short sale: Should I tell my Realtor that my home is going into foreclosure?
- 03/18/10 03:31 PM
I received a call from my broker today, telling me that the bank now owns '123 Main Street', which I have had listed for sale for four months. What? How can that be? I spoke to the seller less than a week ago. We discussed pricing changes and possible dates for an open house. There was never any mention of the impending foreclosure, although the seller surely knew about it. From the seller's point of view, I can see how they might justify their nondisclosure: "But we were hoping we would get a contract before then." I can also understand the (6 comments)
short sale: Should I tell my Realtor that my home is going into foreclosure?
- 03/18/10 03:30 PM
I received a call from my broker today, telling me that the bank now owns '123 Main Street', which I have had listed for sale for four months. What? How can that be? I spoke to the seller less than a week ago. We discussed pricing changes and possible dates for an open house. There was never any mention of the impending foreclosure, although the seller surely knew about it. From the seller's point of view, I can see how they might justify their nondisclosure: "But we were hoping we would get a contract before then." I can also understand the (1 comments)