[quote=sdrealtor]All I can say is that this is not the way “everyone” thinks. I have plenty of short sale clients that have decided to honor their obligations and keep theh property rather than damage their credit. There are also others that are willing to take care of the property until it closes at considerable personal expense as well as those that have written 5 figure checks to settle with their lenders. Not everyone in CA is morally reprehensible.[/quote]
I’m confused – probably due to my own ignorance. Isn’t short selling asking the bank to eat the loss? The example you give of sellers showing up with checks is obviously NOT a short sale. (I’ve had friends do that, when the market was down, back east, in the 90’s.) But isn’t a short seller expecting the bank to eat any loss above and beyond the down payment?
Are you saying these short sellers decided NOT to do the short sale after all?
