I guess you sent a message to the group. You might start a discussion also.
In a BofA short sale, the listing agent is almost all powerful. Your agent is the least empowered of any of the parties.
You love your agent, but my recommendation is to make the listing agent your agent. Then you have every right to call him everyday and make him/her sit down and show you on the computer exactly the current situation. If the listing agent is inexperienced, you can ask him to accept the services of a third party short sale specialist (might be at your expense but it will be worth it) Have patience, yes, but someone has to be on top of this almost everyday.
David,
I could not find your original post.....it showed in my email....but did not see on BOA posting wall on this site, so I hope this finds you and I answer your questions.
In California,it is common for a short sale with an accepted offer to remain on the market,but with a notation called "contingent"--telling agents and buyers that there is already an offer being negotiated. That offer is usually in first place/first right of refusal, until the buyer walks away or decides not to buy. The listing agent and seller may show the property and accept back up offers. If the seller receives a better offer than yours, it is up to the seller to decide whether that should go to the bank for review. Remember, I am speaking from how things are done in California, I can't completely speak to the way things are done in Florida.
If you put an offer in through the listing agent, don't forget that agent is now also your agent and should be giving you feedback! Don't be afraid to ask what is going on! BOA short sales are tough to close, but doable. Especially if the agent negotiating the short sale is persistent and smart (i.e. experienced) about the process.
I'm at kylee@golyon.com if you need more info.
Kylee
**********************************
like buttons
************************
Comments
In a BofA short sale, the listing agent is almost all powerful. Your agent is the least empowered of any of the parties.
You love your agent, but my recommendation is to make the listing agent your agent. Then you have every right to call him everyday and make him/her sit down and show you on the computer exactly the current situation. If the listing agent is inexperienced, you can ask him to accept the services of a third party short sale specialist (might be at your expense but it will be worth it) Have patience, yes, but someone has to be on top of this almost everyday.
I could not find your original post.....it showed in my email....but did not see on BOA posting wall on this site, so I hope this finds you and I answer your questions.
In California,it is common for a short sale with an accepted offer to remain on the market,but with a notation called "contingent"--telling agents and buyers that there is already an offer being negotiated. That offer is usually in first place/first right of refusal, until the buyer walks away or decides not to buy. The listing agent and seller may show the property and accept back up offers. If the seller receives a better offer than yours, it is up to the seller to decide whether that should go to the bank for review. Remember, I am speaking from how things are done in California, I can't completely speak to the way things are done in Florida.
If you put an offer in through the listing agent, don't forget that agent is now also your agent and should be giving you feedback! Don't be afraid to ask what is going on! BOA short sales are tough to close, but doable. Especially if the agent negotiating the short sale is persistent and smart (i.e. experienced) about the process.
I'm at kylee@golyon.com if you need more info.
Kylee