This is something that agents struggle with frequently. The easy answer is the seller is not going to profit from the sale and does not have much incentive to cooperate. However, if you have a property that you really want, you can write an offer subject to interior inspection. Sorry, short sales kinda stink!!
Best of luck!
I'm afraid as a short sale listing the seller isn't walking away with any money. Except maybe cash for keys and that's only a few thousand. Needless to say the motivation for the seller is very low.
With the current market that seller would have buyers coming over all the time and for what? Again he's not making any profit.
It's not fair but that's what some sellers of short sale properties are thinking.
That is a great question and it's happening more and more in our current market. As you can see from the previous posts there are many reasons why this may happen.
Another reason is a seller in a short sale situation is not receiving any monies from the sale and sometimes simply can't be bothered to have buyers come in and interrupt their life.
Also there is still shame that comes with having to do a short sale and as much as the seller wants to do the right thing they still don't want their neighbors to know their business.
There is nothing wrong with submitting an offer, "subject to interior inspection".
Thanks for the question!
Another scenerio is the fact the seller wants to stay as long as possible in the home and thinks by sabotaging showings it will prolong the process. It also happens in unfriendly divorce situations and unhappy tenants.
Another reason that as a professional I don't like to bring bad light regarding my peers but some agents don't want to show short sales because they take a long time and they want a easier sale so they may be telling you, you can't get in when they just don;t want to deal with it.
Keep mind that most sellers loosing their home "really" don't want to sell it but have been put in a unfortuante situation that they are forced to get out.
A "subject to" short "Scam" is a lenders way of fooling each and every sucker who is a party to the misrepresentations and attempt to defraud all potetential buyers.
If I were an agent I would bid every soon - to -be broken short or "sham" sale offer / deal and bid the home at the courthouse steps. Then, force the lenders hand.
Look my fellow debater's - It (Lender) wont do a short sale at 85% of the outstanding obligation but will take a liquidation sale by a trustee for half the amount.....What the #^@#!
Clue . . . (Ask AIG )
When your agent calls is he being told that they already have offers because sometimes the property will show on the MLS as active while the agent & seller are waiting for a response on offers they have. In this case the seller (or agent) are just tired of showing the home and want to wait for the banks response before deciding to continue to show it.
Have you asked your agent why he/she thinks this is happening?
If the above scenario is not the case then I am very confused because I am constantly looking at these properties and if the property is on hold for showing I have always been able to get a response from the agent as to why.
If you have any more specific questions feel free to e-mail me:
Hope this helps!
Good luck with your home search in the SCV!!!!