I am confused the Listing Agent says his contact at BOA is affiliated with these two companies:
Signature Title and Short Sale Services, LLC. And she says " I work for both companies so that in the event we are able to conduct closing I have the file from beginning to end." Her email is with Signature Title and not BOA.
I have not completed a BOA Short Sale. Is this normal? If not how do I get him in contact with someone else. I told him to find someone else in Equator. Your help is appreciated. Margaret C.
Tags:
Thank you that makes sense. I have been concerned but didn't realize he was using another party.
Celeste is right. He is using the 2 other parties because he is unable to complete all aspects of the SS himself. I see SS's all the time where title company uses a realtor and splits commision with him JUST for the purpose of LISTING the property on MLS. The title company doesnt seem to be aware that they can complete the entire transaction themselves just by having at least ONE licensed realtor in the company to create the Equator account, and list the home.
Now it would be normal for a realtor to use the title company, because most realtors are strictly realtors, and need somebody to close the deal, generate the HUD, wire funds, etc.
The people who you need to avoid are the ones who work in conjunction with a "short sale processor" because all that means is the listing agent is too dense to attempt to learn the system in which he will be using to process the SS, thus pays someone to deal with the task by task work of the SS.
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.