We need to do something about short sale buyers who flake for no good reason.....
We need to do something about short sale buyers who flake for no good reason.....
How many times have you finally heard the angel choir singing when you finally get that written approval from the bank, only to find out after all this time that the buyers have changed their mind for no good reason?
I personally think that there should be something in addition to the short sale addendum that penalizes the buyer for walking without a good reason.
We really need to do something to stop the behavior from buyers that a short sale is a "disposable" transaction. It really bothers me, even in general, when buyers think that they are above the legalities of a real estate transaction.
And especially in the case of a short sale, this kind of fickle behavior is putting the seller, who has gone through the mill with submitting everything that the banks required, to having their home foreclosed upon when they were following all the guidelines for the short sale.
What are your thoughts?
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