Golly gee whiz...and just when you think you have heard it all...we had Buyers who went back and forth ...forth and back and around in circles deciding whether or not they should buy a short sale. They clearly loved the house according to their agent...and multiple showings would indicate that was true.
We explained in detail to the agent ...who had never written on...listed or had any experience with short sales and was fed information by other people in his office...what the process was....the time it can take...yadda yadda.
What if...and then what...and the dialogue continued...the Sellers waiting to learn if this would ever culminate in a legitimate offer.
After literally weeks of having the Buyers ponder the sale...the Buyers agent came back to us..."It just isn't fair to have the bank get less than they owed." Really ? Really ? From day one...what did you think that the definition was of a SHORT SALE ?
Through the years of working with short sales...knowing the inefficiencies with which most are handled by lenders...feeling sorry for them is not where our heads are...Feeling sorrier for Sellers who got stuck through no fault of their own in the fall of the housing market...a whole different feeling !
If you or anyone you know is unable to pay their mortgage OR is thinking of writing on a short sale...it is the kindest thing you can do for a distressed Seller...the Bank loses far more money when a house goes into foreclosure. Call the Hansons wherever you are...if you are not in southeastern Wisconsin, we will refer you to a qualified agent in your area.