BG – I made an offer on a short sale. A friend of my DH who is a realtor put in the offer to the LA. It was LP offer that was below 2002 price on a condo. They accepted it. We were in escrow for 3 months, once approved, then things started moving quickly w/appraisal and inspection. Upon inspection about 4 months into it, we decided values have come down some more and it would be costly to fix everything. We withdrew our offer. We submitted another offer 20k lower. They did not respond and we were ok w/that. It ended up selling a 4 months later for 10k less than our initial LP offer to a sister office.
All this to say, short sales happen. It just takes time. Maybe there are some that seem like pocket listings. I’m not denying that. But I’ve come across enough in my monitoring of sales to know that not all of them are dual representation. I’ve seen both. It does take patience, that’s for sure.
