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Unrealistic Reasons People Give Me Asking Me To Short Sale Their Home

By Stella Barbour

Real Estate Broker/Owner with NoVa Brokers LLC 0225 094634 VA/ 643686 MD

April 15, 2011 01:23 AM

I have been given so many reasons why someone should short sale their home. Let me give you some of the reasons:

1. My house is upside down, I can afford the payment, I just don't want to pay it.

2. My neighbor sold his house as a short sale, I should be able to also.

3. I am angry with my mortgage company, I want to just short sale the house.

4. I am tired of working, do you think I could short sale my house like everyone else.

5. I just want to short sale to my brother and then I will still live here and save $150K and no one has to know.

6. Why can't I short sale my house because I make $250K a year and my payment is only $1500. It is still underwater and I shouldn't have to pay for it. I will make them take their house back.

These are only a few reasons that people give me that want to short sale their home. Sometimes the reasons are just not good enough. To short sale your home you must be in financial distress and there are guidelines to follow for qualifying for a short sale.

I someone needs assistance in deciding if they qualify for a short sale, please contact me.

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Bruce Walter

Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Stella, it is amazing the mood that people are in concerning a sense of entitlement and wanting to get out from under their home for the above mentioned instances in your post. Good for you holding the line!

Apr 15, 2011 01:27 AM

Stella Barbour

NoVa Brokers LLC - Vienna, VA

Principal Broker, Serving Virginia and Maryland

thanks Bruce. It is unbelievable how many reasons people can give that are just not going to work.

Apr 15, 2011 01:36 AM

Torgie Madison

Quicksilver Real Estate Solutions, LLC - Portland, OR

Websites and Contact Management

Wow, #5 and #6 are incredible! Why would someone think that a Realtor would go along with such obvious schemes? Some people...

Apr 15, 2011 06:12 AM

Jenniffer Lee

RE/MAX Complete Solutions - Boca Raton, FL

Broker/Owner/Realtor at RE/MAX Complete Solutions

Funny how some people justify it. I've heard a lot of crazy reasons too.

Apr 15, 2011 07:06 AM

Sam Trevino

austINside - Austin, TX

Hello Stella,

I can understand a seller having some misunderstandings about a short sale, but effectively asking a real estate professional to abuse this process is absurd.

Apr 15, 2011 12:46 PM

Torgie - I know, that is what I deal with sometimes. Crazy isn't it.

Apr 15, 2011 01:22 PM

Jennifer - It is crazy isn't it. I could never be involved with such unethical behavior but what happens is that they end up going to other people that may do it.

Apr 15, 2011 01:23 PM

Sam - I have their addresses and I will check the MLS periodically to see if anyone does take the job. That will tell me about those agents if any take these on.

Apr 15, 2011 01:24 PM

Marcy Moyer

eXp Realty of California Silicon Valley Probate, Trust, and Investment Sales - Mountain View, CA

Probate, Trust, and Investment Specialist

A year ago I was at a seminar given by Wachovia where they said they did not care about hardship, they would do a short sale at market value for anyone who wanted. that was before they were officially absorbed by Wells Fargo. I am sure that policy has changed.

Apr 15, 2011 04:45 PM

Marcy - I did not know that Wachovia was doing that. I have not had any short sales with Wachovia before they were merged with Wells Fargo. I have a love hate relationship with Wells Fargo when it comes to Short Sales.

Apr 16, 2011 03:56 AM

Tagrid - Yea, you are right about that. Thanks for stopping by.

Apr 26, 2011 02:00 AM

Unrealistic Reasons People Give Me Asking Me To Short Sale Their Home

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