Comments (24)

Quakertown, PA
e-PRO, Realtor - Bucks County PA - 610-952-3578

interesting article on short sales .  I enjoyed reading it!

Don Bradbury

Oct 09, 2007 07:11 AM
Scott Berry
Sand Castle Realty Group, Inc. - Naples, FL

Short Sales Are an Awful Lot of Work...Usually for Less Money.  However, the best thing I have seen from short sales so far is the genuine feeling you get from really helping a homeowner out of a really bad situation.  We have done several of theses so far (and expect them to increase), and as frustrating as they can be, if done properly you really are helping someone save their credit, and holding their hand through a situation in which they thought nobody could help.

Oct 18, 2007 02:24 AM

I agree with that you do get involved with the clients. In the future hopefully, when the client is in better fianancial situation they will remember us and also when they have a referral our names will come up. 



Oct 19, 2007 05:09 AM
Wendy Smith
Wendy Smith Real Estate - Clearwater, FL
Real Estate Advisor
I have found that the clients I have saved from foreclosure always remember me when their co-workers or friends etc have real estate needs - even those NOT in forelcosure.
Oct 20, 2007 08:44 AM
Find a Notary Public needAnotary
QEC Internet Services - Long Beach, CA
It requires a pound of patience, a bag of organization and 3 cups of negotiating skills
Oct 29, 2007 03:38 AM
also a sense of humor
Oct 29, 2007 03:44 AM
#10, LLC, LLC - Tampa, FL
Beware of the Flood of Short Sales coming into the market. The short sale is the new exit strategy and will defintely increase in volume for the foreseable future.
Nov 14, 2007 11:38 AM
The  flood gates have open. Not a pretty pictgure.
Nov 14, 2007 11:49 AM
Trent Chapman
Keller Williams -New Future Team - San Marcos, CA
#1 - Change your expectations and they aren't so bad.  If you are comparing it to a standard transactions, you will be frustrated annoyed and pissed off after a few months.
Nov 19, 2007 03:36 PM
Max de Vries
Intero Real Estate Services - Livermore, CA
i have done a few of them this year and the key is that everyone has to be patient. Keep that in mind and you will do just fine
Nov 30, 2007 01:56 PM
Terry Osburn
BHHS|Drysdale Properties - Pleasant Hill, CA
Broker Associate

Short Sales are definitely abounding in our area....The key is to make sure your buyer understands this is NOT a short process. At least 45 days and in some cases much longer to get the lenders to cooperate and sign off in agreement.

So far the ratio of those actually closing is low but is expected to go for the better due to the enormous amount of homes facing foreclosure and since the banks are loosening up and rethinking their strategy.

Nov 30, 2007 03:16 PM
We are finding here in AZ that the banks are not ready yet to re-evaluate there plan.  Now ,we are finding that they are clogging the market. Buyers get tired of waiting and move on. Also know ,that the banks can change the commission on the agent right up until the sale is recorded.
Dec 01, 2007 01:43 AM
Ange Fries GRI,ABR, E-Pro,
I have a listing right now, in Sun City Az.  We just dropped it down to $175,000, corner lot , with a pool. Close to this years Super Bowl. Older home.  It is going to be bank owner by the end of the year.  Any one have any buyers. 
Dec 01, 2007 01:50 AM
The Keutla Team
Keller Williams - Auburn, WA

Hey Ange,

Hang in there!!  Short sales can be more difficult than a conventional sale, but thats half the fun!  Me and my team specialize in short sales, and close on average about 3 SS a Month.  We treat it like a learning process and learn something new every time.  You really have to enjoy the process.  I guess it is what you make it.....


The Keutla Team


Dec 04, 2007 04:38 AM
Ange Fries GRI, ABR, E-Pro
This whole business is a learning process with every transaction I learn something new.  It is what you make of it.
Dec 04, 2007 05:40 AM
Josh Austin
Corona Real Estate - Star, ID
I have heard through a lender that a short sale and a foreclosure that made it all the way to auction will both show up on the owners credit.  I was alway under the assumption that a big reason to encourage an owner to allow a short sale and not wait for an auction was to save their credit.  Does anyone have any information on what exactly happens to their credit with both situations?  Thanks.
Dec 15, 2007 04:52 AM
I would be interested in an answer to this,also
Dec 15, 2007 10:16 AM
Sherman Smith
Sherman Smith & Associates - Tustin, CA


Here is a lot of info on short sales.



Dec 26, 2007 04:49 PM
Ange Fries ; GRI, ABR, EPro

New Question;  Does anyone have any suggestions for farming letters for expired Listings.  Or would they like to share any suggestions.



Apr 04, 2008 03:34 PM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Welcome back to ActiveRain!

     I encourage you to take another look at the website.  Surf some blogs, leave some comments.  Better yet, post a Blog.

    Best to you!

Jul 28, 2015 12:57 PM