I am representing buyers who have been in this Bank of America Cooperative short sale for 5 months. Approval has been extending to 2/15. Seller is being non respsonsive. He will be in breach of contract, however could use some advice on how to get him to sign escrow papers, move out, and close. The sale is in California.
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It is always sad to see sellers that check out of short sales. I would wonder if the listing agent has kept in good communication with the sellers or if the sellers just have left the building as they say?
Perhaps have the listing broker call the seller directly. Even if the seller is in breach of contract, if it goes to foreclosure because of their lack of responsiveness, what can be done? If the sellers are sued, sounds like they have nothing to go after.
Sorry to hear you and your client are going thru this. It's hard to keep sellers motivated, as the short sale process is tedious and frustrating. Many times they have outside forces feeding them incorrect information..such as letting it go to foreclosure is the easy way out. Keeping the seller motivated and on task is really up to the listing agent. With my sellers I just try to keep their stress to a minimum. If they are stressing about moving..maybe arranging for movers to help them. Many times I will pay for cleaning services or removing debris after they have vacated...just to make sure they get moved and I will take care of the loose ends.
Good luck!
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