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! oh oh

Comments(1)

  • TheShortSalePro30th April, 2003

    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

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