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Asked by Linda, 39520 Sat Feb 14, 2009

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2
Mark Washburn, Agent, Cape Coral, FL
Sun Feb 15, 2009
As Steve mentioned, prices for short sales are not fixed until the bank says "yes." Unfortunately, our market is plagued with an abundance of short sale listings that are well below what a bank will actually accept for a property.

We are having significantly more success writing offers on foreclosed properties rather than the short sale listings. Here are some Cape Coral foreclosure listings to review: http://www.greaterftmyers.com/cape-coral-foreclosures.php

Good luck in your search!
Web Reference:  http://www.gulfreturns.com/
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Steve Koffm…, Agent, Cape Coral, FL
Sat Feb 14, 2009
Hi Linda,

That house is a short sale. The short sale process is a difficult one and the banks have to approve the sales price. Many agents under price their short sale properties to get buyer's interested only to have them fall apart because the bank will not accept the low sales price. I have cut an pasted the history of that listing below. As you can see it was listed at $149,900 on 9/8/08 and it has been reduced to $119,900. It is currently undercontract probably waiting for the bank's approval. If you have any further questions please call or email.

Steve Koffman
Century 21 Sunbelt
#1 Team in Florida 2003-2008
239-443-2463
Steve@Koffman.com

DOM/CDOM: 160/ 160 Listing Price 119,000 Contingent Date: 12/10/08

Date Time New Status Old Status New Price Old Price Selling Date DOM Change Type
12/10/08 4:21:33 pm Act Cont Short Sale Active 119,000 119,000 94 Status
11/14/08 3:41:02 pm Active Act Cont Short Sale 119,000 119,000 68 Status
10/21/08 9:48:34 am Act Cont Short Sale Active 119,000 119,000 44 Status
10/03/08 2:16:36 pm Active Active 119,000 149,999 26 Price
09/08/08 2:48:26 pm Active 149,999 0
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