I have not heard this but would be dangerous for all.  There are too many agents taking on short sales that should not.  Also, try to remember we facilitate short sales for the seller (not negotiate) as this will get us into trouble.  If banks counter or want monies on a second to release, we are the messenger/facilitator for the client and the bank.  Be careful of the negotiate word.

 

Best to all of you, love the comments and shared experiences.  I know you are all working too hard these days!

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The banks are already partnering with brokerages handling REO accounts. Bank of America already rolled out a program with select brokerages in which they are being given the contact information for homeowners that are pre-qualified for a short sale. The negotiations will be conducted by third party companies such as impact. More information should be available soon.

And just like REO the third party and realtor will be working for BoA not the home owner... That can be dangerous especially with listing agreement signed between homeoner and Realtor.

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