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What would you advice your client the seller in this scenario?

5/30/2009 9:48:32 AM

Answer: First, the investor wants to negotiate with the bank-because he wishes to get the home at the lowest price posible. If he advertise the home for 3 or 4 month for the negotiated price- and he does not have a buyer he can reduce his offer. The bank is already taking a lost on the money of the house, so he will negotiate the deal to at least make 20k-40k depending on the market area. As a broker I will not allow this simply because I have fudiciary duties to my client-always work for what is best them-remember the ower will pay taxes on the amount the bank did not collect from the seller- some investor are very skill and they do not need an attorney. I personally do not give my short sale transactions to lawyers- I take care of evething... when the deal is done and approved by the banks-then the title company closes the deal---how about if he does not get a buyer......I would not allow my seller to deal with the investor---reduce the price of the home and sell it.


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Nicaury's Thoughts..

"To achive greatness, hard work is eminent-if you look at the examples of greatness- they all worked very hard to be were they are today. Don't procasinate, meditate....only foolish individuals don't plan...only foolish people fail to have dreams"..Nicaury

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"Some feel that dreaming has no meaning- in school we are alway told stop day dreaming! I now say-WHY! 90 percent of all my day dreaming are now part of my sucess----so next time you tell your child, STOP DREAMING! THIS IS THE FUTURE CEO OF A MAJOR FUTURE CORPORATION"...Nicaury

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"No work for me today- my open house was cancel due to rain..there is always next week to sell the property.."Our hopes and expectations at times are not accomplish at the precise moment we want, but hope allow us to press on to met our expectation"...Nicaury

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"TRYING TO MAKE IT! many people are quick to make this statement- are you really trying to make it- you made it! you are alive-the sun is bright, you can eat and drink- how much better can we make our condition- it is all in your mental and phisical limitations- positive---I am Alive and that I am thankful for"

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''I must continue to try-If my work does not give me result today-it will tomorrow-persistance and a positive attitude will turn the try-into DONE---DONE Because I TRY" Nicaury

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