I was curious if other agents are experiencing what I am experiencing and that is homeowners approaching me to do a short sale, then asking if their brother, mother, father, sister, etc... can put in an offer because they don't have any intention of losing their home but to reduce their mortgage through family. One family member trying to save another family member's home.
I have been approached several times about this type of inside "short sale" and I am not comfortable doing this type of sale and have declined to service them in that way. If other offers come in on the listed short sale property, then the homeowner will not want anyone else to buy the home, because they really are not moving out.
I have been hearing other stories of this happening and agents doing it. One that I did turn down was picked up by another agent and the property was listed on the MLS and showed active for a few days and now has a contract contingent for 3rd party approval.
Just curious if others have experienced this also with homeowners.
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