[SD Realtor]

Urban sometimes you are damned if you do and damned if you don’t. You can pull out stats and many examples about how going directly through the listing agent does not give you the golden ticket such that your offer will be accepted. For the most part your entries will be thought of as solicitations. Kristian Peter does alot of REOs as well, (currently they use TAZA for thier entry system) and there are guys like Earl Gervias at American Eagle as well. Your point, and sdr has said it alot as well is that if you run the numbers it would be surprising how many of these guys actually double end deals. Does it happen? Yes. As much as people think? Probably not. It is understandably frustrating for buyers though. I would also strongly agree it is the small timer onesy/twosy guys that are more susceptible to be a sheister.

Also on the other thread BSR referred to there was a comment about cash being king which is true BUT within limits. It is king for a few percentage points, however if there are lots of contingencies or a longer escrow it is not.

Here is an idea, for anyone out there, if you see an REO and you wanna know how many double ends that particular agent has done or that brokerage list the REO and one of us will post the numbers.

[SD Realtor]

Urban sometimes you are damned if you do and damned if you don’t. You can pull out stats and many examples about how going directly through the listing agent does not give you the golden ticket such that your offer will be accepted. For the most part your entries will be thought of as solicitations. Kristian Peter does alot of REOs as well, (currently they use TAZA for thier entry system) and there are guys like Earl Gervias at American Eagle as well. Your point, and sdr has said it alot as well is that if you run the numbers it would be surprising how many of these guys actually double end deals. Does it happen? Yes. As much as people think? Probably not. It is understandably frustrating for buyers though. I would also strongly agree it is the small timer onesy/twosy guys that are more susceptible to be a sheister.

Also on the other thread BSR referred to there was a comment about cash being king which is true BUT within limits. It is king for a few percentage points, however if there are lots of contingencies or a longer escrow it is not.

Here is an idea, for anyone out there, if you see an REO and you wanna know how many double ends that particular agent has done or that brokerage list the REO and one of us will post the numbers.

[SD Realtor]

Urban sometimes you are damned if you do and damned if you don’t. You can pull out stats and many examples about how going directly through the listing agent does not give you the golden ticket such that your offer will be accepted. For the most part your entries will be thought of as solicitations. Kristian Peter does alot of REOs as well, (currently they use TAZA for thier entry system) and there are guys like Earl Gervias at American Eagle as well. Your point, and sdr has said it alot as well is that if you run the numbers it would be surprising how many of these guys actually double end deals. Does it happen? Yes. As much as people think? Probably not. It is understandably frustrating for buyers though. I would also strongly agree it is the small timer onesy/twosy guys that are more susceptible to be a sheister.

Also on the other thread BSR referred to there was a comment about cash being king which is true BUT within limits. It is king for a few percentage points, however if there are lots of contingencies or a longer escrow it is not.

Here is an idea, for anyone out there, if you see an REO and you wanna know how many double ends that particular agent has done or that brokerage list the REO and one of us will post the numbers.

[SD Realtor]

Urban sometimes you are damned if you do and damned if you don’t. You can pull out stats and many examples about how going directly through the listing agent does not give you the golden ticket such that your offer will be accepted. For the most part your entries will be thought of as solicitations. Kristian Peter does alot of REOs as well, (currently they use TAZA for thier entry system) and there are guys like Earl Gervias at American Eagle as well. Your point, and sdr has said it alot as well is that if you run the numbers it would be surprising how many of these guys actually double end deals. Does it happen? Yes. As much as people think? Probably not. It is understandably frustrating for buyers though. I would also strongly agree it is the small timer onesy/twosy guys that are more susceptible to be a sheister.

Also on the other thread BSR referred to there was a comment about cash being king which is true BUT within limits. It is king for a few percentage points, however if there are lots of contingencies or a longer escrow it is not.

Here is an idea, for anyone out there, if you see an REO and you wanna know how many double ends that particular agent has done or that brokerage list the REO and one of us will post the numbers.

[SD Realtor]

PowayDude that would be very helpful. I was not aware that balance reductions are recorded. I have yet to ever see one recorded but would be very interested to see that.

[SD Realtor]

PowayDude that would be very helpful. I was not aware that balance reductions are recorded. I have yet to ever see one recorded but would be very interested to see that.

[SD Realtor]

PowayDude that would be very helpful. I was not aware that balance reductions are recorded. I have yet to ever see one recorded but would be very interested to see that.

[SD Realtor]

PowayDude that would be very helpful. I was not aware that balance reductions are recorded. I have yet to ever see one recorded but would be very interested to see that.

[SD Realtor]

PowayDude that would be very helpful. I was not aware that balance reductions are recorded. I have yet to ever see one recorded but would be very interested to see that.

[SD Realtor]

I would also agree that it is not a necessity to use the listing agent however I will admit that I know of alot of people that have done it and some of them successfully. Now one of them got the short sale done and the day his loan funded he called me up and asked for an attorney. It seems that the sellers were not leaving the home. Even though the short sale completed, the loan funded, and escrow closed, they weren’t leaving. He asked for my help but I could not help him and I told him he needed to work with the his agent who was the listing agent. So in the end he ended up going through the 3 day notice to quit and had to evict with unlawful detainer and there was also the cost to continue renting his home.

Obviously this is not the norm and in most all cases you will be okay. To me, the best thing your own agent can bring you is an advocate, someone who is at your disposal and 100% looking out for your interest. For many people, they don’t need that and are okay on thier own.

Unfortunately there are those agents and brokerages who double end things and they are not fulfulling thier fidiciary obligation and screwing buyers.

[SD Realtor]

I would also agree that it is not a necessity to use the listing agent however I will admit that I know of alot of people that have done it and some of them successfully. Now one of them got the short sale done and the day his loan funded he called me up and asked for an attorney. It seems that the sellers were not leaving the home. Even though the short sale completed, the loan funded, and escrow closed, they weren’t leaving. He asked for my help but I could not help him and I told him he needed to work with the his agent who was the listing agent. So in the end he ended up going through the 3 day notice to quit and had to evict with unlawful detainer and there was also the cost to continue renting his home.

Obviously this is not the norm and in most all cases you will be okay. To me, the best thing your own agent can bring you is an advocate, someone who is at your disposal and 100% looking out for your interest. For many people, they don’t need that and are okay on thier own.

Unfortunately there are those agents and brokerages who double end things and they are not fulfulling thier fidiciary obligation and screwing buyers.

[SD Realtor]

I would also agree that it is not a necessity to use the listing agent however I will admit that I know of alot of people that have done it and some of them successfully. Now one of them got the short sale done and the day his loan funded he called me up and asked for an attorney. It seems that the sellers were not leaving the home. Even though the short sale completed, the loan funded, and escrow closed, they weren’t leaving. He asked for my help but I could not help him and I told him he needed to work with the his agent who was the listing agent. So in the end he ended up going through the 3 day notice to quit and had to evict with unlawful detainer and there was also the cost to continue renting his home.

Obviously this is not the norm and in most all cases you will be okay. To me, the best thing your own agent can bring you is an advocate, someone who is at your disposal and 100% looking out for your interest. For many people, they don’t need that and are okay on thier own.

Unfortunately there are those agents and brokerages who double end things and they are not fulfulling thier fidiciary obligation and screwing buyers.

[SD Realtor]

I would also agree that it is not a necessity to use the listing agent however I will admit that I know of alot of people that have done it and some of them successfully. Now one of them got the short sale done and the day his loan funded he called me up and asked for an attorney. It seems that the sellers were not leaving the home. Even though the short sale completed, the loan funded, and escrow closed, they weren’t leaving. He asked for my help but I could not help him and I told him he needed to work with the his agent who was the listing agent. So in the end he ended up going through the 3 day notice to quit and had to evict with unlawful detainer and there was also the cost to continue renting his home.

Obviously this is not the norm and in most all cases you will be okay. To me, the best thing your own agent can bring you is an advocate, someone who is at your disposal and 100% looking out for your interest. For many people, they don’t need that and are okay on thier own.

Unfortunately there are those agents and brokerages who double end things and they are not fulfulling thier fidiciary obligation and screwing buyers.

[SD Realtor]

I would also agree that it is not a necessity to use the listing agent however I will admit that I know of alot of people that have done it and some of them successfully. Now one of them got the short sale done and the day his loan funded he called me up and asked for an attorney. It seems that the sellers were not leaving the home. Even though the short sale completed, the loan funded, and escrow closed, they weren’t leaving. He asked for my help but I could not help him and I told him he needed to work with the his agent who was the listing agent. So in the end he ended up going through the 3 day notice to quit and had to evict with unlawful detainer and there was also the cost to continue renting his home.

Obviously this is not the norm and in most all cases you will be okay. To me, the best thing your own agent can bring you is an advocate, someone who is at your disposal and 100% looking out for your interest. For many people, they don’t need that and are okay on thier own.

Unfortunately there are those agents and brokerages who double end things and they are not fulfulling thier fidiciary obligation and screwing buyers.

[SD Realtor]

I would strongly agree with CAR. Not only could the reduction be under the recent comps, to me it is a material fact. Frankly if I were buying a home I would like to know if there were alot of loan mods or reductions in that area. It is also valuable for people who are perhaps trying to petition property tax reductions and cannot find many comps.

I cannot think of any good reasons why the information should be concealed. On the flip side, knowledge of that information would seemingly help not only future homeowners and appraisers, but could be argued that for people buying, if other lenders knew of that information that would be helpful as well. Maybe not helpful to the buyer because the lenders may treat that in a negative manner but still, getting the information out will be good.

To me loan mods and other reductions are this grey cloud we all hear of and have stories about, but don’t really know much about. At the very least reductions should be recorded.

I understand where you are coming from Russ and there is a privacy issue…makes sense…I fall on the other side of it though.

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