Well, I just love selling the same house over and over! What does one do when you sell a house and then find out it is going into foreclosure? Do you keep the listing? Even if you had no idea the client had not made a single payment since you listed the home?
I ask these questions because in this situation we decided to let the seller go. Had they been up front with us about payments we could have had attorney get everything in place well before hand. But as it happened the buyers needed to react quickly as they were relocating. Hence we lost the sale.
In what instance do you keep a listing like this? And when do you let go? What is best for us and the seller?
You tell me! We as agents are going to run into this more and more over the next 18 months!
C'mon folks! Got any Ideas? Comments?