What is Wrong With This Destin Short Sale Story?

Buying or selling short sales can be lengthy and complicated.  This story illustrates how important it is to hire an experienced agent when buying or selling a short sale. One of the  real estate agents wrote an offer on a short sale last week in Destin Florida.   She is quite experienced, never complains, but came to talk to me about the situation.  Here is a recap:

1.  Two days after forwarding her offer, the listing agent said he had not yet presented it to the seller.

2.  The listing agent said the house was already under contract, although the buyer was trying to cancel.   One of the divorced sellers agreed to sign the cancellation, but the other ex-spouse would not.
3.  The listing was still “active” in the MLS, with no mention that it was under deposit.

4.   The listing agent said he was not going to tell the short sale lender, Bank of America, that the buyer was backing out.   He said he wanted them to approve the short sale, so he could substitute another buyer.

I had to scratch my head and get out a pad of paper to start writing down all the issues involved here. How many problems can you find with this scenario?     Be sure you hire an experienced real estate agent when buying or selling short sales near Destin Florida.


It’s Wendy!

Wendy Rulnick, Broker, CRP, CRS, GRI, ABR     Rulnick Realty, Inc.

Destin FL Real Estate

Destin Short Sales & Pre Foreclosure Help.

Read Destin Real Estate Blog

Call 1-877-487-9639) or 850-650-7883 ext 204  or email [email protected]

Call Wendy Rulnick, Destin real estate agent, to list and sell your home or condo on the Emerald Coast of Florida in Walton, Okaloosa and Santa Rosa County-  Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field.   Wendy is a short sale and pre-foreclosure specialist and has been featured in “Kiplinger Personal Finance Magazine” and “Florida Realtor Magazine”.



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