WHAT IF there was a simple fix to the short sale fiasco? What am I missing?

Reblogger
Real Estate Agent

This is such a great article, I have re-blogged it.  Thanks!

Original content by Amy Jones Group DRE# SA528757000

short sale questionsI've been thinking...  could there be an easy fix to the short sale industry mess?

What if sellers were required to have an approval from their lender PRIOR to listing their home for "short sale"? 

What if the lender ordered the BPO establishing the sales price that the lender would accept PRIOR to the seller listing the home? 

What if the lender issued a letter indicating the sale was approved and that the lender would accept $xxx for the sale PRIOR to listing the home?

What if a real estate agent could not list a home without the short sale approval letter in hand?

What if a buyer knew exactly what a lender would accept for a sales price?

What if buyers and sellers were no longer wasting their time on a short sale that will never close at the price listed in the MLS?

What if real estate agents could go back to actually marketing homes with reasonable response times to move the inventory?

Could it be this simple? Just wonderin.

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Amy_Jones_RealtorAmy Jones, REALTOR, ABR, CNE, EPro, CDPE
Direct~480-250-3857
Chandler, Sun Lakes, Gilbert, Tempe & Ahwatukee Real Estate
Phoenix Business Journal "Top 50 Real Estate Agent"
 
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4921 S. Alma School Rd
Chandler, Arizona 85248

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Comments (2)

Katharine Hilliard
Liberty Title - Birmingham, MI

What if the short sale lender does not want to facilitate the sale because they need to show a certain amount of assets on their books.  Hmm.  No - I'm sure that couldn't be it.

Kat :)

Feb 10, 2010 12:28 AM
Amy Jones Group
South East Valley - www.AmyJonesGroup.com - Chandler, AZ
4 Time BEST OF OUR VALLEY Winner

Thanks for the REBlog, Nancy!  I think we all need to get our thoughts on this mess out there!  Maybe we CAN make a difference?

Feb 14, 2010 03:01 PM