if you have had any experience with short sales....when you finally had a successful closing, what was the final result in sales price?
A. Was the final price at the market..?
B. Just under the market..?
C. Way under the market..?
I have seen some incredible deals on national news that we are not seeing in our area of the country. We are seeing the banks take a very tough stand, playing their hand within a few thousand of the comps. They do seem to be relying strongly on the Agent Opinions during the short sale process in our area.
I just had a deal go belly up when the bank would not come off of their price within $5k of my clients highest and best per their Lender.
I think it would be interesting for everyone if you would take just a minute and share your insight on the banks dealings in your area.
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