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Foreclosure in 94509 : Real Estate Advice

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  • Local Info3
  • Home Buying11
  • Home Selling2
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Activity 4
Mon Apr 21, 2014
Dan Tabit answered:
Vilmita,
I've read this and most of the other post. We can't really offer you much help. First a short sale is always contingent upon the lienholders final approval. The seller receives no funds from the transaction unless approved by the lienholders. Commissions are often reduced, so agents tend not to like them. The wait for approval can be months, not weeks and approval is never guaranteed. I've had lenders demand higher prices, but usually only once, not as you've experienced.
To be brief, Terry gave you good advice. You're unhappy and have concerns. Your agent hasn't satisfied you. The only hope you have of getting clear answers may come from your agents managing broker. They may not be fully versed in the transaction right away, so your agent should be there too.
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Mon Apr 21, 2014
vilmita20878 asked:
the date of my original offer. I sent it via email to my agent.
However, felt uneasy about the way the transaction was being handled and became suspicious. I immediately rescinded the…
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Mon Feb 24, 2014
tchyyna answered:
Ever thought about listing it with your counties Section 8 Program. Lots of good people are looking for nice rentals but can't find quality houses for rent in the area. Plus it guaranteed. ... more
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Tue Aug 7, 2007
John D Fink answered:
I agree that Countrywide can be one of the more challenging lenders to deal with, however it is all about the approach with them. Kill them with kindness, as my Grandmother always said, and take a position of "I'm here to help you get the most out of this sale." Is that betraying your client?...no because it is a business transaction and you have to take the emotion out of the equation otherwise you are not helping your client! We have a responsibility for creating a BUZZ in this market by taking the position of "THIS IS THE BEST MARKET EVER TO BUY." It wasn't to long ago when the sellers were brutalizing the buyers with the power of multiple offers, buyers writing letters with their over-bid offers practically begging the seller to accept their offer! Now it's the buyers turn and the expectation of buyers is they want a deal, and if the seller doesn't want to take a low ball offer, there are thousands of other homes out there for buyers to make offers on. I am holding off on taking listings and focusing solely on buyers. If we perpetuate gloom and doom in the market, even the buyers are going to go away! WE NEED TO PUT A POSITIVE FACE ON THIS MARKET OTHERWISE WE SHOULD CLOSE OUR DOORS! I'm going to get off my soap box now.

Thanks
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