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California Short Sale Transactions
A marketing program designed to bring in offers even in this difficult market.
Don't rely on 2 and 3 year old marketing concepts. Our Realtors are not
worried about protecting the prices of their other non-short sale
listings. Our Realtors will price your property to get interest and
offers. You only have a few months before you get the Notice of
Default - don't waste your valuable time with old marketing concepts.
In an up market you can sit on your price because the market comes to
you. In a down market the market runs away from you. Don't let you
listing sit idle with poor pricing strategies.
Our lawyers suggest clauses to add to our listing contract, your
purchase contract and cover letters for your short sale package. These
clauses are designed to protect you from the lenders, the buyers, the
buyers Realtor and if necesary even your own Realtor's broker.
Realtors are not even licensed to comment on why the California
Association of Realtors forms may be incomplete. Those forms do a
great job protecting the Realtors but in our opinon they can leave you
unprotected. We make sure you are protected. Remeber in a short sale
transaction the Realtors are paid by the banks, not you. Our advice is
to make sure someone is on you side and that persons advice is
protected by insurance.
When the lender sends paperwork to your Realtor and escrow agent - who
is going to make sure you are protected. How will you know if you are
being released from all your obligations and not just some of them?
What if Countrywide sends a note to the Escrow agent. Does those
instructions give you the protection from creditors you may need in the
future. Do those instructions survive escrow? Will it bind
Countrywide or Bank of America?
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Last Updated ( Tuesday, 28 October 2008 )
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