Impossible to Sell!

Chris: that's a heartbreaker. For all the crisis these lenders and asset managers don't seem to be in any hurry.

Yes allot of the same stuff I read on here. Just do what I'm doing quit showing them. I had an incident last Friday that broke the camels back.

Maybe when need to boycott all of them. Just telling a prospective buyer sure you could purchase a bank owned property but do yourself a favor don't become emotionally attached, be prepared to be bumped days within closing for a better offer, don't make any plans to move until it is closed you'll be disappointed, is enough to turn them away.

Let them sit on their properties.

Write that letter and maybe start a petition.  The banks need to take some of their bailout money and hire many more people to work exclusively on these short sales and foreclosures...that would put some back to work!

It is tough working with these banks, that is for sure. We had a pre-foreclosure listed and had received a full price offer on the listing. The bank drug its feet on accepting the offer and refused to do anything on it for a week. In the meantime they foreclosed on it and transferred the listing to an REO agent. We have tried to submit the offer to the new agent but it will be weeks now before she even has the price on the listing.

Luckily she has been really great and is working with us on trying to get the bank to transfer the listing to us. She is two counties away and coming out here to service the listing is a huge drive for her. She said that she is going to give us the heads up on the price when she gets it, but it doesn't make much sense why the bank even let it get this far. They could have avoided the additional fees incurred by the attorney and had a quick sale if they had only tried to work the offer. It just seems to me like they had no interest in selling it and preferred to foreclose on it for whatever reason.

Another problem is that very few of these lenders are local and even fewer understand how things (& weather) work in MN.