Even if Short Sale is mentioned in a listing, it is a hope & prayer of the agent, so they can earn a commission.
If your landlord hasn’t submitted a hardship package, they are probably wasting their time.
You don’t ask for short sale offers knowing what will be accepted. It’s a poor marketing myth, and I still think that plenty of real estate “pros” don’t know what they are doing. If the agent has been around less than 10 years, they’ve prob never been involved in one.
The next time you see the listing agent, ask them if they have EVER completed a short sale transaction, and ask them how long it took.
The 24 hour offer made Friday has already expired.
Now my bet is that they don’t know what they are doing.
If your landlord isn’t near broke, it isn’t going to happen.
He’s in a bad investment. Not the lender’s fault.
If I were you, I would ask for compensation for being inconvenienced when the property needs to be shown.
Like reduced rent or a cash amount each time.
I negotiated with a bank once on a home that they had foreclosed on. It took over 3 months from start to finish.
They took 3 to 4 weeks to respond to each offer. After my 2nd offer their reply was “we have nothing to discuss”
I loved it!
I bought the house several offers and counters later.
