
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..
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...