[quote=SD Realtor]UR you gotta sit tight. I have had verbal acceptances and not received the copy of the lien release for up to 2 weeks one time. It will come if they gave the verbal. You just gotta keep the press on the LA.
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Miscommunication.
I am the LA.
I am just irritated because the negotiator seems to have no follow through.
[quote=SD Realtor]
Personally I am not sure what to say about the short sale dilema… It sucks because of the variances involved.
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Again, what I was referring to was what you would do as far as running the numbers for stat purposes.
I ask because I was talking to a bpo agent the other day (he was running a bpo on my listing) and he said that he was basing prices off of units that were hanging active on the market. In other words, the unit at 105k (priced to attract lots of offers) is categorized as over-priced because it has not gone pending. The joke is that the bank is what is controlling that. Then using it as justification.
[quote=SD Realtor] Some agents indeed will continue to submit offers to the lender and others will not because they do not want to derail the process. I have had a few cases where the buyers would flat out beat the current offer into the lender but the LA didn’t want to submit the higher offer because of the time invested with the current offer.
Some agents are diligent and they actually do move the home into withdrawn which technically makes alot of sense right? The home is still under contract but is not active. Then when they get acceptance, then they move it pending.
However it rarely plays out that way. So many agents are just plain lazy and leave it in active status. I am sure you get the same thing… you client calls you saying hey what about this home on so and so street. Can we go see it? Then you call the LA and the LA says well we have 4 offers and the highest is into the lender and we really are not showing it anymore… I know the drill… it sucks.
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I feel that putting it as anything other than active until full lien release is irresponsible on the part of the LA. I have had BA’s insist but I still won’t do it. Active market time is at a premium for ss sellers. Until all parties (including the lender) agree, there really is no effective contract.
