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urbanrealtor.
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November 19, 2009 at 4:32 PM #484427November 19, 2009 at 5:07 PM #485080
urbanrealtor
Participant[quote=SD Squatter]I wonder how widespread this sham is in San Diego area. It seems that quite a few listings appear to be placed “on ice”, typically listed as “not accepting any more offers at this time”or “pending” and that on the first day a property is listed. And then there are these “mailbox full” answering machines…[/quote]
My short sale listings generally go contingent or pending the first day.
That cuz they are cheap and get lots of offers.
I try (but fail) to return all my calls on these.
November 19, 2009 at 5:07 PM #484996Participant[quote=SD Squatter]I wonder how widespread this sham is in San Diego area. It seems that quite a few listings appear to be placed “on ice”, typically listed as “not accepting any more offers at this time”or “pending” and that on the first day a property is listed. And then there are these “mailbox full” answering machines…[/quote]
My short sale listings generally go contingent or pending the first day.
That cuz they are cheap and get lots of offers.
I try (but fail) to return all my calls on these.
November 19, 2009 at 5:07 PM #484624Participant[quote=SD Squatter]I wonder how widespread this sham is in San Diego area. It seems that quite a few listings appear to be placed “on ice”, typically listed as “not accepting any more offers at this time”or “pending” and that on the first day a property is listed. And then there are these “mailbox full” answering machines…[/quote]
My short sale listings generally go contingent or pending the first day.
That cuz they are cheap and get lots of offers.
I try (but fail) to return all my calls on these.
November 19, 2009 at 5:07 PM #484455Participant[quote=SD Squatter]I wonder how widespread this sham is in San Diego area. It seems that quite a few listings appear to be placed “on ice”, typically listed as “not accepting any more offers at this time”or “pending” and that on the first day a property is listed. And then there are these “mailbox full” answering machines…[/quote]
My short sale listings generally go contingent or pending the first day.
That cuz they are cheap and get lots of offers.
I try (but fail) to return all my calls on these.
November 19, 2009 at 5:07 PM #485311Participant[quote=SD Squatter]I wonder how widespread this sham is in San Diego area. It seems that quite a few listings appear to be placed “on ice”, typically listed as “not accepting any more offers at this time”or “pending” and that on the first day a property is listed. And then there are these “mailbox full” answering machines…[/quote]
My short sale listings generally go contingent or pending the first day.
That cuz they are cheap and get lots of offers.
I try (but fail) to return all my calls on these.
November 19, 2009 at 5:59 PM #484480sdrealtor
ParticipantSd Squater
That would actually be counterproductive and not what someone would do in a short sale flip. In a short sale flip, an investor offers to pay cash in a below market transaction without it actually going on the market. The investor then puts it on the market as a free and clear property. Its never marketed as a short sale.November 19, 2009 at 5:59 PM #484648ParticipantSd Squater
That would actually be counterproductive and not what someone would do in a short sale flip. In a short sale flip, an investor offers to pay cash in a below market transaction without it actually going on the market. The investor then puts it on the market as a free and clear property. Its never marketed as a short sale.November 19, 2009 at 5:59 PM #485336ParticipantSd Squater
That would actually be counterproductive and not what someone would do in a short sale flip. In a short sale flip, an investor offers to pay cash in a below market transaction without it actually going on the market. The investor then puts it on the market as a free and clear property. Its never marketed as a short sale.November 19, 2009 at 5:59 PM #485021ParticipantSd Squater
That would actually be counterproductive and not what someone would do in a short sale flip. In a short sale flip, an investor offers to pay cash in a below market transaction without it actually going on the market. The investor then puts it on the market as a free and clear property. Its never marketed as a short sale.November 19, 2009 at 5:59 PM #485105ParticipantSd Squater
That would actually be counterproductive and not what someone would do in a short sale flip. In a short sale flip, an investor offers to pay cash in a below market transaction without it actually going on the market. The investor then puts it on the market as a free and clear property. Its never marketed as a short sale.November 19, 2009 at 7:19 PM #484678SD Squatter
Participant[quote=sdrealtor]Sd Squater
That would actually be counterproductive and not what someone would do in a short sale flip. In a short sale flip, an investor offers to pay cash in a below market transaction without it actually going on the market. The investor then puts it on the market as a free and clear property. Its never marketed as a short sale.[/quote]Hmm, isn’t the realtor representing the bank under an obligation to put a property on the market and get the highest price possible? If he/she puts the property “on ice” in order to get an artificially low price from the bank through a scheme like this then everything appears legit from the outside. Not listing a property at all would seem like a breach of contract by the realtor.
November 19, 2009 at 7:19 PM #484510Participant[quote=sdrealtor]Sd Squater
That would actually be counterproductive and not what someone would do in a short sale flip. In a short sale flip, an investor offers to pay cash in a below market transaction without it actually going on the market. The investor then puts it on the market as a free and clear property. Its never marketed as a short sale.[/quote]Hmm, isn’t the realtor representing the bank under an obligation to put a property on the market and get the highest price possible? If he/she puts the property “on ice” in order to get an artificially low price from the bank through a scheme like this then everything appears legit from the outside. Not listing a property at all would seem like a breach of contract by the realtor.
November 19, 2009 at 7:19 PM #485366Participant[quote=sdrealtor]Sd Squater
That would actually be counterproductive and not what someone would do in a short sale flip. In a short sale flip, an investor offers to pay cash in a below market transaction without it actually going on the market. The investor then puts it on the market as a free and clear property. Its never marketed as a short sale.[/quote]Hmm, isn’t the realtor representing the bank under an obligation to put a property on the market and get the highest price possible? If he/she puts the property “on ice” in order to get an artificially low price from the bank through a scheme like this then everything appears legit from the outside. Not listing a property at all would seem like a breach of contract by the realtor.
November 19, 2009 at 7:19 PM #485135Participant[quote=sdrealtor]Sd Squater
That would actually be counterproductive and not what someone would do in a short sale flip. In a short sale flip, an investor offers to pay cash in a below market transaction without it actually going on the market. The investor then puts it on the market as a free and clear property. Its never marketed as a short sale.[/quote]Hmm, isn’t the realtor representing the bank under an obligation to put a property on the market and get the highest price possible? If he/she puts the property “on ice” in order to get an artificially low price from the bank through a scheme like this then everything appears legit from the outside. Not listing a property at all would seem like a breach of contract by the realtor.
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