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It sounds like a potential conflict of interest to me. If I'm reading this correctly, you say you are the Listing agent and you are related to the buyer? How can you remain impartial and/or keep the seller's interests ahead of your own?
Please clarify if am misunderstanding but it doesn't sound clean to me.
Justin
I think it is another one of those things that honest people get punished for all of the dishonest activity that has happened with short sales. here in Florida we have seen every trick in the book and every illegal thing that could transpire. Now the lenders are much more cautious as to how they are proceeding. Like I said it sucks for the honest people like you. There is a thought in the banks minds that something could be manipulated by the listing agent if they are related to the buyer. I have an easy way around this, Bank of America should have 2 appraisals done and set the price at the average of the two and not worry about who is related to the listing agent, worry more about the value of the property.
Christina, have you had any conversations with the leadership at BofA? Might want to seek them out.
I think it is another one of those things that honest people get punished for all of the dishonest activity that has happened with short sales. here in Florida we have seen every trick in the book and every illegal thing that could transpire. Now the lenders are much more cautious as to how they are proceeding. Like I said it sucks for the honest people like you. There is a thought in the banks minds that something could be manipulated by the listing agent if they are related to the buyer. I have an easy way around this, Bank of America should have 2 appraisals done and set the price at the average of the two and not worry about who is related to the listing agent, worry more about the value of the property.
Christina, have you had any conversations with the leadership at BofA? Might want to seek them out.
Jeff, I don't have those kind of connections as BOA...they are the thorn in our side...we have been black listed with them because they don't like attorneys initiating ss in Equator..so don't really have anyone I can turn to
Jeff Payne said:I think it is another one of those things that honest people get punished for all of the dishonest activity that has happened with short sales. here in Florida we have seen every trick in the book and every illegal thing that could transpire. Now the lenders are much more cautious as to how they are proceeding. Like I said it sucks for the honest people like you. There is a thought in the banks minds that something could be manipulated by the listing agent if they are related to the buyer. I have an easy way around this, Bank of America should have 2 appraisals done and set the price at the average of the two and not worry about who is related to the listing agent, worry more about the value of the property.
Christina, have you had any conversations with the leadership at BofA? Might want to seek them out.
I think you may be pleasantly surprised at how much the right person at BofA would help. Twitter is your friend and calling the executive resolution department is where I would start. Maybe have your attorney contact BofA legal department. The folks from BofA that we have met with in the past have been helpful.
Christina Conrad said:Jeff, I don't have those kind of connections as BOA...they are the thorn in our side...we have been black listed with them because they don't like attorneys initiating ss in Equator..so don't really have anyone I can turn to
Jeff Payne said:I think it is another one of those things that honest people get punished for all of the dishonest activity that has happened with short sales. here in Florida we have seen every trick in the book and every illegal thing that could transpire. Now the lenders are much more cautious as to how they are proceeding. Like I said it sucks for the honest people like you. There is a thought in the banks minds that something could be manipulated by the listing agent if they are related to the buyer. I have an easy way around this, Bank of America should have 2 appraisals done and set the price at the average of the two and not worry about who is related to the listing agent, worry more about the value of the property.
Christina, have you had any conversations with the leadership at BofA? Might want to seek them out.
Do you have phone numbers for any of these individuals?
Jeff Payne said:I think you may be pleasantly surprised at how much the right person at BofA would help. Twitter is your friend and calling the executive resolution department is where I would start. Maybe have your attorney contact BofA legal department. The folks from BofA that we have met with in the past have been helpful.
Christina Conrad said:Jeff, I don't have those kind of connections as BOA...they are the thorn in our side...we have been black listed with them because they don't like attorneys initiating ss in Equator..so don't really have anyone I can turn to
Jeff Payne said:I think it is another one of those things that honest people get punished for all of the dishonest activity that has happened with short sales. here in Florida we have seen every trick in the book and every illegal thing that could transpire. Now the lenders are much more cautious as to how they are proceeding. Like I said it sucks for the honest people like you. There is a thought in the banks minds that something could be manipulated by the listing agent if they are related to the buyer. I have an easy way around this, Bank of America should have 2 appraisals done and set the price at the average of the two and not worry about who is related to the listing agent, worry more about the value of the property.
Christina, have you had any conversations with the leadership at BofA? Might want to seek them out.
Do you have phone numbers for any of these individuals?
Jeff Payne said:I think you may be pleasantly surprised at how much the right person at BofA would help. Twitter is your friend and calling the executive resolution department is where I would start. Maybe have your attorney contact BofA legal department. The folks from BofA that we have met with in the past have been helpful.
Christina Conrad said:Jeff, I don't have those kind of connections as BOA...they are the thorn in our side...we have been black listed with them because they don't like attorneys initiating ss in Equator..so don't really have anyone I can turn to
Jeff Payne said:I think it is another one of those things that honest people get punished for all of the dishonest activity that has happened with short sales. here in Florida we have seen every trick in the book and every illegal thing that could transpire. Now the lenders are much more cautious as to how they are proceeding. Like I said it sucks for the honest people like you. There is a thought in the banks minds that something could be manipulated by the listing agent if they are related to the buyer. I have an easy way around this, Bank of America should have 2 appraisals done and set the price at the average of the two and not worry about who is related to the listing agent, worry more about the value of the property.
Christina, have you had any conversations with the leadership at BofA? Might want to seek them out.
I do not like to side with the lenders, but… on this one… sad to say, if the agent is the buyer it is not an arms length transaction, as I understand it. Every arms length affidavit I have seen clearly included both agents as NOT having any relationship to the buyer/seller (beyond disclosed agency). Recently I have even seen the lenders including the escrow officer and requiring their signature be notarized as well. If you want to purchase this short sale another agent will have to do it for you. That is how I understand it and how the docs I see read. Good Luck!
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