Comments on: Banks Being Difficult About Short Sales http://realestatewizkid.com/banks-being-difficult-about-short-sales/ A blog all about real estate, short sales, foreclosures, and Phoenix, Arizona. Fri, 05 Mar 2010 18:20:07 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: admin http://realestatewizkid.com/banks-being-difficult-about-short-sales/comment-page-1/#comment-38 admin Tue, 29 Jul 2008 21:38:06 +0000 http://realestatewizkid.com/?p=7#comment-38 Well thank you Michelle for the inquiry! It is really appreciated! This happened to me when negotiating an IndyMac short sale deal. There were many hours of arguing and negotiating but unfortunately my buyer soon dropped out due to the lengthy short sale process. From the information I was able to gather this fee was either an attempt by IndyMac to sift through low ball time wasting offers or it was a weird requirement of an unusual investor. I would love to hear if anyone has any difficult stories like this one? Well thank you Michelle for the inquiry! It is really appreciated! This happened to me when negotiating an IndyMac short sale deal. There were many hours of arguing and negotiating but unfortunately my buyer soon dropped out due to the lengthy short sale process. From the information I was able to gather this fee was either an attempt by IndyMac to sift through low ball time wasting offers or it was a weird requirement of an unusual investor. I would love to hear if anyone has any difficult stories like this one?

]]> By: Michelle Schoen http://realestatewizkid.com/banks-being-difficult-about-short-sales/comment-page-1/#comment-36 Michelle Schoen Tue, 29 Jul 2008 20:27:21 +0000 http://realestatewizkid.com/?p=7#comment-36 I would be very interested in knowing which bank is pulling this stunt. Homeowners need to be warned if they're working with this bank. I would be very interested in knowing which bank is pulling this stunt. Homeowners need to be warned if they’re working with this bank.

]]> By: Zoe http://realestatewizkid.com/banks-being-difficult-about-short-sales/comment-page-1/#comment-9 Zoe Tue, 15 Apr 2008 00:04:11 +0000 http://realestatewizkid.com/?p=7#comment-9 If a processing fee was never needed for a short sale before, then no one should have to pay. If I were you, I would call around to other banks and see if they charge for the same process. $300 dollars seems a little ridiculous to require someone to pay just to sell their house. Afterall, don't you think the banks would want people selling their houses (resulting in people buying houses) so that they can earn profit off of loans and interest? xoxo Zoe If a processing fee was never needed for a short sale before, then no one should have to pay. If I were you, I would call around to other banks and see if they charge for the same process. $300 dollars seems a little ridiculous to require someone to pay just to sell their house. Afterall, don’t you think the banks would want people selling their houses (resulting in people buying houses) so that they can earn profit off of loans and interest?

xoxo
Zoe

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