[quote=sdrealtor]I said the problems could be resolved by good experienced agents. Obviously bad inexperienced ones can exacerbate things.[/quote]
sdr, what also stated in your post was that “Your lawyer will advise you endlessly at $300/hour when simple common sense solutions are readily available among reasonable people,” intimating that agents with “common sense” can fix everything. My point is, sellers are often neither reasonable or fair. The parties’ agents are often too ignorant to be reasonable or only want to close the transaction ASAP so they can get paid.
In Trojan4life’s earlier thread, you suggested that he get an attorney if his sellers couldn’t make it right for essentially THE SAME PROBLEM that I brought up (seller’s failure to comply with a contract term). Unfortunately, in our society, attorneys are a necessary evil. Often, if consulted early on in a transaction, their advice can save your a$$, by preventing a big expensive problem in the first place.
After an attorney gets a mucked up RE deal from a client who’s been damaged by it, it ends up in the lap of yours truly. These messes are often complicated and DIFFICULT to rectify after the damage has already been done. That’s my perspective. Perhaps it comes off as a bit jaded..
[quote=sdrealtor]Two short sales 18 years does not an expert make you. Hell I’ve done about 50 the last year and still learn every day.[/quote]
I never professed to be an “expert” in short sales. At the time of my two SS transactions, selling short was not even widely known of or common. My background assisted me greatly, however. What I stated was that they were way too much work for me, esp. since I also had a 40+ hr wk. job and a family as well. If you’ve done “50 in the last year,” I hope you have a transaction coordinator and other help. With dozens going on at once, you can afford to spend 100+ hours on an indiv. transaction and have a few fall apart here and there (buyer disgust/property foreclosed/recalcitrant lender, etc.) IMO the outcome of short-sale transactions is nearly all OUT OF THE CONTROL of the agent(s). Life’s too short – it’s not worth the headache to me to even be a party to one.
I totally understand how much harder it must be to make a commission these days.
