Your Short Sale Stories From The Field

Posted on 22. Jul, 2009 by ctlms in Short Sale, foreclosure

What are your short sale stories?

I want to hear from you!

This week I want to have an open discussion on what experiences you are having or have had with short sales and properties facing foreclosure.

Click on the link at the bottom of this post to add your own experiences.

Be sure to hit on the facts of the situation such as the bank it was with, the amount owed and the sales price or your suggested sales price, and if it closed and how long it took.

Let's hear your success stories and your pains.

Have you done a short sale?  Let us know.

If you have not done a short sale...let us know that.

If you have avoided short sales let us know that to.

Whatever is on your mind

Let's make this blog thread as long as possbile.

Post Away!

Subscribe to this blog via RSS for instant updates.

As always Visit the Ask The Expert Page to leave your questions or contact me directly if you need immediate assistance at or visit

Tags: , , , , , , , ,

2 Responses to “Your Short Sale Stories From The Field”

  1. Sean Wilder 22 July 2009 at 4:47 pm #

    Mary Lou asked.....Do some banks not consider short sales an indication of Market Value?

    • Sean Wilder 22 July 2009 at 4:48 pm #

      Thanks for the question Mary Lou,

      It sounds like you are talking about either an appraisal or a BPO done by a lender for a short sale. And yes most banks do not want to use short sales for BPO comps. The reason is it is a distressed sale just like an REO and banks believe that they should be looking at market value. Of course we all know if the property does not sell in the short sale it will be an REO so REO’s and short saled properties should be the value they are looking at. But who ever said that banks make sense anyway.