Home › Forums › Closed Forums › Buying and Selling RE › Poor behavior is alive and well
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SD Realtor.
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August 21, 2008 at 12:09 AM #259617August 21, 2008 at 2:20 AM #259345
NotCranky
ParticipantWhy is anyone surprised? You have to stay detached with short sales no matter what the story is. Too many variables to kick you this way or that, including manipulative agents. In this case, I guess the agent was keeping keeping back-up offers alive to the best of her ability?It could be anything. Maybe they even used your offer to solicit others in an informal auction style in the office.As a buyer or a buyer’s agent I would expect something like this to happen and be glad if it didn’t. This is certainly a bizarre way to buy something. The dynamics of house trading are messed up. Buyer beware and take care.
SDR & JC, you will get something better.
There is going be fraudulent deal steering of REO’s and short sales too. This is probably not a case, but I bet piggs pick up on some sooner or later.
August 21, 2008 at 2:20 AM #259536ParticipantWhy is anyone surprised? You have to stay detached with short sales no matter what the story is. Too many variables to kick you this way or that, including manipulative agents. In this case, I guess the agent was keeping keeping back-up offers alive to the best of her ability?It could be anything. Maybe they even used your offer to solicit others in an informal auction style in the office.As a buyer or a buyer’s agent I would expect something like this to happen and be glad if it didn’t. This is certainly a bizarre way to buy something. The dynamics of house trading are messed up. Buyer beware and take care.
SDR & JC, you will get something better.
There is going be fraudulent deal steering of REO’s and short sales too. This is probably not a case, but I bet piggs pick up on some sooner or later.
August 21, 2008 at 2:20 AM #259549ParticipantWhy is anyone surprised? You have to stay detached with short sales no matter what the story is. Too many variables to kick you this way or that, including manipulative agents. In this case, I guess the agent was keeping keeping back-up offers alive to the best of her ability?It could be anything. Maybe they even used your offer to solicit others in an informal auction style in the office.As a buyer or a buyer’s agent I would expect something like this to happen and be glad if it didn’t. This is certainly a bizarre way to buy something. The dynamics of house trading are messed up. Buyer beware and take care.
SDR & JC, you will get something better.
There is going be fraudulent deal steering of REO’s and short sales too. This is probably not a case, but I bet piggs pick up on some sooner or later.
August 21, 2008 at 2:20 AM #259597ParticipantWhy is anyone surprised? You have to stay detached with short sales no matter what the story is. Too many variables to kick you this way or that, including manipulative agents. In this case, I guess the agent was keeping keeping back-up offers alive to the best of her ability?It could be anything. Maybe they even used your offer to solicit others in an informal auction style in the office.As a buyer or a buyer’s agent I would expect something like this to happen and be glad if it didn’t. This is certainly a bizarre way to buy something. The dynamics of house trading are messed up. Buyer beware and take care.
SDR & JC, you will get something better.
There is going be fraudulent deal steering of REO’s and short sales too. This is probably not a case, but I bet piggs pick up on some sooner or later.
August 21, 2008 at 2:20 AM #259639ParticipantWhy is anyone surprised? You have to stay detached with short sales no matter what the story is. Too many variables to kick you this way or that, including manipulative agents. In this case, I guess the agent was keeping keeping back-up offers alive to the best of her ability?It could be anything. Maybe they even used your offer to solicit others in an informal auction style in the office.As a buyer or a buyer’s agent I would expect something like this to happen and be glad if it didn’t. This is certainly a bizarre way to buy something. The dynamics of house trading are messed up. Buyer beware and take care.
SDR & JC, you will get something better.
There is going be fraudulent deal steering of REO’s and short sales too. This is probably not a case, but I bet piggs pick up on some sooner or later.
August 21, 2008 at 4:18 AM #259353surveyor
Participant[quote=Shadowfax]Dan,
1st: Congrats on the kid–boy or girl? Kudos to the wife–she did all the work. 😉
2nd: PUT THE F*^$#-ING COMPUTER AWAY AND BOND WITH YOUR BABY! Oh, and change a diaper or two and give some attention to your wife.
[/quote]I bonded pretty effectively with my first daughter. Would hold her while playing Starcraft online.
Anyways, Dan, congratulations!
August 21, 2008 at 4:18 AM #259546Participant[quote=Shadowfax]Dan,
1st: Congrats on the kid–boy or girl? Kudos to the wife–she did all the work. 😉
2nd: PUT THE F*^$#-ING COMPUTER AWAY AND BOND WITH YOUR BABY! Oh, and change a diaper or two and give some attention to your wife.
[/quote]I bonded pretty effectively with my first daughter. Would hold her while playing Starcraft online.
Anyways, Dan, congratulations!
August 21, 2008 at 4:18 AM #259559Participant[quote=Shadowfax]Dan,
1st: Congrats on the kid–boy or girl? Kudos to the wife–she did all the work. 😉
2nd: PUT THE F*^$#-ING COMPUTER AWAY AND BOND WITH YOUR BABY! Oh, and change a diaper or two and give some attention to your wife.
[/quote]I bonded pretty effectively with my first daughter. Would hold her while playing Starcraft online.
Anyways, Dan, congratulations!
August 21, 2008 at 4:18 AM #259607Participant[quote=Shadowfax]Dan,
1st: Congrats on the kid–boy or girl? Kudos to the wife–she did all the work. 😉
2nd: PUT THE F*^$#-ING COMPUTER AWAY AND BOND WITH YOUR BABY! Oh, and change a diaper or two and give some attention to your wife.
[/quote]I bonded pretty effectively with my first daughter. Would hold her while playing Starcraft online.
Anyways, Dan, congratulations!
August 21, 2008 at 4:18 AM #259650Participant[quote=Shadowfax]Dan,
1st: Congrats on the kid–boy or girl? Kudos to the wife–she did all the work. 😉
2nd: PUT THE F*^$#-ING COMPUTER AWAY AND BOND WITH YOUR BABY! Oh, and change a diaper or two and give some attention to your wife.
[/quote]I bonded pretty effectively with my first daughter. Would hold her while playing Starcraft online.
Anyways, Dan, congratulations!
August 21, 2008 at 8:29 AM #259388SD Realtor
ParticipantRustico your point is absolutely correct. However there is a point of ethics that cannot be dismissed. In the case that Asianautica brought up it seems peculiar that an agent would be used to sell a home to a family member. As sdr brought up I don’t see how a lender would authorize a short sale in that fashion. Further exploring, the same agency was used indicating they will get both sides of the transaction. Finally for the listing agent to lock into that offer after the home was on the market for a few days, and thus decline taking other offers is absolutely providing poor representation. Thus the seller will not get top dollar nor will the bank. This is effectively not providing a top notch fiduciary obligation to the seller and bank.
The other case that JC mentioned is sad not because someone else came along. As you mentioned those are the breaks with short sales, however the stringing along by the listing agent is what JC is most upset by. My read is that the listing agent had the other offer for awhile and used JC as a backup in case her offer crashed and burned. Just my guess but again all that JC was really asking for was not to be strung along.
Your point is VERY correct though… Don’t get attached to those short sales until you received the lien release. Agreed also about your points that handpicking may/is going on with REOs as well.
August 21, 2008 at 8:29 AM #259581ParticipantRustico your point is absolutely correct. However there is a point of ethics that cannot be dismissed. In the case that Asianautica brought up it seems peculiar that an agent would be used to sell a home to a family member. As sdr brought up I don’t see how a lender would authorize a short sale in that fashion. Further exploring, the same agency was used indicating they will get both sides of the transaction. Finally for the listing agent to lock into that offer after the home was on the market for a few days, and thus decline taking other offers is absolutely providing poor representation. Thus the seller will not get top dollar nor will the bank. This is effectively not providing a top notch fiduciary obligation to the seller and bank.
The other case that JC mentioned is sad not because someone else came along. As you mentioned those are the breaks with short sales, however the stringing along by the listing agent is what JC is most upset by. My read is that the listing agent had the other offer for awhile and used JC as a backup in case her offer crashed and burned. Just my guess but again all that JC was really asking for was not to be strung along.
Your point is VERY correct though… Don’t get attached to those short sales until you received the lien release. Agreed also about your points that handpicking may/is going on with REOs as well.
August 21, 2008 at 8:29 AM #259594ParticipantRustico your point is absolutely correct. However there is a point of ethics that cannot be dismissed. In the case that Asianautica brought up it seems peculiar that an agent would be used to sell a home to a family member. As sdr brought up I don’t see how a lender would authorize a short sale in that fashion. Further exploring, the same agency was used indicating they will get both sides of the transaction. Finally for the listing agent to lock into that offer after the home was on the market for a few days, and thus decline taking other offers is absolutely providing poor representation. Thus the seller will not get top dollar nor will the bank. This is effectively not providing a top notch fiduciary obligation to the seller and bank.
The other case that JC mentioned is sad not because someone else came along. As you mentioned those are the breaks with short sales, however the stringing along by the listing agent is what JC is most upset by. My read is that the listing agent had the other offer for awhile and used JC as a backup in case her offer crashed and burned. Just my guess but again all that JC was really asking for was not to be strung along.
Your point is VERY correct though… Don’t get attached to those short sales until you received the lien release. Agreed also about your points that handpicking may/is going on with REOs as well.
August 21, 2008 at 8:29 AM #259642ParticipantRustico your point is absolutely correct. However there is a point of ethics that cannot be dismissed. In the case that Asianautica brought up it seems peculiar that an agent would be used to sell a home to a family member. As sdr brought up I don’t see how a lender would authorize a short sale in that fashion. Further exploring, the same agency was used indicating they will get both sides of the transaction. Finally for the listing agent to lock into that offer after the home was on the market for a few days, and thus decline taking other offers is absolutely providing poor representation. Thus the seller will not get top dollar nor will the bank. This is effectively not providing a top notch fiduciary obligation to the seller and bank.
The other case that JC mentioned is sad not because someone else came along. As you mentioned those are the breaks with short sales, however the stringing along by the listing agent is what JC is most upset by. My read is that the listing agent had the other offer for awhile and used JC as a backup in case her offer crashed and burned. Just my guess but again all that JC was really asking for was not to be strung along.
Your point is VERY correct though… Don’t get attached to those short sales until you received the lien release. Agreed also about your points that handpicking may/is going on with REOs as well.
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