The Cooper Group

Its funny how everyone likes to complain about short sales. I personally am doing pretty darn good with them! And you can pull my stats any time, Right now out of short sales that I have taken that I knew would close we are closing 66% of them. Now back to your questions. Only submit 1 offer with a good HUD1. When you submit more than one it just confuses the lender. They are not agents and they have no idea what to look for oin a contract, and that why require a HUD1. Get on the phone call them 2 to 3 times a week until you get an answer. GMAC seems to be fairly easy to deal with and once countrywide get their restructuring done they will be more efficient as well. Remember, it is your job to push that deal through!!! Push them until you get an answer! And if you are dealing with a second always make sure you give them something, whether it be 1,000 or 5,000 make sure they get something! - Tue May 13 2008, 08:29

Juan,
Did you read Section 9? It says if the buyer is to pay for the title insurance then they have the right to chose. If the seller is paying for it then the buyer does not have a right to chose. And on top of this all, you have to offer a fiduciary duty to your client, If you are causing issues with your clients purchase a home and you cause the deal to fall apart because your client is having the sell pay for title, then I think you owe your commission to the buyer as a credit for their closing costs. If you cause a deal to fall through because of your opinion then you are breaking the fiduciary duty to your client! And further more title and escrow are 2 different things. Escrow is fully negotiable, whereas title is the issue stated in section 9. Both can be held at the same company but they also can be done at different companies! - Tue May 13 2008, 08:18

I like peter Parker's answer. I have personaly worked with mike over the years and he is the top agent in North Highlands. I know he can get the job done for you! Actauly, mike has out sold just about every agent on this web site hand down. Peter Parker is a good guy as well! - Tue May 13 2008, 08:03

The first question that I will be asking you is, are you offering commissions in the first place. If you are then the second question is, is a Florida agent entitled to receive commissions from a sale in WA. It’s that simple. If you are offer the commission you are offering the commission. I know in California if you are offer commissions on the MLS then you have to pay them to the potential selling agent, unless they are negotiated before you close escrow. And then the legality of paying an out of state agent comes into play. - Tue May 13 2008, 07:57

Not true, A home that is exposed to the market correctly will always go for full market value. It is true that a REO (bank owned) home could be lower than other homes on the market, but the reason for the lower price is probably the condition of the home. A good listing agent will get full market for a home in any market. In the Sacramento area we are seeing multiple offers on homes that are priced correctly. I currently am specializing in listing short sales and we are even seeing multiple offers on those listings as well. Like a said, a home that is marketed correctly will go for full market value. It is your own perception of what is a good deal. - Tue May 13 2008, 07:46