Forum

Banks Partnering with Brokers

Posted by Sherrie J Weeks on April 10, 2011 at 3:37am in Short Sale Discussions

I have not heard this but would be dangerous for all.  There are too many agents taking on short sales that should not.  Also, try to remember we facilitate short sales for the seller (not negotiate) as this will get us into trouble.  If banks counter or want monies on a second to release, we are the messenger/facilitator for the client and the bank.  Be careful of the negotiate word.

 

Best to all of you, love the comments and shared experiences.  I know you are all working too hard these days!

You need to be a member of Short Sale Superstars to add comments!

Join Short Sale Superstars

Email me when people reply –
Follow

Replies

  • Keji Ogunleye April 12, 2011 at 12:34pm

    And just like REO the third party and realtor will be working for BoA not the home owner... That can be dangerous especially with listing agreement signed between homeoner and Realtor.

  • Dieter Diaz April 11, 2011 at 11:17am
    The banks are already partnering with brokerages handling REO accounts. Bank of America already rolled out a program with select brokerages in which they are being given the contact information for homeowners that are pre-qualified for a short sale. The negotiations will be conducted by third party companies such as impact. More information should be available soon.
This reply was deleted.
********************************** like buttons ************************