Couldn't believe this until it actually happened to me.  Bought investment property at $230,000,now worth $95,000.  Why are sellers not only being turned down by banks re modifications, but also by realtors? 

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Virginia. I'm in central Florida and closed on a short sale last week for $21,000. Closed on one yesterday at $62,000. Values are down so far in my market that it is quite common to have short sales in the 50s and 60s. I work them because these folks need help too. BUT....agents are business people. They have to decide what works for them. Nothing wrong with an agent choosing not to work lower priced properties. You just have to keep looking. I'm sure there are agents in your area that WILL help.
Virginia

Email Mike Milazzo at Excalibur Properties - [email protected] or call him at 602-571-6889 (if the property is in Avondale as it looks like your earlier posting indicated). Mike is highly experienced with short sales and would be glad to handle it for you.

Sam
You're absolutely right. I didn't look at it from that standpoint. Thanks for the response.

Bryant Tutas said:
Virginia. I'm in central Florida and closed on a short sale last week for $21,000. Closed on one yesterday at $62,000. Values are down so far in my market that it is quite common to have short sales in the 50s and 60s. I work them because these folks need help too. BUT....agents are business people. They have to decide what works for them. Nothing wrong with an agent choosing not to work lower priced properties. You just have to keep looking. I'm sure there are agents in your area that WILL help.
Will do.

Sam Purtle said:
Virginia

Email Mike Milazzo at Excalibur Properties - [email protected] or call him at 602-571-6889 (if the property is in Avondale as it looks like your earlier posting indicated). Mike is highly experienced with short sales and would be glad to handle it for you.

Sam
You're welcome Virginia. I hope you found this site helpful.

Virginia Reddy said:
You're absolutely right. I didn't look at it from that standpoint. Thanks for the response.

Bryant Tutas said:
Virginia. I'm in central Florida and closed on a short sale last week for $21,000. Closed on one yesterday at $62,000. Values are down so far in my market that it is quite common to have short sales in the 50s and 60s. I work them because these folks need help too. BUT....agents are business people. They have to decide what works for them. Nothing wrong with an agent choosing not to work lower priced properties. You just have to keep looking. I'm sure there are agents in your area that WILL help.

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