Home › Forums › Closed Forums › Properties or Areas › sdr/SDR, how can this not be fraud???
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CA renter.
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July 3, 2009 at 9:03 AM #425294July 3, 2009 at 1:46 PM #424657
urbanrealtor
Participant[quote=DataAgent]”One of my last short listings had an offer accepted within 2 hrs of going live.”
Did the lender accept the deal?
[/quote]Sort of.
They came back asking for 20k more and the comps did not support that.
The buyer came back offering 10 more and the lender was good with it.
There is room for slippage here.
July 3, 2009 at 1:46 PM #424889Participant[quote=DataAgent]”One of my last short listings had an offer accepted within 2 hrs of going live.”
Did the lender accept the deal?
[/quote]Sort of.
They came back asking for 20k more and the comps did not support that.
The buyer came back offering 10 more and the lender was good with it.
There is room for slippage here.
July 3, 2009 at 1:46 PM #425172Participant[quote=DataAgent]”One of my last short listings had an offer accepted within 2 hrs of going live.”
Did the lender accept the deal?
[/quote]Sort of.
They came back asking for 20k more and the comps did not support that.
The buyer came back offering 10 more and the lender was good with it.
There is room for slippage here.
July 3, 2009 at 1:46 PM #425242Participant[quote=DataAgent]”One of my last short listings had an offer accepted within 2 hrs of going live.”
Did the lender accept the deal?
[/quote]Sort of.
They came back asking for 20k more and the comps did not support that.
The buyer came back offering 10 more and the lender was good with it.
There is room for slippage here.
July 3, 2009 at 1:46 PM #425406Participant[quote=DataAgent]”One of my last short listings had an offer accepted within 2 hrs of going live.”
Did the lender accept the deal?
[/quote]Sort of.
They came back asking for 20k more and the comps did not support that.
The buyer came back offering 10 more and the lender was good with it.
There is room for slippage here.
July 3, 2009 at 1:59 PM #424662CA renter
Participantubranrealtor wrote:
As an agent, I don´t read the bailout package notices when I list a property. My client is the seller, not the bank or uncle sam.
—————–And herein lies the problem, IMHO.
If the taxpayers are bailing out the financial industry (and there is NO doubt that we are), then it is the **lender** who should see all offers and accept the highest/best offer that reduces the liability for the taxpayers.
I’m not talking about what current law dictates; I’m talking about common sense — the fact that it is the BANK taking the loss, so what the over-encumbered “seller” wants is irrelevant.
This stinks of an inside deal, and our representatives have got to put a stop to this garbage!
July 3, 2009 at 1:59 PM #424894Participantubranrealtor wrote:
As an agent, I don´t read the bailout package notices when I list a property. My client is the seller, not the bank or uncle sam.
—————–And herein lies the problem, IMHO.
If the taxpayers are bailing out the financial industry (and there is NO doubt that we are), then it is the **lender** who should see all offers and accept the highest/best offer that reduces the liability for the taxpayers.
I’m not talking about what current law dictates; I’m talking about common sense — the fact that it is the BANK taking the loss, so what the over-encumbered “seller” wants is irrelevant.
This stinks of an inside deal, and our representatives have got to put a stop to this garbage!
July 3, 2009 at 1:59 PM #425177Participantubranrealtor wrote:
As an agent, I don´t read the bailout package notices when I list a property. My client is the seller, not the bank or uncle sam.
—————–And herein lies the problem, IMHO.
If the taxpayers are bailing out the financial industry (and there is NO doubt that we are), then it is the **lender** who should see all offers and accept the highest/best offer that reduces the liability for the taxpayers.
I’m not talking about what current law dictates; I’m talking about common sense — the fact that it is the BANK taking the loss, so what the over-encumbered “seller” wants is irrelevant.
This stinks of an inside deal, and our representatives have got to put a stop to this garbage!
July 3, 2009 at 1:59 PM #425247Participantubranrealtor wrote:
As an agent, I don´t read the bailout package notices when I list a property. My client is the seller, not the bank or uncle sam.
—————–And herein lies the problem, IMHO.
If the taxpayers are bailing out the financial industry (and there is NO doubt that we are), then it is the **lender** who should see all offers and accept the highest/best offer that reduces the liability for the taxpayers.
I’m not talking about what current law dictates; I’m talking about common sense — the fact that it is the BANK taking the loss, so what the over-encumbered “seller” wants is irrelevant.
This stinks of an inside deal, and our representatives have got to put a stop to this garbage!
July 3, 2009 at 1:59 PM #425411Participantubranrealtor wrote:
As an agent, I don´t read the bailout package notices when I list a property. My client is the seller, not the bank or uncle sam.
—————–And herein lies the problem, IMHO.
If the taxpayers are bailing out the financial industry (and there is NO doubt that we are), then it is the **lender** who should see all offers and accept the highest/best offer that reduces the liability for the taxpayers.
I’m not talking about what current law dictates; I’m talking about common sense — the fact that it is the BANK taking the loss, so what the over-encumbered “seller” wants is irrelevant.
This stinks of an inside deal, and our representatives have got to put a stop to this garbage!
July 3, 2009 at 1:59 PM #424667briansd1
GuestI keep on saying that if short sales were so easy to obtain, then why wouldn’t everyone want to go do one?
Sell to your best friend/relative, split the difference, then buy back the house later.
July 3, 2009 at 1:59 PM #424900GuestI keep on saying that if short sales were so easy to obtain, then why wouldn’t everyone want to go do one?
Sell to your best friend/relative, split the difference, then buy back the house later.
July 3, 2009 at 1:59 PM #425182GuestI keep on saying that if short sales were so easy to obtain, then why wouldn’t everyone want to go do one?
Sell to your best friend/relative, split the difference, then buy back the house later.
July 3, 2009 at 1:59 PM #425252GuestI keep on saying that if short sales were so easy to obtain, then why wouldn’t everyone want to go do one?
Sell to your best friend/relative, split the difference, then buy back the house later.
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