Saving the world one short sale at a time...

A short sale means that someone has sold their home for less than they owe the bank. As terrible as that sounds it's much better than a foreclosure!

So what happens if the seller doesn't have the rest of the money to pay the bank? The real estate agent can negotiate with the bank to have the bank possibly waive the unpaid debt.

Some people are all for this and feel that the it's the least the banks can do since their careless ness in writing loans to buyers that they knew could not afford them is a major contributor to our skyrocketing foreclosure numbers.

Others feel that the buyer got themselves into the mess and should not expect the bank (or anyone else) to bail them out.

Comments?

Oh what a day…

Busy day today. Up at 4am to try to get a head start. Drop the kids at school at 8. Showcasing my listing at 220 Buena Vista in Long Beach on a realtor caravan at 8:30. At the office before 11:30 for Keller Williams Sales meeting. Meet David at attorney’s office to notorize closing docs for house in Clinton (finally). Back at office at 1:30 for Agent Leadship Council meeting; 3pm Tammy W Eakes team meeting; 4:30 meeting with the accountant; Home before 6 so DLE can leave for work; back to Biloxi by 6:30 for Kindermusik with 2 year old; then back home…feed kids and put them to bed; ahhhh….and now I can start working on all of the things I didn’t get to all day…new website, listing price changes, new listings, referrals….the never ending list. I love real estate :->