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Tillers
ParticipantBest time to buy is when you can afford it.
ParticipantBest time to buy is when you can afford it.
ParticipantBest time to buy is when you can afford it.
ParticipantBest time to buy is when you can afford it.
January 20, 2011 at 9:13 AM in reply to: What’s preventing listing realtors (on short sale homes) from favoring friends or relatives? #657372ParticipantOf the two short sales I know of that went through, both were “inside” jobs. One of them:
The listing agent owns the house. She list’s it but won’t show it or work with anyone on it. Except for her fiance. So, she ends up selling it to him and they move in, then get married. So she essentially was able to keep her house that she already had been living in several years prior (she was renting it out in the meantime) at a substantially lower price.
Second example:
Lady who owns the house is the loan officer with the bank (or does something there, I don’t have too many details) that holds the title. The couple make an offer, reneg on it and offer substantially lower. While all the negotiations are going on, for almost a year the couple live in the house rent and payment free. They end up getting the house for the lower offer price.
This is why it’s so hard to get good deals on SS. Seems like you need to have an inside.
January 20, 2011 at 9:13 AM in reply to: What’s preventing listing realtors (on short sale homes) from favoring friends or relatives? #657044ParticipantOf the two short sales I know of that went through, both were “inside” jobs. One of them:
The listing agent owns the house. She list’s it but won’t show it or work with anyone on it. Except for her fiance. So, she ends up selling it to him and they move in, then get married. So she essentially was able to keep her house that she already had been living in several years prior (she was renting it out in the meantime) at a substantially lower price.
Second example:
Lady who owns the house is the loan officer with the bank (or does something there, I don’t have too many details) that holds the title. The couple make an offer, reneg on it and offer substantially lower. While all the negotiations are going on, for almost a year the couple live in the house rent and payment free. They end up getting the house for the lower offer price.
This is why it’s so hard to get good deals on SS. Seems like you need to have an inside.
January 20, 2011 at 9:13 AM in reply to: What’s preventing listing realtors (on short sale homes) from favoring friends or relatives? #656905ParticipantOf the two short sales I know of that went through, both were “inside” jobs. One of them:
The listing agent owns the house. She list’s it but won’t show it or work with anyone on it. Except for her fiance. So, she ends up selling it to him and they move in, then get married. So she essentially was able to keep her house that she already had been living in several years prior (she was renting it out in the meantime) at a substantially lower price.
Second example:
Lady who owns the house is the loan officer with the bank (or does something there, I don’t have too many details) that holds the title. The couple make an offer, reneg on it and offer substantially lower. While all the negotiations are going on, for almost a year the couple live in the house rent and payment free. They end up getting the house for the lower offer price.
This is why it’s so hard to get good deals on SS. Seems like you need to have an inside.
January 20, 2011 at 9:13 AM in reply to: What’s preventing listing realtors (on short sale homes) from favoring friends or relatives? #656246ParticipantOf the two short sales I know of that went through, both were “inside” jobs. One of them:
The listing agent owns the house. She list’s it but won’t show it or work with anyone on it. Except for her fiance. So, she ends up selling it to him and they move in, then get married. So she essentially was able to keep her house that she already had been living in several years prior (she was renting it out in the meantime) at a substantially lower price.
Second example:
Lady who owns the house is the loan officer with the bank (or does something there, I don’t have too many details) that holds the title. The couple make an offer, reneg on it and offer substantially lower. While all the negotiations are going on, for almost a year the couple live in the house rent and payment free. They end up getting the house for the lower offer price.
This is why it’s so hard to get good deals on SS. Seems like you need to have an inside.
January 20, 2011 at 9:13 AM in reply to: What’s preventing listing realtors (on short sale homes) from favoring friends or relatives? #656307ParticipantOf the two short sales I know of that went through, both were “inside” jobs. One of them:
The listing agent owns the house. She list’s it but won’t show it or work with anyone on it. Except for her fiance. So, she ends up selling it to him and they move in, then get married. So she essentially was able to keep her house that she already had been living in several years prior (she was renting it out in the meantime) at a substantially lower price.
Second example:
Lady who owns the house is the loan officer with the bank (or does something there, I don’t have too many details) that holds the title. The couple make an offer, reneg on it and offer substantially lower. While all the negotiations are going on, for almost a year the couple live in the house rent and payment free. They end up getting the house for the lower offer price.
This is why it’s so hard to get good deals on SS. Seems like you need to have an inside.
January 19, 2011 at 6:28 PM in reply to: Make an offer on a house that you backed out earlier #656147ParticipantDon’t worry about hurting the Realtors feelings, it’s a business decision on your part.
I know a couple who offered 415 on a short sale. Retracted their offer and came back with 365 and got the house at the lower price! The whole process took about a year, but that seems to be the norm with SS.
So, it doesn’t hurt to try!!
January 19, 2011 at 6:28 PM in reply to: Make an offer on a house that you backed out earlier #656086ParticipantDon’t worry about hurting the Realtors feelings, it’s a business decision on your part.
I know a couple who offered 415 on a short sale. Retracted their offer and came back with 365 and got the house at the lower price! The whole process took about a year, but that seems to be the norm with SS.
So, it doesn’t hurt to try!!
January 19, 2011 at 6:28 PM in reply to: Make an offer on a house that you backed out earlier #656883ParticipantDon’t worry about hurting the Realtors feelings, it’s a business decision on your part.
I know a couple who offered 415 on a short sale. Retracted their offer and came back with 365 and got the house at the lower price! The whole process took about a year, but that seems to be the norm with SS.
So, it doesn’t hurt to try!!
January 19, 2011 at 6:28 PM in reply to: Make an offer on a house that you backed out earlier #657213ParticipantDon’t worry about hurting the Realtors feelings, it’s a business decision on your part.
I know a couple who offered 415 on a short sale. Retracted their offer and came back with 365 and got the house at the lower price! The whole process took about a year, but that seems to be the norm with SS.
So, it doesn’t hurt to try!!
January 19, 2011 at 6:28 PM in reply to: Make an offer on a house that you backed out earlier #656745ParticipantDon’t worry about hurting the Realtors feelings, it’s a business decision on your part.
I know a couple who offered 415 on a short sale. Retracted their offer and came back with 365 and got the house at the lower price! The whole process took about a year, but that seems to be the norm with SS.
So, it doesn’t hurt to try!!
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