[quote=SD Squatter][quote=sdrealtor]Sd Squater
That would actually be counterproductive and not what someone would do in a short sale flip. In a short sale flip, an investor offers to pay cash in a below market transaction without it actually going on the market. The investor then puts it on the market as a free and clear property. Its never marketed as a short sale.[/quote]
Hmm, isn’t the realtor representing the bank under an obligation to put a property on the market and get the highest price possible? If he/she puts the property “on ice” in order to get an artificially low price from the bank through a scheme like this then everything appears legit from the outside. Not listing a property at all would seem like a breach of contract by the realtor.[/quote]
Okay.
The agent in a short sale listing is not representing the bank.
He is representing the seller (the fucked over dude who bought it a few years ago) or the buyer.
The agent has no contract with the bank.
He does not (and should not) give a shit about anyone but his client (the buyer or seller).
