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  • October 23, 2008 at 8:17 AM #14268
    lostcat92120
    Participant

    If my property valude drops by 50% and the title and loan is in my wife’s name, can she short sell to me?

    October 23, 2008 at 8:23 AM #291466
    temeculaguy
    Participant

    No, the entire short process is designed to prevent that, you also can’t short to anyone you are related to or know or have ever known or may know. Nice try though.

    To protect the bank, they also make sure you list on the mls and they get all offers from the public and have an independant realtor estimate the value to ensure they aren’t getting screwed. Even then, they don’t always approve the short, one of the factors is the seller being able to prove they can’t afford it any longer, they will want more docs than a full doc loan.

    October 23, 2008 at 8:23 AM #291861
    temeculaguy
    Participant

    No, the entire short process is designed to prevent that, you also can’t short to anyone you are related to or know or have ever known or may know. Nice try though.

    To protect the bank, they also make sure you list on the mls and they get all offers from the public and have an independant realtor estimate the value to ensure they aren’t getting screwed. Even then, they don’t always approve the short, one of the factors is the seller being able to prove they can’t afford it any longer, they will want more docs than a full doc loan.

    October 23, 2008 at 8:23 AM #291784
    temeculaguy
    Participant

    No, the entire short process is designed to prevent that, you also can’t short to anyone you are related to or know or have ever known or may know. Nice try though.

    To protect the bank, they also make sure you list on the mls and they get all offers from the public and have an independant realtor estimate the value to ensure they aren’t getting screwed. Even then, they don’t always approve the short, one of the factors is the seller being able to prove they can’t afford it any longer, they will want more docs than a full doc loan.

    October 23, 2008 at 8:23 AM #291817
    temeculaguy
    Participant

    No, the entire short process is designed to prevent that, you also can’t short to anyone you are related to or know or have ever known or may know. Nice try though.

    To protect the bank, they also make sure you list on the mls and they get all offers from the public and have an independant realtor estimate the value to ensure they aren’t getting screwed. Even then, they don’t always approve the short, one of the factors is the seller being able to prove they can’t afford it any longer, they will want more docs than a full doc loan.

    October 23, 2008 at 8:23 AM #291823
    temeculaguy
    Participant

    No, the entire short process is designed to prevent that, you also can’t short to anyone you are related to or know or have ever known or may know. Nice try though.

    To protect the bank, they also make sure you list on the mls and they get all offers from the public and have an independant realtor estimate the value to ensure they aren’t getting screwed. Even then, they don’t always approve the short, one of the factors is the seller being able to prove they can’t afford it any longer, they will want more docs than a full doc loan.

    October 23, 2008 at 8:38 AM #291476
    lostcat92120
    Participant

    You mean short-sales are regulated? Amazing what a bank will do to protect themselves.

    October 23, 2008 at 8:38 AM #291870
    lostcat92120
    Participant

    You mean short-sales are regulated? Amazing what a bank will do to protect themselves.

    October 23, 2008 at 8:38 AM #291794
    lostcat92120
    Participant

    You mean short-sales are regulated? Amazing what a bank will do to protect themselves.

    October 23, 2008 at 8:38 AM #291827
    lostcat92120
    Participant

    You mean short-sales are regulated? Amazing what a bank will do to protect themselves.

    October 23, 2008 at 8:38 AM #291833
    lostcat92120
    Participant

    You mean short-sales are regulated? Amazing what a bank will do to protect themselves.

    October 23, 2008 at 8:56 AM #291843
    urbanrealtor
    Participant

    The irony is that they make the process so difficult that they often push people to foreclosure.

    I am working on 2 now where I am the listing agent and in both cases we are going round and round over 5,000 dollars.

    Its remarkably silly.

    October 23, 2008 at 8:56 AM #291880
    urbanrealtor
    Participant

    The irony is that they make the process so difficult that they often push people to foreclosure.

    I am working on 2 now where I am the listing agent and in both cases we are going round and round over 5,000 dollars.

    Its remarkably silly.

    October 23, 2008 at 8:56 AM #291837
    urbanrealtor
    Participant

    The irony is that they make the process so difficult that they often push people to foreclosure.

    I am working on 2 now where I am the listing agent and in both cases we are going round and round over 5,000 dollars.

    Its remarkably silly.

    October 23, 2008 at 8:56 AM #291804
    urbanrealtor
    Participant

    The irony is that they make the process so difficult that they often push people to foreclosure.

    I am working on 2 now where I am the listing agent and in both cases we are going round and round over 5,000 dollars.

    Its remarkably silly.

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