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Rainmaker
3,054,229
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Yes, many....

Oct 15, 2017 05:06 AM
Rainmaker
547,292
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

Yes.

I also had a short sale where the 1st agreed to give the 2nd $5K and then changed their mind right before closing and only was willing to give them $1K.  

Yes, everyone had signed to agree...which means nothing on a short sale.

The 2nd finally agreed to take only the $1K but the 1st (instead) wanted the buyer to pay the extra $4k which he was not willing to do...

I finally went up the food chain and raised hell.  My ace is always that I will call a news reporter to expose their dirty dealings.  Works every time.

It finally closed at the original agreement.

Eve

Oct 15, 2017 03:36 AM
Ambassador
3,442,675
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Yes, I sure have!

I love Eve's idea to threaten the news media - that would certainly work when other avenues don't! 

Oct 15, 2017 06:37 AM
Rainmaker
5,119,398
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

we rarely did any short sales when they were plentiful....our focus was new construction and the banks worked with our builders to get the homes sold.... worked well for US!!

Oct 15, 2017 06:14 AM
Rainmaker
529,540
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

2nd lender foreclosed except he didn't realize he was 2nd in line. Both got paid off. Both got enough to get paid off.

Oct 15, 2017 05:51 AM
Rainmaker
1,557,749
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Yes I believe it's 6 to 7K somewhere in there.

Oct 15, 2017 05:23 AM
Rainmaker
3,211,984
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I haven't done but maybe three short sales in my life and in none of them was a sec ond lender involved.

Oct 15, 2017 04:19 AM
Rainmaker
1,020,086
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Yes, but it was a couple of years ago and I no longer put the effort into lender's messes.

Oct 15, 2017 08:48 AM
Rainmaker
2,826,511
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Oh yes ... many if not most. 

Oct 15, 2017 07:37 AM
Rainmaker
1,113,057
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I have not seen a short sale in a while and I hope I don't see one anytime soon. 

Oct 15, 2017 07:31 AM
Rainmaker
705,151
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Yes, many, many times...

Oct 15, 2017 07:30 AM
Rainmaker
777,442
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Yep, many. --Kasey

Oct 15, 2017 07:10 AM
Rainmaker
2,485,019
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

When I was assembling parcels for development, offering the second something often helped the "time" process along. They know they are dying on the vine so getting something over nothing makes sense if approached gingerly. Private lenders take it personal while mainstream talked amounts

Oct 15, 2017 07:05 AM
Rainmaker
569,260
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

I've never been involved in a short sale and have no desire to be.

Oct 15, 2017 06:48 AM
Ambassador
2,363,840
Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    I always referred the short sales to a Broker who specialized in shorts. 

   Haven't seen any in a long time.

Oct 15, 2017 06:46 AM
Rainmaker
4,797,822
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I haven't done a short sale in years.

Oct 15, 2017 06:19 AM
Rainmaker
3,050,482
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

In the past we had many second lenders that got a token amount. Get it in writing is the key

Oct 15, 2017 05:37 AM
Rainer
147,408
Dr. Karen Lewis, Broker 305-3231556
K1 Realty Group - Pembroke Pines, FL
Residential for Sellers and Buyers in S. Broward

I have only had a few but they have all gotten paid no more than 3000.00

Oct 15, 2017 04:39 AM
Ambassador
1,655,961
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Years ago.

Oct 15, 2017 04:21 AM
Rainmaker
4,432,467
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Yes

Oct 15, 2017 03:31 AM
Ambassador
4,367,333
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Not planning to ever get involved in a short sale.

 

Oct 15, 2017 08:31 PM
Rainmaker
457,650
Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

Yes

Oct 15, 2017 07:23 PM
Rainmaker
3,983,713
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Yes, $4550

Oct 15, 2017 06:41 PM
Ambassador
3,983,674
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I have worked on short sales where the second lender refused to lower the balance or negotiate and said let it go to foreclosure.

Oct 15, 2017 06:37 PM
Rainmaker
1,263,312
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Yes.  They either agree or they risk getting nothing in a foreclosure.

Oct 15, 2017 04:10 PM
Rainmaker
5,502,856
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

It has been several years since I was involved with a short sale.

Oct 15, 2017 09:17 AM
Rainmaker
1,559,170
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Early after '08; yes. After the procedure got tweaked; no

Oct 15, 2017 09:00 AM
Ambassador
4,301,228
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

No.

Jun 07, 2018 09:46 PM
Rainmaker
4,160,424
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Have only done two short sales and decided that was not my cup of tea.  One closed, the other did not, due to the 2nd lender demanding  more money.

Oct 18, 2017 06:32 AM
Ambassador
2,896,357
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Had a second get $30,000 paid by the first mortgage holder at closing.  House was more than 1M

Oct 16, 2017 02:13 PM
Rainmaker
573,524
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Yes, I've negotiated much more.  Some Investors won't take $3,000-$6,000. It's not the norm, but for that select group of 2nds... real hold-outs... that is what must be done. It wont work on FNMA deals.

Oct 15, 2017 09:44 PM
Rainmaker
854,616
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I have only negotiated one short sale, the rest I've hired a negotiator so I've not been privy to the information nor did it really matter to me as long as my client was ok with the sale - that's what was most important to me

Oct 15, 2017 05:13 PM
Rainmaker
3,857,914
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

No..we have very few shortsales and I don't due them refer them to somebody qualified.

Oct 15, 2017 10:09 AM