I'm glad I'm not alone. Way too many agents that are pretending to be experts.

It is a shame. Those are the agents who should never have signed the listing agreement.

Personally, I love short sales, not that I have nothing to do, but I always feel that by successfully complete a short sale, I can help a lot of parties -

I am helping the sellers to avoid foreclosure (those are the ones who did not plan to get into this situation and are really scared/worried/sorry that they are in this situation), by getting the buyers a great deal, by helping the neighborhood's value - REOs really kill the value, and by also helping the lenders to avoid costly foreclosures. I feel that not only do I make my commission, I was able to help a lot of people in the process; and that's huge for me.

There are ways to develop a system to work this and make is successful, you (meaning we) just have to understand how and follow through diligently.

BTW, I just worked with Wellsfargo and found them very easy to deal with and very streamlined - compared to my last short sale where the customer service is farmed out to India!

Best,
Sylvia Barry
Marin Realtor .

Everyone thinks they can handle them until they try. In order for any agent to work the listing end of a short sale they need to be very experienced with short sales, not anyone can do it nor does everyone have the time or patience to do it correctly. It is tru the banks are taking forever but not all. If the person doing the negotiating has a relationship with the bank they can move things along alot easier. Chase, Wells Fargo and Countrywide have been absolute nightmares. Sometimes i do believe a short sale company is worth every penny to handle it and get it done. however they too are popping uo all over the place and can not do any better than you would have on your own, the only thing they have done is emptied and money that was left in the sellers pocket.

I am with you. I am tired of the way a lot of Realtors handle a lot of things. I will stop there otherwise, this could be a book. LOL

What up Marty, I'm looking into starting a third party negotiating company for handling all the work on short sales, and also doing debt renegotiation for people that want to stay in their house. I'll give ya a buzz soon and maybe we can go out and throw a couple of cold ones down.
Bill

Thanks David! I appreciate the help!

contact Trish at chase 614-422-0842 I haven't delt with chase in a little over a year and a half but she is a profesional.

This is why it's critical for distressed sellers to make sure they are dealing with seasoned professionals...although seasoned in this instance is only a year or so,

It's also disgusting how the lenders are handling short sales. It has taken Chase five months to even get someone assigned to a deal I am working on....buyers keep walking and offers are now $100,000 less than the offers back in June and July.

I wonder how their shareholders would feel about the $$$ tnhey are letting slip thru the cracks?

You are right but the main problem seems to be preparation, and informing the client of their part. when a shortsale is listed most of the info needed should be put together in a package. that way when an offer comes in it can be submitted easily and without delay. My company offers classes on shortsales but I already know more than the person teaching the class. It takes a lot of successes and failures to be good at it. If an agent is new to shortsales they need to contact the loss mitigator to find out what info the bank will need. they should also ask other agents in a forum like this.