Bank Requires Listing B4 Ss
I was just speaking with another of our members here on the phone. He mentioned that the bank required the house be listed before it could be bought via SS.
I would appreciate any experiences you all have had with loss mitt requireing a house be listed before it could be purchased and if so how you dealt with it..
I would prefer to keep real estate agents out of the loop if I hit a bank that requires this, and like I said -like to hear everyones input.
Blessings
Bri
Thanx for the info SS pro.
Bri
On our listing agreements the seller has to specifically agree to list in the mls.
Jim
As far as i know its only "required" by HUD if its an FHA loan short-sale. Correct me if im wrong
Im not saying to do this but you could have an agent you know list it and if any offers come in refuse them, then once you get the short approved relist it with that realtor. Although the bank might want a statment from the realtor saying that there were no offers (i havent seen this) they usually just want a copy of the listing agreement.
Zin it would have to be listed by the current owner of record not the ss buyer. And hope no one offers better than the ss deal.
Jim
I have had several Loss Mit reps ask for a copy of the listing agreement and a copy of the MLS listing. One wanted a URL link to the listing. Another had a "friend" drive by the property and the friend told them that there was not a realtor sign in the front yard. Another SS was once denied because the dates were all screwy from the MLS listing agreement, when it showed DOM (days on market) on the listing, when it went pending, and the P&S contract date.
If I know the company wants it listed, I get it listed on MLS.