Who Benefits If An Investor Does Your Short Sale?
By Fernando Herboso - Associate Broker MD, & VA, 301-246-0001 Serving Maryland, DC and Northern VA
(Maxus Realty Group of Samson Properties )
Question Of The Week: Fernando, An investor says he can buy my house and negotiate a short sale directly with my bank - Is this okay? ANSWER: Unfortunately this is very common tactic used by investors to try to buy houses. Do not fall for it! Why do you think they would want to do this? Because they want to make money and they have nothing to lose. . .I can assure you . . .YOU DO! The first thing they will do is send a low offer to the bank, possibly misrepresent the condition of your property and if the bank accepts it THEY'LL GET VERY HAPPY If they don't. . they go somewhere else and start the process again. . meanwhile the homeowners gets left . . .screwed. Do not you waste valuable time working with an investor when a legitimate Realtor has one single purpose on mind. . to...
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