home

first, check out this article. (if you hate reading, the quick summary is that lots of banks have been refusing short sales with the intention of foreclosing and reselling the home for more money than the short sale price. but research shows that almost every time they end up selling it themselves for less than they would have gotten in the short sale. and they have to do the extra leg-work themselves, so it ends up costing them more too.)

so this is sort of funny/sad/ridiculous/told-you-so…

back before we parted ways with our mortgage company (don’t judge me. read this and then leave a comment with your email address and we can have a conversation if you must go that route.) …uh, yeah as i was saying, before deed-in-lieu, we got an all-cash offer with verified funds (which is rare in this market), asking for no closing costs, fees, etc. (which is rare in this market), who did not even care about a couple of things that were broken and was willing to wait for the bank to work through the short sale process. the offer was $140,000. the bank said no, and they made it clear that this offer was no where near enough and not worth negotiating.

so…you wanna see my house? check out the listing here. then subtract whatever fees the buyer negotiates. then subtract the realtor fees. then think about the one that got away.

woulda shoulda coulda. i tried to tell them.

Posted on September 1st, 2009 by deWeb
Filed under: Uncategorized