Comments on: Done With Short Sales http://www.minnesotainvestmentrealestate.com/buying-property/done-with-short-sales/ We help new and seasoned real estate investors purchase and own investment property in Minnesota. Wed, 20 Aug 2008 07:06:42 +0000 http://wordpress.org/?v=2.2.2 By: oil and gas fan http://www.minnesotainvestmentrealestate.com/buying-property/done-with-short-sales/#comment-532 oil and gas fan Sun, 18 May 2008 04:57:38 +0000 http://www.minnesotainvestmentrealestate.com/buying-property/done-with-short-sales/#comment-532 shorts sales are like winning the lottery, slim odds. Stick with the basics of investing and your ROI will be rewarded. I obviously like oil and gas but there are numerous good places to put your hard earned money. shorts sales are like winning the lottery, slim odds. Stick with the basics of investing and your ROI will be rewarded. I obviously like oil and gas but there are numerous good places to put your hard earned money.

]]> By: Investment Property http://www.minnesotainvestmentrealestate.com/buying-property/done-with-short-sales/#comment-515 Investment Property Thu, 08 May 2008 04:33:28 +0000 http://www.minnesotainvestmentrealestate.com/buying-property/done-with-short-sales/#comment-515 I agree with both of you. I won't stop showing short sales, but I am not going to gloss over the fact that they are very slow and anything can happen. I agree with both of you. I won’t stop showing short sales, but I am not going to gloss over the fact that they are very slow and anything can happen.

]]> By: Chris Lengquist http://www.minnesotainvestmentrealestate.com/buying-property/done-with-short-sales/#comment-514 Chris Lengquist Wed, 07 May 2008 16:13:37 +0000 http://www.minnesotainvestmentrealestate.com/buying-property/done-with-short-sales/#comment-514 Welcome to the dark side. :) I still will work with them if the situation warrants. But they are nowhere near the boon everyone seems to want the masses to believe. Welcome to the dark side. :)

I still will work with them if the situation warrants. But they are nowhere near the boon everyone seems to want the masses to believe.

]]> By: Twin City Real Estate Chat - Jeanie Hoholik http://www.minnesotainvestmentrealestate.com/buying-property/done-with-short-sales/#comment-513 Twin City Real Estate Chat - Jeanie Hoholik Wed, 07 May 2008 15:32:15 +0000 http://www.minnesotainvestmentrealestate.com/buying-property/done-with-short-sales/#comment-513 The last buyer I had put an offer on a home that was a short sale. However, it was not listed on the MLS as being such. We weren't told until after we submitted the purchase agreement. I consider that "bait and switch" by the listing agent and made it clear to her that I was unhappy with her. Fortunately, the bank accepted another offer on that property and we were left to look for another. I am not a fan of short sales, but if my client wants to see one I will obey his wishes. However, I make it very clear to him that it could take months and that there will be frustrations. Now I make it a point to call ahead of time on all of the homes we are going to see to find out if it is a short sale or a foreclosure. The last buyer I had put an offer on a home that was a short sale. However, it was not listed on the MLS as being such. We weren’t told until after we submitted the purchase agreement. I consider that “bait and switch” by the listing agent and made it clear to her that I was unhappy with her. Fortunately, the bank accepted another offer on that property and we were left to look for another.

I am not a fan of short sales, but if my client wants to see one I will obey his wishes. However, I make it very clear to him that it could take months and that there will be frustrations.

Now I make it a point to call ahead of time on all of the homes we are going to see to find out if it is a short sale or a foreclosure.

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