Someone who called me today at the law firm I work at, was asking for legal advice before pursuing a short sale with a real estate agent. After asking some questions, she stated the following:
The Agent she wanted to represent her interests told her that he is very successful with short sales and very experienced.
He is working some short sales right now that are going well.
That he closed on some short sales and were very successful.
That if the short sale doesn’t work, then you can give the home back to the mortgage company.
After a little research, we found out that the agent has not performed one short sale yet and had no experience at all. When confronted, he told them that they may need someone with even more experience to handle their situation as they withdrew their listing with him.
Please get PROFESSIONAL advice with all questions you have pertaining to your financial hardships. Legal consultation is cheaper than some of these retainers being charged for short sales.
By the way I forgot to tell you this agent charges a non-refundable retainer of $1500 since he is so experienced.
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