Lisa Forss, QSC, E-Pro, Realtor

Both banks approving is a huge step when that happens but it is certainly not the end of the negotiation. Once hey both agree to the price and the short sale, now they have to agree with each other on how much the 2nd is going to accept from the first to go away! That is where the negiotion hits a few bumps because you can see the light at the end of tunnel, as a matter of fact you can touch it, but its muted by the big egos of the banks :o)

Sorry, that sounds like I've been there, a little bitter maybe!! Right now..... as we speak as a matter of fact!!

The 1st mtg offers 1k to the 2nd mtg to go away, the 2nd comes back and want 10k to go away....and it goes on and on.
Now the 1st is tiried of going back and forth and says, "I'm done, its going to trustee sale and the 2nd gets nothing"(they are not insured)

All the while, I am screaming inside " Noooooooo, I just spent 6 months, with 8-9 offers, buyers walking away one by one in disgust, advertising dollars, and hours and hours of labor on this transaction"

It's never over until it over but we are certainly CLOSE to the finish line, not sure if we will cross over it though :0) - Thu Feb 21 2008, 07:00