Another short steal

[bearishgurl]

great advice to researcher9 and all other affected Piggs, SDR.

researcher9, your offer should be submitted (and a copy of it kept) WITH your pre-approval letter from your lender and earnest money check attached (yes, even if a “short sale”). There is no need to “ask” the listing agent first if the property has JUST BEEN marketed on the MLS with a co-broke agreement. If the receipt of your offer has not been acknowledged to your agent within 24 hrs, then they should call and find out the status. If he/she gets a runaround similar to what you have described here, then it is time for them, and you to take IMMEDIATE action. This is the only way to eventually eradicate all the sleazy “back-room deals” that affect everyone, even the surrounding homeowners.

[bearishgurl]

No, I’ve never purchased a “short-sale,” no_such_reality, but have represented two buyers in them. It was so long ago (18-19 yrs) that, believe it or not, at that time there was NO COMPETITION to slog thru this sewer but my buyers. In both cases, my buyers needed the particular location and size of home/lot due to nearby support systems (family/caregivers) and hung tight to get it done.

Your post is an apt description of the “bribes” that I have no doubt take place to get the “short sale” of today done and I do agree that for a “winning” (lol) buyer, having only 20% of the purchase price on hand is low (depending on area of property).

no_such_reality, can I just ask, in hindsight, do you now think you got a “good deal” on your “short sale” property? And would you go thru this lengthy “skirt-lifting” procedure again in order to purchase property??

[bearishgurl]

No, I’ve never purchased a “short-sale,” no_such_reality, but have represented two buyers in them. It was so long ago (18-19 yrs) that, believe it or not, at that time there was NO COMPETITION to slog thru this sewer but my buyers. In both cases, my buyers needed the particular location and size of home/lot due to nearby support systems (family/caregivers) and hung tight to get it done.

Your post is an apt description of the “bribes” that I have no doubt take place to get the “short sale” of today done and I do agree that for a “winning” (lol) buyer, having only 20% of the purchase price on hand is low (depending on area of property).

no_such_reality, can I just ask, in hindsight, do you now think you got a “good deal” on your “short sale” property? And would you go thru this lengthy “skirt-lifting” procedure again in order to purchase property??

[bearishgurl]

No, I’ve never purchased a “short-sale,” no_such_reality, but have represented two buyers in them. It was so long ago (18-19 yrs) that, believe it or not, at that time there was NO COMPETITION to slog thru this sewer but my buyers. In both cases, my buyers needed the particular location and size of home/lot due to nearby support systems (family/caregivers) and hung tight to get it done.

Your post is an apt description of the “bribes” that I have no doubt take place to get the “short sale” of today done and I do agree that for a “winning” (lol) buyer, having only 20% of the purchase price on hand is low (depending on area of property).

no_such_reality, can I just ask, in hindsight, do you now think you got a “good deal” on your “short sale” property? And would you go thru this lengthy “skirt-lifting” procedure again in order to purchase property??

[bearishgurl]

No, I’ve never purchased a “short-sale,” no_such_reality, but have represented two buyers in them. It was so long ago (18-19 yrs) that, believe it or not, at that time there was NO COMPETITION to slog thru this sewer but my buyers. In both cases, my buyers needed the particular location and size of home/lot due to nearby support systems (family/caregivers) and hung tight to get it done.

Your post is an apt description of the “bribes” that I have no doubt take place to get the “short sale” of today done and I do agree that for a “winning” (lol) buyer, having only 20% of the purchase price on hand is low (depending on area of property).

no_such_reality, can I just ask, in hindsight, do you now think you got a “good deal” on your “short sale” property? And would you go thru this lengthy “skirt-lifting” procedure again in order to purchase property??

[bearishgurl]

No, I’ve never purchased a “short-sale,” no_such_reality, but have represented two buyers in them. It was so long ago (18-19 yrs) that, believe it or not, at that time there was NO COMPETITION to slog thru this sewer but my buyers. In both cases, my buyers needed the particular location and size of home/lot due to nearby support systems (family/caregivers) and hung tight to get it done.

Your post is an apt description of the “bribes” that I have no doubt take place to get the “short sale” of today done and I do agree that for a “winning” (lol) buyer, having only 20% of the purchase price on hand is low (depending on area of property).

no_such_reality, can I just ask, in hindsight, do you now think you got a “good deal” on your “short sale” property? And would you go thru this lengthy “skirt-lifting” procedure again in order to purchase property??

[pemeliza]

Thanks NSR, your post read like a bullet list of exactly why short sales should be abolished. Hey, props to the buyer of Camphor. They walked through glass and deserved a trophy property well below market for their efforts. Screw the consequences.

[pemeliza]

Thanks NSR, your post read like a bullet list of exactly why short sales should be abolished. Hey, props to the buyer of Camphor. They walked through glass and deserved a trophy property well below market for their efforts. Screw the consequences.

[pemeliza]

Thanks NSR, your post read like a bullet list of exactly why short sales should be abolished. Hey, props to the buyer of Camphor. They walked through glass and deserved a trophy property well below market for their efforts. Screw the consequences.

[pemeliza]

Thanks NSR, your post read like a bullet list of exactly why short sales should be abolished. Hey, props to the buyer of Camphor. They walked through glass and deserved a trophy property well below market for their efforts. Screw the consequences.

[pemeliza]

Thanks NSR, your post read like a bullet list of exactly why short sales should be abolished. Hey, props to the buyer of Camphor. They walked through glass and deserved a trophy property well below market for their efforts. Screw the consequences.

[SD Realtor]

It is not fair to others on this site to indulge your lifestyle which is to sit around all day on your computer.

This is my last response to you on this thread.

Which part of my post was “jumping to conclusions?”

**pick your favorite**

Instead, they are believing the delinquent seller’s listing agent’s (friend/church buddy/relative?) bogus comps that are sent with an offer which will allow their broker to double end the commission.

**Really? How do you know the listing agent even sent any comps? How do you know they believed them if they did? I have not been asked to send comps on any of my short sales. This is what BPOs and appraisals are for and why they are done by independent agents. I am sure you already knew that.

Not necessarily the HIGHEST, but the BEST for the LISTING AGENT/BROKER and/or consisting of special out-of-escrow “perks” for his/her deadbeat sellers (who should be grateful they are even getting out of their [frequently ATM’ed to death] albatross). If the first TD holder had accepted researcher9’s offer, they may have been ABLE to satisfy the 2nd TD holder’s requirements.

**Sorry to say but this is jumping to a conclusion. Once more you have no proof of any of the above. Sorry but a posting on a website with someone who did not submit a written offer and we have no evidence of when the call was made as opposed to when the other offer may have been accepted. Furthermore as usual you are wrong and the payment was not made out of escrow. It was made in escrow and paid directly to the 2nd. You cannot make any payments OUT OF ESCROW. Do you think you can just drive to the lender and hand them a check? Furthermore this does not benefit the seller at all. It completes a short sale. The alternative is that the seller continues to live there for free being a deadbeat and the home goes to foreclosure. This may take months or years. The seller may let the house go and it looks like a piece of crap in the meantime. Letting the seller live there for that long free to me is placating the seller.

***************

Your post is an apt description of the “bribes” that I have no doubt take place to get the “short sale” of today done and I do agree that for a “winning” (lol) buyer, having only 20% of the purchase price on hand is low (depending on area of property).

**Really this is not jumping to any conclusion? How is what nsr posted a bribe? So why don’t you poll all the other people who have posted on here and ask what bribes they submitted? I am curious. Sounds like a great business.

**************

As for my short sale the payment made directly to the second was specified on the final HUD made through escrow. That is the only way to do it. The sales price is what is on the contract. I have no idea what the assessed value was for the home. If the assessor believes the sales price is to low, they can assess the home at whatever price they believe is market value. This is true for any REO, short sale and even properties purchased at trustee sale.

**************

Your broken recording of the current process not working is nothing that anyone argues with. You don’t solve any problems, nor do you actually help people find homes. It is much easier to sit around all day, post on line, complain about things, and then tell people what you would have done.

We all know the system sucks, we all know it is hard as crap to get the home you want and that there is corruption. Believe it or not some people deal with it and get over the hump and get the home they want in spite of that.

[SD Realtor]

It is not fair to others on this site to indulge your lifestyle which is to sit around all day on your computer.

This is my last response to you on this thread.

Which part of my post was “jumping to conclusions?”

**pick your favorite**

Instead, they are believing the delinquent seller’s listing agent’s (friend/church buddy/relative?) bogus comps that are sent with an offer which will allow their broker to double end the commission.

**Really? How do you know the listing agent even sent any comps? How do you know they believed them if they did? I have not been asked to send comps on any of my short sales. This is what BPOs and appraisals are for and why they are done by independent agents. I am sure you already knew that.

Not necessarily the HIGHEST, but the BEST for the LISTING AGENT/BROKER and/or consisting of special out-of-escrow “perks” for his/her deadbeat sellers (who should be grateful they are even getting out of their [frequently ATM’ed to death] albatross). If the first TD holder had accepted researcher9’s offer, they may have been ABLE to satisfy the 2nd TD holder’s requirements.

**Sorry to say but this is jumping to a conclusion. Once more you have no proof of any of the above. Sorry but a posting on a website with someone who did not submit a written offer and we have no evidence of when the call was made as opposed to when the other offer may have been accepted. Furthermore as usual you are wrong and the payment was not made out of escrow. It was made in escrow and paid directly to the 2nd. You cannot make any payments OUT OF ESCROW. Do you think you can just drive to the lender and hand them a check? Furthermore this does not benefit the seller at all. It completes a short sale. The alternative is that the seller continues to live there for free being a deadbeat and the home goes to foreclosure. This may take months or years. The seller may let the house go and it looks like a piece of crap in the meantime. Letting the seller live there for that long free to me is placating the seller.

***************

Your post is an apt description of the “bribes” that I have no doubt take place to get the “short sale” of today done and I do agree that for a “winning” (lol) buyer, having only 20% of the purchase price on hand is low (depending on area of property).

**Really this is not jumping to any conclusion? How is what nsr posted a bribe? So why don’t you poll all the other people who have posted on here and ask what bribes they submitted? I am curious. Sounds like a great business.

**************

As for my short sale the payment made directly to the second was specified on the final HUD made through escrow. That is the only way to do it. The sales price is what is on the contract. I have no idea what the assessed value was for the home. If the assessor believes the sales price is to low, they can assess the home at whatever price they believe is market value. This is true for any REO, short sale and even properties purchased at trustee sale.

**************

Your broken recording of the current process not working is nothing that anyone argues with. You don’t solve any problems, nor do you actually help people find homes. It is much easier to sit around all day, post on line, complain about things, and then tell people what you would have done.

We all know the system sucks, we all know it is hard as crap to get the home you want and that there is corruption. Believe it or not some people deal with it and get over the hump and get the home they want in spite of that.

[SD Realtor]

It is not fair to others on this site to indulge your lifestyle which is to sit around all day on your computer.

This is my last response to you on this thread.

Which part of my post was “jumping to conclusions?”

**pick your favorite**

Instead, they are believing the delinquent seller’s listing agent’s (friend/church buddy/relative?) bogus comps that are sent with an offer which will allow their broker to double end the commission.

**Really? How do you know the listing agent even sent any comps? How do you know they believed them if they did? I have not been asked to send comps on any of my short sales. This is what BPOs and appraisals are for and why they are done by independent agents. I am sure you already knew that.

Not necessarily the HIGHEST, but the BEST for the LISTING AGENT/BROKER and/or consisting of special out-of-escrow “perks” for his/her deadbeat sellers (who should be grateful they are even getting out of their [frequently ATM’ed to death] albatross). If the first TD holder had accepted researcher9’s offer, they may have been ABLE to satisfy the 2nd TD holder’s requirements.

**Sorry to say but this is jumping to a conclusion. Once more you have no proof of any of the above. Sorry but a posting on a website with someone who did not submit a written offer and we have no evidence of when the call was made as opposed to when the other offer may have been accepted. Furthermore as usual you are wrong and the payment was not made out of escrow. It was made in escrow and paid directly to the 2nd. You cannot make any payments OUT OF ESCROW. Do you think you can just drive to the lender and hand them a check? Furthermore this does not benefit the seller at all. It completes a short sale. The alternative is that the seller continues to live there for free being a deadbeat and the home goes to foreclosure. This may take months or years. The seller may let the house go and it looks like a piece of crap in the meantime. Letting the seller live there for that long free to me is placating the seller.

***************

Your post is an apt description of the “bribes” that I have no doubt take place to get the “short sale” of today done and I do agree that for a “winning” (lol) buyer, having only 20% of the purchase price on hand is low (depending on area of property).

**Really this is not jumping to any conclusion? How is what nsr posted a bribe? So why don’t you poll all the other people who have posted on here and ask what bribes they submitted? I am curious. Sounds like a great business.

**************

As for my short sale the payment made directly to the second was specified on the final HUD made through escrow. That is the only way to do it. The sales price is what is on the contract. I have no idea what the assessed value was for the home. If the assessor believes the sales price is to low, they can assess the home at whatever price they believe is market value. This is true for any REO, short sale and even properties purchased at trustee sale.

**************

Your broken recording of the current process not working is nothing that anyone argues with. You don’t solve any problems, nor do you actually help people find homes. It is much easier to sit around all day, post on line, complain about things, and then tell people what you would have done.

We all know the system sucks, we all know it is hard as crap to get the home you want and that there is corruption. Believe it or not some people deal with it and get over the hump and get the home they want in spite of that.

[SD Realtor]

It is not fair to others on this site to indulge your lifestyle which is to sit around all day on your computer.

This is my last response to you on this thread.

Which part of my post was “jumping to conclusions?”

**pick your favorite**

Instead, they are believing the delinquent seller’s listing agent’s (friend/church buddy/relative?) bogus comps that are sent with an offer which will allow their broker to double end the commission.

**Really? How do you know the listing agent even sent any comps? How do you know they believed them if they did? I have not been asked to send comps on any of my short sales. This is what BPOs and appraisals are for and why they are done by independent agents. I am sure you already knew that.

Not necessarily the HIGHEST, but the BEST for the LISTING AGENT/BROKER and/or consisting of special out-of-escrow “perks” for his/her deadbeat sellers (who should be grateful they are even getting out of their [frequently ATM’ed to death] albatross). If the first TD holder had accepted researcher9’s offer, they may have been ABLE to satisfy the 2nd TD holder’s requirements.

**Sorry to say but this is jumping to a conclusion. Once more you have no proof of any of the above. Sorry but a posting on a website with someone who did not submit a written offer and we have no evidence of when the call was made as opposed to when the other offer may have been accepted. Furthermore as usual you are wrong and the payment was not made out of escrow. It was made in escrow and paid directly to the 2nd. You cannot make any payments OUT OF ESCROW. Do you think you can just drive to the lender and hand them a check? Furthermore this does not benefit the seller at all. It completes a short sale. The alternative is that the seller continues to live there for free being a deadbeat and the home goes to foreclosure. This may take months or years. The seller may let the house go and it looks like a piece of crap in the meantime. Letting the seller live there for that long free to me is placating the seller.

***************

Your post is an apt description of the “bribes” that I have no doubt take place to get the “short sale” of today done and I do agree that for a “winning” (lol) buyer, having only 20% of the purchase price on hand is low (depending on area of property).

**Really this is not jumping to any conclusion? How is what nsr posted a bribe? So why don’t you poll all the other people who have posted on here and ask what bribes they submitted? I am curious. Sounds like a great business.

**************

As for my short sale the payment made directly to the second was specified on the final HUD made through escrow. That is the only way to do it. The sales price is what is on the contract. I have no idea what the assessed value was for the home. If the assessor believes the sales price is to low, they can assess the home at whatever price they believe is market value. This is true for any REO, short sale and even properties purchased at trustee sale.

**************

Your broken recording of the current process not working is nothing that anyone argues with. You don’t solve any problems, nor do you actually help people find homes. It is much easier to sit around all day, post on line, complain about things, and then tell people what you would have done.

We all know the system sucks, we all know it is hard as crap to get the home you want and that there is corruption. Believe it or not some people deal with it and get over the hump and get the home they want in spite of that.

[Author]

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