There should not be any reason for the buyer to be contacting the seller's lender in a short sale. The lender is a debt collector at this point. How the resolution of the debt is negotiated has serious implications for the seller. What may be in your best interest may not be in theirs. - Mon Jul 28 2008, 18:11
The SoCal market will easily see another 10% drop. If you are able to sell and only pay 5% in closing costs, you will be down 15-20% in two years, and possible more than that. - Tue May 27 2008, 21:26
Make sure you understand that the seller needs legal and tax advice and sometimes that advice means you won't get paid. One key with potential short sales is learning to ID which ones not to take. - Tue May 27 2008, 21:06
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.