Short sale listings are different from listings where the seller has equity. When we receive an offer on the listing and the seller agrees to the price it does not mean that the lender will accept the price. We mention a settlement date in the original accepted offer but may not hear from the lender until after that date.
When I receive offers on a listing I talk to the buyer agent and explain how the process works and also state that it is important for them to provide any…
ContinueAdded by Gita Bantwal on April 11, 2013 at 3:10am — 1 Comment
I finally broke down and responded to an automated Bank of America email survey. The email was titled "Help Us Improve Our Process." I received the email because one of my Destin short sales was declined in Equator. Why? Our seller was a day late getting us newly requested documents. We had to re-initiate the short sale a few days later.…
ContinueAdded by Wendy Rulnick on April 7, 2013 at 2:24am — 1 Comment
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