- This topic has 120 replies, 13 voices, and was last updated 15 years, 4 months ago by
sdrealtor.
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January 18, 2009 at 10:23 AM #331373January 18, 2009 at 10:36 AM #330858
PadreBrian
ParticipantThere were two by me, I watched them from the NOD all the way to the sale. From the courthouse steps it took the banks 3-4 months to prep them for sale, another 2-3 to sale.
No secret Bush conspiracy, just lazy/slow banks.
January 18, 2009 at 10:36 AM #331195ParticipantThere were two by me, I watched them from the NOD all the way to the sale. From the courthouse steps it took the banks 3-4 months to prep them for sale, another 2-3 to sale.
No secret Bush conspiracy, just lazy/slow banks.
January 18, 2009 at 10:36 AM #331271ParticipantThere were two by me, I watched them from the NOD all the way to the sale. From the courthouse steps it took the banks 3-4 months to prep them for sale, another 2-3 to sale.
No secret Bush conspiracy, just lazy/slow banks.
January 18, 2009 at 10:36 AM #331298ParticipantThere were two by me, I watched them from the NOD all the way to the sale. From the courthouse steps it took the banks 3-4 months to prep them for sale, another 2-3 to sale.
No secret Bush conspiracy, just lazy/slow banks.
January 18, 2009 at 10:36 AM #331384ParticipantThere were two by me, I watched them from the NOD all the way to the sale. From the courthouse steps it took the banks 3-4 months to prep them for sale, another 2-3 to sale.
No secret Bush conspiracy, just lazy/slow banks.
January 18, 2009 at 11:22 AM #330873SD Realtor
ParticipantJim I have seen a variance from trustee sale date to a property being active on the MLS from a few weeks to a few months.
My assumption has always been that the processing component varies from lender to lender and even from property to property within the same lender. However I never really believed, (and still dont) that it is a concerted effort by the lenders to hold inventory off market so they don’t flood the market.
I still feel that way.
What do you think?
January 18, 2009 at 11:22 AM #331210ParticipantJim I have seen a variance from trustee sale date to a property being active on the MLS from a few weeks to a few months.
My assumption has always been that the processing component varies from lender to lender and even from property to property within the same lender. However I never really believed, (and still dont) that it is a concerted effort by the lenders to hold inventory off market so they don’t flood the market.
I still feel that way.
What do you think?
January 18, 2009 at 11:22 AM #331286ParticipantJim I have seen a variance from trustee sale date to a property being active on the MLS from a few weeks to a few months.
My assumption has always been that the processing component varies from lender to lender and even from property to property within the same lender. However I never really believed, (and still dont) that it is a concerted effort by the lenders to hold inventory off market so they don’t flood the market.
I still feel that way.
What do you think?
January 18, 2009 at 11:22 AM #331314ParticipantJim I have seen a variance from trustee sale date to a property being active on the MLS from a few weeks to a few months.
My assumption has always been that the processing component varies from lender to lender and even from property to property within the same lender. However I never really believed, (and still dont) that it is a concerted effort by the lenders to hold inventory off market so they don’t flood the market.
I still feel that way.
What do you think?
January 18, 2009 at 11:22 AM #331399ParticipantJim I have seen a variance from trustee sale date to a property being active on the MLS from a few weeks to a few months.
My assumption has always been that the processing component varies from lender to lender and even from property to property within the same lender. However I never really believed, (and still dont) that it is a concerted effort by the lenders to hold inventory off market so they don’t flood the market.
I still feel that way.
What do you think?
January 18, 2009 at 7:53 PM #331020jimg111
ParticipantListing agent doesn’t determine the listing price, the selling bank does. Listing agent submits their valuation, then an appraisal ordered and another agent valuation for the bank to determine where (value) they would like to list it. Unless the listing bank agrees to a strategy of lowball listing price to attract multiple offers, which I doubt, the agent is probably coming in with a low value on the original valuation. Some banks will fire you for repeated low ball values as they rely on the agent to give them honest information on what price the asset will sell at in roughly 30-60 days.
January 18, 2009 at 7:53 PM #331356ParticipantListing agent doesn’t determine the listing price, the selling bank does. Listing agent submits their valuation, then an appraisal ordered and another agent valuation for the bank to determine where (value) they would like to list it. Unless the listing bank agrees to a strategy of lowball listing price to attract multiple offers, which I doubt, the agent is probably coming in with a low value on the original valuation. Some banks will fire you for repeated low ball values as they rely on the agent to give them honest information on what price the asset will sell at in roughly 30-60 days.
January 18, 2009 at 7:53 PM #331434ParticipantListing agent doesn’t determine the listing price, the selling bank does. Listing agent submits their valuation, then an appraisal ordered and another agent valuation for the bank to determine where (value) they would like to list it. Unless the listing bank agrees to a strategy of lowball listing price to attract multiple offers, which I doubt, the agent is probably coming in with a low value on the original valuation. Some banks will fire you for repeated low ball values as they rely on the agent to give them honest information on what price the asset will sell at in roughly 30-60 days.
January 18, 2009 at 7:53 PM #331462ParticipantListing agent doesn’t determine the listing price, the selling bank does. Listing agent submits their valuation, then an appraisal ordered and another agent valuation for the bank to determine where (value) they would like to list it. Unless the listing bank agrees to a strategy of lowball listing price to attract multiple offers, which I doubt, the agent is probably coming in with a low value on the original valuation. Some banks will fire you for repeated low ball values as they rely on the agent to give them honest information on what price the asset will sell at in roughly 30-60 days.
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