A short sale smorgasbord

Real Estate Broker/Owner with Al Phillips (Realty Executives Stoney Creek)

Short sales are a way of life in Michigan.  If an agent is unwilling to embrace the short sale in his or her business, they are missing out on a large part of their potential business. 

Short sales listings are well over half of all of my listings since January 2008.  Presently, I have three short sales in process.  I have had one that was in process for seven months and never did close.  That particular short sale was with Indy Mac Bank (need I say more) and the bank was so out of touch and didn't even care.  

If there is one underlying feeling I get when working with all of thse banks is that none of them care.  I have had a short sale offer sitting on the negotiator's desk for six weeks with no movement.  By the time the bank finally decided to accept the offer, the buyer's had decided to put an offer in on another home.

More to come.


Al Phillips


Realty Executives Stoney Creek

Comments (2)

Ed & Cindy Knight
Rooms Realty - Shelby Township, MI

Oh how right you are bout the caring. These are just employee that get a paycheck. They do not care or kow about the emotions of thebuyers or the sellers. Glad to see you here.

Dec 01, 2008 12:03 PM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

We invite you back to ActiveRain in 2016!

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    Surf some blogs, leave some comments.

Sep 11, 2016 12:13 AM