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54634 : Real Estate Advice

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Thu Mar 7, 2013
Charles Tiffany answered:
In Wisconsin, you really should include the SSO addendum with all offers on a short sale, and make sure you read and understand that document. Don't be afraid to utilize an early expiration date for the sellers and lender to respond - then you have the ability to submit another offer on different property in a reasonable time period. The listing agent should have included that option in the listing contract, but if not, then the buyer should insist upon it. Additionally, just because you get the offer accepted at a certain price, does not mean you will get it bought for that price; many banks will negotiate a higher price once they come on board. In my experiences, "Short" means keep the lender close - if it's not local lending, you don't touch it! Good luck and go find a willing seller! ... more
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Fri Dec 30, 2011
Linda S. Cefalu answered:
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