The Calif. Association of REALTORs annual buyer and seller surveys consistently show that communication is key to a smooth transaction. I cover how we will communicate with all my clients. It sounds as if you need to send a letter outlining your concerns to the Realtor (or email, or fax).
There is a rule is real estate "time is of the essence". If your Realtor is not treating your activities promptly, I would call his or her broker and complain. Remember, YOU are the boss. YOU hired the Realtor. If he/she does not perform, then I would immediately document the issues and after trying to work it out directly with the Realtor, complain to the broker and ask for another agent.
Sorry to hear of your misfortune. Hang in there.
Foreclosure reality check.... Seasoned investors who buy foreclosures know the REO manager at the bank and get "off market" deals. They never have to bid or find a place to learn what's available.
FOR ALL OTHERS: The only "sellers market" in america is the foreclosure market. Don't expect any deals from a foreclosure as the bidding process brings 20-30 people to bid on almost every deal. A deal that was already priced at market.
It's easier to get a deal by going to a realtor, asking them to find the oldest property on the market and start dropping discounted offers. In addition, you won't have to wait 30-60 days to hear an answer. I know you know this, but those 50 million+ "buy foreclosure" tv ads are blurring your vision. BTW - It's those 50 million+ ads driving people to think that they get deals on a short sale.
Come out of a coma and start talking to realtor who is not afraid to drop a 25%-40% discounted offer.
Price and pictures is what gets buyers and Realtors in the door. It's crucial to be priced right and have several attractive pictures on the MLS and a combination of online/print adversting. You have to have a lockbox on the door so that Realtors can make appointments and show them to their clients. Is your unit even on the market or is it a pocket listing??
Like Cheryl said, the first 3 weeks were crucial. This is the time that your home is "new on market." Call your agent first thing in the morning. Ask for a lockbox asap, ask what the advertising plan is, and ask how much cooperating compensation is being offered to the other real estate agent that may bring a buyer...(the lower it is, the less likely other realtors will be motivated to bring their buyers to your listing...).
I certainly don't know if there's more to this story; however, a lockbox and a marketing plan is a must regardless of anything else that we don't know.
as categorized in the Duties Owed and Consent to Act forms you signed triggering the listing and submitting the short sale property offer. It is important to establish a meeting with your agent and have meaning communications regarding your questions and your agents mindset. Do you need to sell your property in order to proceed with closing the short sale? Short Sales successes rely 100% on the listing agents organization in providing the seller's lender all the specific, general and financial information they need to process the sale. Short sale lenders are extremely short handed and it is not uncommon for each of their loss mitigators to have 200 to 400 files they are each working. As you can see the process becomes compounded by the additional seller's secondary lender that has an equal participation in allowing the sale to proceed. All seller's lenders must give approvals to the short sale and grant lien releases . By understanding the processes and armed with knowledge Steve you will be in a much better position to have more favorable outcomes.