is to get the home sold.

Our job description requires us not to chase you down, beg or plead with you to sell,the sale price is determined by the lenders,not you or I!

We`re dealing with a client who has received 3 offers and refuses to sign off.

He`s indifferent to the offers, feels the offers should be higher and worse, i`m the second agent he`s pulled this crapola with.

Rather than continue to argue, we called him to discuss our future together.

 

The conversation is as follows;

 

Me: I`m at the point where it`s time we say goodbye. There`s no hope selling this home if you continue to refuse to sign the offers.

 

Short Sale Seller: The offers aren`t what I expected. I`m not into signing.

 

Me: The offers are intended for the lenders to review, not you! You`re caught between a rock and a hard place. Not much left to say.

 

Short Sale Seller: I still have a say here.

 

Me: Well that's not entirely true anymore. You`ve stopped sending the lender a mortgage payment each month. The responsibility of getting this home sold is really not yours.

 

Short Sale Seller: I want to stay in the home as long as i can. Your job is to prolong this!

 

There you have it. A seller who feels they can manipulate the lenders,Realtors,and buyer`s because they wish to remain in a home they`ve defaulted on months ago.

It takes all kinds in this world.Rather than argue, it`s easier to Terminate the listing agreement,than continue on..   

 
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6 Comments on Do you want to sell or play games? A Short Seller who knows the system...

This makes for a difficult issue, Scott.  The owner is your client, but there is some ethical responsibility to the lender as well since they are a party to the transaction.  Hmm...  is it possible that the lender can be informed of all offers, not just ones that the seller signs off on?  This might give the seller more motivation to cooperate.  Pardon my ignorance of the sellers side of the short sale process...

07/21/2008 05:12 AM by Steve Homer (The HBH Group (Keller Williams affiliate))


SH,

The seller who agrees to complete a Short Sale must adhere to accept offers in order to proceed with the process of the "Loss MitigationDept."...

it`s not easy for anyone to accept... 

07/21/2008 05:27 AM by Scott Daniels Florida Real Estate 2.0. Agents Earn 100% Commission. (Florida List For Less Realty, Inc. Broker/Owner. )


Scott,

You did the right thing.  They were just wasting your time.  At this point when they stated that your job was to prolong them being in the home you know they have no interest in selling.  I would terminate the listing and then let the buyers go get the foreclosure.  Maybe the bank will let you list the foreclosure since you know the home already. 

07/21/2008 05:59 AM by Larry Story Real Estate Greensboro, NC Triad (Coldwell Banker Triad of Greensboro)


Yeah they think that someone we are miracle workers and the lenders will just allow us to put off the impossible of allowing the sellers to stay forever without paying them a dime. I wonder what these people are thinking sometimes!

07/21/2008 06:24 AM by Jeannette Neerpat, e-Pro Coral Springs/Parkland Real Estate (London Realty Corp)


Scott...

The seller is not acting in good faith if they agreed to a negotiated short sale and then refuse to act. The aggrieved parties could sue, but hey, they're broke anyway so I guess you're all stuck.

07/21/2008 07:02 AM by Richard Weisser, Associate Broker, E-Pro ERA United Realty, Auctioneer, CE Author (Coweta Fayette Real Estate, Inc. ERA United Realty)


You certainly are making the right decision here to move on, this "Seller" isn't selling and you can't waste advertising dollars and money on something that isn't going to sell.

Todd Clark, Helping Families Home - www.IFoundYourNewHome.com

07/26/2008 10:55 PM by Todd Clark (Realtor), GRI (Washington Co, Beaverton Oregon) (Kastings & Associates, Beaverton Oregon Real Estate)


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Real Estate Agent: Scott Daniels Florida Real Estate 2.0. Agents Earn 100% Commission. (Florida List For Less Realty, Inc. Broker/Owner.  )
Scott Daniels Florida Real Estate 2.0. Agents Earn 100% Commission.
Cooper City, FL
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Florida List For Less Realty, Inc. Broker/Owner.

Office Phone: (954) 874-3600
Cell Phone: (954) 275-0200
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Florida List For Less Realty,Inc. visit our web site @ www.listfloridahomesforless.com

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