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Loyalty and Trust...One Seller Story of trust and loyalty and how she lost her house during the Short Sale process!
I was told this story by a fellow frustrated agent. Ironically....the seller was my client before  being switched to her by our mutual Short Sale Attorney....this is a sad story of a seller trusting and being loyal to her attorney.
I received a call from a Attorney  who specialized in negotiating Short Sales to list a Short Sale from a referral. Listed it, received two contracts that went no where with the bank.....this was two years ago. Received another call from the Attorney saying the seller was not happy.....so instead of firing themselves (they were the ones negotiating with bank), they fired me and assigned the listing to another agent who became a friend of mine as the transaction progressed.
By this time, the new agent was able to list the property at a much reduced price and received a offer $50,000 under the listed price...she submitted it with an addendum that reads, if another offer comes in higher than the current offer, the highest offer would be presented. Knowing that the bank would eventually reject the two low offer, the listing agent submits the higher offer, but found she could only submit to attorney, not seller.....because the attorney informed her ... more

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