Actually, all of the issues I pointed out have EVERYTHING to do with “short-sales” and all manner of “deadbeat sellers,” which the market seems to be so full of today.
I think what’s really going on here is the vast majority of RE licensees currently working in the biz who frequently find themselves having to “represent” this type of distressed seller don’t want to publicly acknowledge that, due to the nature of their clients’ intractable “problems,” these “short-sale” transactions are a minefield of snafus and corruption due to legal issues and conflicts of interest. These affected (clouded title) properties look more “desireable” to the buying public when these all these “issues” (and the actual down and dirty “negotiations”) are “hidden, glossed-over, sugar-coated,” and otherwise swept under the rug in order to string buyers along and keep several in the “pipe” at once.
[quote=SD Realtor (in re: the OP’s “short-sale example”)] . . . Also alot of times people simply don’t want showings anymore. Anyone with a family and kids pretty much does not want buyers coming into the home.[/quote]
Pray tell, why would any potential buyer, or anyone for that matter, CARE if a “family and kids” doesn’t “want” buyers coming thru their home?? What does this particular family’s “wants” have to do with anything? It’s not like they are actually making timely house payments, lol! Does this family actually have a choice in the matter? Or would they rather be foreclosed upon? This statement is just an example of the “coddling” mentality we seemed to have developed for “deadbeats” over recent years.
Anyone can easily see why a larger percentage of buyers walk on these transactions.
It’s just a sign of the times that a good percentage of the current “for sale” inventory out there is “underwater” (more likely due to seller GREED than purchasing at the “wrong time.”) What I have a fundamental problem with is that lenders should have instead availed themselves of their timely right to non-judicial foreclosure, as they have ALWAYS done in years past. EVERYONE would be better off today if there were 2-3 sale-times per day on the (courthouse) steps instead of one and postponements were a thing of the past, IMO.
I can only imagine how difficult it must be for these current “sellers” and their agents to finally come to the reality that THEY are not in control of their market anymore, lol!
[quote=CA renter]. . . It’s very easy to root out fraud; problem is, so many fraudsters are making money, there are too few people willing to stand up for what’s right and fix the system.[/quote]
All it takes is ONE party to do this, CAR. Thank you, Mr and Ms Holmes, for standing up! Somebody had to to do it!
