BANKS REQUIREMENT THAT PROPERTY BE LISTED
I have several short sale opportunities that I am working on. I have the signed authorization by the homeowner, but the banks are requiring that the property be listed with a realtor before they will consider a short sale. I can understand why they would want the property to be on the market, but, in all the readings and courses I have bought, I have not read anything about this requirement. I would love to know how the "pros" get around this requirement. I would also love not to get involved with realtors. Thanks for your replies!
Perhaps you should do some more reading. Most mortgage loan servicing criteria with respect to short sale consideration requires that the subject property be listed with a licensed real estate broker (not necessarily a Realtor).
There are several reasons.
If you are serious about speculating in distressed real estate, you sould interview a few brokers and invite one to join your team.
If you need a "short sale certified" and qualified (local to you) broker anywhere in the USA to participate, feel free to email me privately @ TheShortSalePro@ForeclosureFocusNJ.com