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Not me. I love a challenge. I'd get it listed by tomorrow and Jeff this is a PERFECT example of a listing where I'd look at the range of comps and list it aggressively towards the bottom of comps I can find.
This is my favorite type of listing where the pressure is on. Even a low offer can get an auction stopped. The problem you'll run into is the BPO. That's where I show up with my hardship letter, comps in hand, and explain to the BPO agent that we only had 4 weeks to market the property and get an offer which is why we had to list it aggressively. COMPULSION TO SELL = LIQUIDATION VALUE - appraisers know this. Lately I've seen BOA hiring appraisers and not agents unless it's a distressed luxury property. Then I've seen an appraiser AND a BPO agent.
I would take the BAC listing if I had a chance of getting a contract within a week. I have had nothing by bad experiences with WF, although the jury is still out. I just escalated one to JK Huey, and her assistant stepped in and helped stop the FC so they could consider this cash deal. To me, BAC has gone from being one of the worst to one of the best in dealing with short sales.
When I worked for a large bank in the short sale/mod department, if we had an agent that called up 30 days before and we had proof that it was listed, etc, then the bank would postpone the sale and it would become an active short sale on the desk of the negotiator. Remeber, if you are nice to these peoplein the SS dept, alot of them get bonuses based on closed SS's or closed mods- they don't want to waste the opportunity to get a bonus by letting a property go to sale. They would usually get penalized if it did.
Roger Fountain
Pitbull Consumer Advocates
www.pitbullconsumeradvocates.com
Guerry Clegg said:
I would take the BAC listing if I had a chance of getting a contract within a week. I have had nothing by bad experiences with WF, although the jury is still out. I just escalated one to JK Huey, and her assistant stepped in and helped stop the FC so they could consider this cash deal. To me, BAC has gone from being one of the worst to one of the best in dealing with short sales.
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