Replies to This Discussion

Permalink Reply by Selinda Kennedy-Bryant on January 10, 2013 at 5:08am

Hi, I don't know all the details about when the banks give the listings to the agents-but I do know that if the house is vacant often times the bank will do Property Preservation-winterizing and securing the property against vandals and that usually involves changing the locks-so I'm thinking that may be what is going on.

Permalink Reply by Tara Samney on January 10, 2013 at 5:12am

Hi Selina, yes I've had that happen. That is a property preservation company.  He said the bank told him to list it and use their lockbox.  You are right, maybe he is using a preservation company box and they gave him the code.  Weird, I just didn't know they solicited the agents for the borrowers in some cases.

 

Permalink Reply by Selinda Kennedy-Bryant on January 10, 2013 at 5:14am

Yeah, it seems to be a new thing-I know Bank of America was doing that to some extent.

 

Permalink Reply by Tara Samney on January 10, 2013 at 8:56am

Thanks Selinda.  I think the lockbox may have been put there by whoever winterized it.  The agent said it's not uncommon for them to give them directly to the agents.  I guess I've missed this.

Permalink Reply by Aletha C. Hicks on January 25, 2013 at 7:59pm

Perhaps a realtor within the area can help you find the listings that you need. They had the valuable connections. My realtors helped me when I seek for housing list..

Permalink Reply by Tara Samney on January 28, 2013 at 8:07am

I don't fully understand it either- but apparently it is something Fannie Mae is doing through Bank of America, referring the short sale directly to an agent.