Short Sale Negotiations Made Even MORE Difficult...

Real Estate Agent with DWELL REAL ESTATE BK3105105

Short Sale Negotiations Made Even MORE Difficult




Did you know that many lenders and servicers are often requiring that homeowners list their property with an online auction company after a short sale contract has been submitted?  So, if your buyer has put the condition into his offer that the owner will no longer continue to show and receive back-up offers, you have an offer that is going nowhere. 


This is just another reach by the banks and lenders to push the properties into their hands without the bother of waiting for a foreclosure and purchasing the home on the courthouse steps.  All forces are now directly aligned against the home owner because the banks now realize that as the market is recovering and home prices are rising, it is to their advantage to own the properties and not be a party to a short sale. 


What does this mean to buyers?  It almost guarantees that if you are looking for a "bargain" or a "steal", it is not going to happen because when the property is offered at auction, unless your price is higher than auction price, you are not going to get the home. The short sale negotiation  is made even more difficult because the bank could be the bidder who outbids you! 


  And while you are waiting, waiting, waiting for the approval that never comes, you are missing out on fairly priece homes that are truly for sale.  And, while you are waiting, waiting, waiting, mortgage rates are inching up along with home prices.  Be smart... If you really want to buy a home, go buy one and don't waste your time and effort on trying to procure one of these short sale headaches.  This is just one way that short sale negotiations have been made even more difficult and as time goes on, I think short sales will no longer be in play at all.


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Marnie Matarese |Broker Associate | GRI|RSPS|SRES | DWELL Real Estate 


DIRECT:  941-809-8099  

1947 Ringling Boulevard

Sarasota, Florida 34236












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Carol Zingone
Berkshire Hathaway Home Services Florida Network Realty - Jacksonville Beach, FL
Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
Marnie - great post. I know banks make the system as difficult as possible, that is for certain.
Aug 18, 2013 07:27 AM #1
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Marnie, It is tricky business and I did realize that they are using new tactics before they will consent to a sale. They say the ultimate goal is to get the true value for the property.

Aug 18, 2013 09:34 AM #2
Joni Bailey
101 Main St. Realty - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTOR®

Suggested. As if the short sale process wasn't already difficult enough.....

Aug 18, 2013 08:31 PM #3
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Marnie Matarese

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