Hello. Dealing with the purchase end of a short sale right now. Buyers offered full asking price to help get the sale through. Title search done revealed 2 liens (Chase as 1st, USB as jr). Selling agent is very difficult to get info from. Won't even disclose is BPO or appraisal done or if sellers short sale package submitted.
What do you feel is standard disclosure to the buyer? Is your experience that the selling agent discloses nothing or have we drawn short straws with this agent?
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@ Mary,
check your mls rules, in ours they have to change the status, even if it is pending lender approval. That might do more than even a call to the agent's broker. Hope it helps.
Harry,
Your professionalism is a breath of fresh air! Cannot thank you enough for taking the time to respond and, most importantly, for your consideration concerning all involved in a short sale!
Harry Clay said:
As a SS Listing Agent, I forward practically all correspondence I receive from the lender directly to my Sellers, & the Buyer Agent as well, literally as fast as it comes in. I want them to know how hard I am working on everyone's behalf, & I consider us all a team who have to work & stick together if we are going to have any chance for success.
Yes, there are always a few items of a more delicate nature that I might hold back from one or the other, but in general, I am more concerned about holding the Buyer in the game after a hard fought approval, & not having them walk by the time I have an accord with the lender, which happens all too frequently here in Bakersfield.
I can't imagine what benefit it would be for a Listing Agent to leave the Buyer's side in the dark, & anyone who does is useless, in my book.
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