sdrealtor,
I don’t see how anyone was inaccurate. We were pretty obviously generalizing and going with historical norms and you are pretty obviously using a few specific examples and going with the current situation. In any case, I have said here several times that short sales will probably get easier sooner or later.In my post I said it was possible that it could happen. Starting a few weeks ago I said it seems like they are getting easier.I don’t have any proof that short sales are “cursory” but I believe you have a few examples to give that opinion and that is great…I think. Lots of people have not done one or many because they we so problematic. If they are doable for you and others more and more agents will catch on and I am sure there will be squabbles over who is the real short sale expert. Maybe an elbow in some one’s eye here and there. Gotta love it.
In any case it all depends on lender motivations.Much more than Realtor expertise. If they see short sales as a better route than foreclosure will see more going better. The troubled borrower has to be somehow motivated as compared to walking away, or perhaps even taking one of these modification or workout deals,if they are an option. We will see what trend prevails.
It is great to have sales people providing such great information here on piggington’s. Did your clients have to sign anything with regard to owing the lender non-securitized amounts? Any other advantages or disadvantages come to mind with these deals?Any possibility that some of these short sellers have another better option, that we might steer them to for ethical reasons?
