When You Cannot Make up Worst Stuff About an FHA Short Sale

By
Real Estate Agent with Lyon Real Estate BRE #00697006

When you cannot make up worse stuff about an FHA short sale, then you just stick to the facts. Which is what I have done in my blog today. In the rare occassions when I have had to break bad news to a seller, I call the seller and speak on the phone. I would never send an email or text with bad news because that's like slapping somebody in the face when they are down. People need to discuss, dissect and understand what happens so they can move forward through the grieving process and get past the anger when things do not go according to plan.

That's the problem with being on the other side of the transaction with the sellers. You can't control the buying side. You can't make the buyers see reason and logic, and you certainly are not privy to their thought processes. You can read more in my personal blog today at this link: What Crazy Thing is Going on With That Carmichael Short Sale?

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Certified HAFA Specialistelizabeth weintraub

 

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Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

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Topic:
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Location:
California Sacramento County Carmichael
Groups:
Northern California Real Estate Professionals
Short Sales Specialists
Lyon Realtors
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Tags:
sacramento short sales
fha short sale
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Rainmaker
2,177,184
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Elizabeth - If there is anyone who can handle a troublesome short sale, it's you!  

Nov 23, 2016 10:51 AM #1
Rainmaker
2,012,508
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Myrl Jeffcoat Short sales in Sacramento have changed. The short sales I'm handling now are many times more difficult than they were 10 years ago. Far more complicated. Involving all sorts of liens, multiple loans, different approval processes, and idiotic delays. Plus, unlike a few years ago, when I finally produce the approval letter, it can pay the sellers $10,000, and although it took blood, sweat and tears to achieve that feat, then the buyers invariably cannot close escrow for some lame reason or another and the auction date is too close to start over. It's enough to make an agent weep. Imagine how the sellers feel?

Nov 23, 2016 07:05 PM #2
Rainmaker
4,304,317
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't think I could take anything like this now, Elizabeth.  I would refer it out to someone with more patience.

Nov 24, 2016 05:06 AM #3
Rainmaker
2,012,508
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Gabe Sanders Don't think I haven't been tempted. LOL. But bottom line, I also realize I am probably the best agent to handle this sort of thing. I do not know of any other agent who has accumulated as much knowledge as I about short sales over the past 10 years. It's sorta like this is my civic duty, my pro bono to do.

Nov 24, 2016 09:36 AM #4
Rainmaker
2,896,111
Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Los Angeles Pasadena Area Real Estate 818.516.4393

Hi Elizabeth --- I do believe you should attach this post to the mls as an addendum.   

Nov 25, 2016 06:59 AM #5
Ambassador
2,944,695
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

A relative representing a family member, or an agent purchasing a Short Sale for themselves, is one of those areas the banks don't like.  They know that commission on the buy side might as well be more seller subsidy.

Nov 26, 2016 10:10 AM #6
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Rainmaker
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