Bank of America , DTS & Auction.com

I have a short sale with Bank of America that DTS is processing and still waiting for the marketing price, but then I got a call from DTS stating BoA is using Auction.com to market the property. When I asked the representative what will be the point of that when I'm yet to get marketing price and she try to tell me that with Auction.com the commission will be protected and the sellers will not have to pay anything.... okay is that not the point of short sale? Any one has experience with BoA using Auction.com.. I don't think I want third party to tell how to market property.. what will be the next step? they will start writing the listing agreement?

0 members like this

Replies to This Discussion

Permalink Reply by Cami Pinsak on October 20, 2012 at 7:37am

Hi James,

I would love to know where that verbiage is. I haven't seen it on any documentation that I or my seller have signed. Furthermore, I have completed numerous co=op short sales where, some of which went to the very last day without an offer, and never had a threat of auction.com Can you show me what to look out for?

‹ Previous
1
2
Next ›
Page

RSS

Welcome to
Short Sale Superstars

Sign Up
or Sign In

Or sign in with:

Members

View All

Badges | Report an Issue | Terms of Service

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.