Comments - A Short Sale Contract is STILL a Contract. - Short Sale Superstars2024-03-29T10:44:24Zhttp://shortsalesuperstars.com/profiles/comment/feed?attachedTo=3468065%3ABlogPost%3A2222&xn_auth=noNicholas. It is a binding con…tag:shortsalesuperstars.com,2010-04-27:3468065:Comment:259132010-04-27T14:23:22.611ZBryant Tutashttp://shortsalesuperstars.com/profile/bryanttutas
Nicholas. It is a binding contract as long as it has been signed by all parties i.e. Buyer and Seller. However I am not a tax accountant. I don't think the IRS has made definitive ruling on this but in my opinion you are good to go.
Nicholas. It is a binding contract as long as it has been signed by all parties i.e. Buyer and Seller. However I am not a tax accountant. I don't think the IRS has made definitive ruling on this but in my opinion you are good to go. Is the contract waiting on sh…tag:shortsalesuperstars.com,2010-04-27:3468065:Comment:258892010-04-27T04:39:05.115ZNicholas Owenhttp://shortsalesuperstars.com/profile/NicholasOwen
Is the contract waiting on short sale approval considered "binding sales contract signed by April 30, 2010" as far as the 2010 tax credit go?<br />
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I had a contract signed back in Feb. Short sale just got to Phase II. I hope we can get the closing done before June 30.
Is the contract waiting on short sale approval considered "binding sales contract signed by April 30, 2010" as far as the 2010 tax credit go?<br />
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I had a contract signed back in Feb. Short sale just got to Phase II. I hope we can get the closing done before June 30. Stephanie, Agents need to und…tag:shortsalesuperstars.com,2009-08-23:3468065:Comment:25872009-08-23T14:02:45.545ZBryant Tutashttp://shortsalesuperstars.com/profile/bryanttutas
Stephanie, Agents need to understand that they are playing games with people's lives. Getting foreclosed on because of this foolishness is terrible.
Stephanie, Agents need to understand that they are playing games with people's lives. Getting foreclosed on because of this foolishness is terrible. This kind of behavior makes m…tag:shortsalesuperstars.com,2009-08-21:3468065:Comment:24632009-08-21T13:42:24.704ZStephanie Limhttp://shortsalesuperstars.com/profile/StephanieLim
This kind of behavior makes me NUTS! I've had a short sale go to foreclosure because of this reason!!! The buyer's agent did not tell us that they were "buying a different home" until we called them with an approval. They had found a foreclosure for less and were closing on it in a week. We were never sent any type of contract OR binder release.
This kind of behavior makes me NUTS! I've had a short sale go to foreclosure because of this reason!!! The buyer's agent did not tell us that they were "buying a different home" until we called them with an approval. They had found a foreclosure for less and were closing on it in a week. We were never sent any type of contract OR binder release. Bryant - I am sorry to hear t…tag:shortsalesuperstars.com,2009-08-20:3468065:Comment:24452009-08-20T13:07:41.107ZWendy Rulnickhttp://shortsalesuperstars.com/profile/WendyRulnick
Bryant - I am sorry to hear that! It is unbelievable that this misconception is still out there!
Bryant - I am sorry to hear that! It is unbelievable that this misconception is still out there! I have had 3 buyers walk this…tag:shortsalesuperstars.com,2009-08-20:3468065:Comment:24422009-08-20T11:55:36.749ZBryant Tutashttp://shortsalesuperstars.com/profile/bryanttutas
I have had 3 buyers walk this week. This foolishness really needs to stop. One agent sent me an email saying the buyer was withdrawing his OFFER. I had to remind her it was not an offer it was a contract and the buyer is in breach. The agent hen mentioned that he had OFFERS on 10 short sales but was only buying 2. Mine didn't get approved fast enough.
I have had 3 buyers walk this week. This foolishness really needs to stop. One agent sent me an email saying the buyer was withdrawing his OFFER. I had to remind her it was not an offer it was a contract and the buyer is in breach. The agent hen mentioned that he had OFFERS on 10 short sales but was only buying 2. Mine didn't get approved fast enough. Bryant - Succinctly stated! I…tag:shortsalesuperstars.com,2009-08-16:3468065:Comment:22502009-08-16T15:12:21.179ZWendy Rulnickhttp://shortsalesuperstars.com/profile/WendyRulnick
Bryant - Succinctly stated! It sure is a contract, seems like common sense, so I am not sure why this causes so much confusion!
Bryant - Succinctly stated! It sure is a contract, seems like common sense, so I am not sure why this causes so much confusion!