Yes folks, it has happened. The number one rule of short sales has been broken and is being broken more and more. What is the number one rule of short sales? The homeowner CAN’T receive proceeds from the sale. They aren’t allowed too. Now that is changing for a few lucky homeowners. A very small group of mortgage investors are giving their homeowners/clients an undertermined amount of money for being proactiv and doing a short sale. I have seen $1000 and $500 as of late. But I have only see two occurences like this. This isn’t a main stream kind of deal. Don’t expect this because it is exetremely exetremely rare. It is out there though.
Thanks for reading and come back soon.
- Jeff Buettner
Real Estate Wiz Kid
Arizona Short Sale Realtor & Negotiator
Who can tell me what the Scottsdale real estate market is like today? Because I need help with a Scottsdale short sale!
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I definitely agree for what you observe,thank so much for this entry i learn some tips. Keep up the good work.
I admire you expertise. As a Realtor I avoid short sales when at all possible. It looks like a good time to buy in your market.
Realtors giving or getting kickbacks? Noooo it cant be. jk We all knew this would happen sooner than later with all the starving realtors out there doing anything they can to scrape a deal togther. Hopefully these unprofessional agents will caught and lose their license and be forced out of our beloved business.
Anyways love your articles and great information Jeff. keep it coming.
This seems awfully shady to me. I would think all kinds of people could find themselves getting in trouble for striking this type of a “deal.”