how do you know if a listing is a short-sale?

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Submitted by ybitz on May 17, 2009 - 5:18pm

How do you know if a MLS listing is a short-sale or not? It seems like it's the kind of information that should show up on sdlookup and other web searches. Many times you can't tell whether a property is a short-sale or not simply by looking at listings (sdlookup, redfin, ziprealty, etc) until you've made an appointment to see it?
For example, can you tell if this is a short-sale or not?
http://www.sdlookup.com/Property-384BDB5...

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The first give-away is that
Submitted by Rt.66 on May 17, 2009 - 7:33pm.

The first give-away is that the price seems almost reasonable.

The second would be that the agent does not answer the phone and takes 5 days to return your message.

I wish the MLS made it mandatory for agents to disclose that it's a short sale in the discription portion that shows up on the consumer search programs.

In "listing information" on
Submitted by Eugene on May 17, 2009 - 9:21pm.

In "listing information" on Redfin you can see a remark "Subject to Court/Lender Approval".

Rt.66 wrote:The first
Submitted by ybitz on May 17, 2009 - 10:11pm.

Rt.66 wrote:
The first give-away is that the price seems almost reasonable.

The second would be that the agent does not answer the phone and takes 5 days to return your message.

I wish the MLS made it mandatory for agents to disclose that it's a short sale in the discription portion that shows up on the consumer search programs.

haha, I like the first give-away. It's sad but true!