Just when I thought that short sales couldn't get more diffacult ... now I see there are listings that are ridiculously low priced .. just to get interest. What's happening is that some listing agents are listing short sale properties at extremely low prices - just to get activity and quite possibly resulting in offers that although the frustrated (couldn't care less) owner may agree to ... there's no way the lender(s) will. It just goes on and on ................ There's no wonder as to why some agents just refuse to deal with Sort Sales.
I just had one short sale rejected after 6 months and another that's been in process for 10 months. There's really enough to deal with already. There should be an enforcible rule to list short sales within 10-15% of market value.