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  • August 27, 2009 at 4:14 PM #450529
    sdrealtor
    Participant

    Exactly, I would just make their vacating the property prior to COE part of the contract if you think it would be a problem. I’ve never had sellers holdover on short sales for what it is worth.

    The real chalenge is twofold. Will the sellers go for it? Equally important, will the lender go for it which is what I offerd to help you with.

    August 27, 2009 at 10:43 PM #449857
    bsrsharma
    Participant

    I think you should stay away from short sales. They are just too messy and slow for any perceptible benefit in this market. If you focus on REOs, you can do much better. In fact, I suggest, focus ONLY on REOs (and not even regular sales). If everyone just bought REOs, the short sale mess will resolve itself fast. Banks will be encouraged to convert more of the defaults into REOs and put it on market faster. Prices will also find their natural equilibrium levels much faster.

    August 27, 2009 at 10:43 PM #450048
    bsrsharma
    Participant

    I think you should stay away from short sales. They are just too messy and slow for any perceptible benefit in this market. If you focus on REOs, you can do much better. In fact, I suggest, focus ONLY on REOs (and not even regular sales). If everyone just bought REOs, the short sale mess will resolve itself fast. Banks will be encouraged to convert more of the defaults into REOs and put it on market faster. Prices will also find their natural equilibrium levels much faster.

    August 27, 2009 at 10:43 PM #450385
    bsrsharma
    Participant

    I think you should stay away from short sales. They are just too messy and slow for any perceptible benefit in this market. If you focus on REOs, you can do much better. In fact, I suggest, focus ONLY on REOs (and not even regular sales). If everyone just bought REOs, the short sale mess will resolve itself fast. Banks will be encouraged to convert more of the defaults into REOs and put it on market faster. Prices will also find their natural equilibrium levels much faster.

    August 27, 2009 at 10:43 PM #450458
    bsrsharma
    Participant

    I think you should stay away from short sales. They are just too messy and slow for any perceptible benefit in this market. If you focus on REOs, you can do much better. In fact, I suggest, focus ONLY on REOs (and not even regular sales). If everyone just bought REOs, the short sale mess will resolve itself fast. Banks will be encouraged to convert more of the defaults into REOs and put it on market faster. Prices will also find their natural equilibrium levels much faster.

    August 27, 2009 at 10:43 PM #450643
    bsrsharma
    Participant

    I think you should stay away from short sales. They are just too messy and slow for any perceptible benefit in this market. If you focus on REOs, you can do much better. In fact, I suggest, focus ONLY on REOs (and not even regular sales). If everyone just bought REOs, the short sale mess will resolve itself fast. Banks will be encouraged to convert more of the defaults into REOs and put it on market faster. Prices will also find their natural equilibrium levels much faster.

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