This is yet another rant about why you don't list your short sale with agents who are NOT experienced in closing short sales and much less, don't even know what a short sale is all about.
We got a call from a distraught seller who lives in another state and owns an investment property that he needs to short sale here in Florida.
The agent who listed the property knows that the property has a tenant in it and that tenant needs 24 hours notice for showings. This agent knew this information prior to signing the listing agreement. This agent refuses to set up the showings for the owner because the agent says that is just too many phone calls to make. So the owner sets up the showings with the tenant.
My first question here is why don't you have a showing desk to set up the showings, a virtual assistant or a receptionist to make these calls for the showings if this is too much work for this agent?
Next, the agent is NOT doing the short sale, this agent only listed the property and does not know anything about short sales nor did this agent do any preparatory work with the seller in getting him on the same page for doing a short sale. This agent did not interview the seller.
Instead this agent has some SHORT SALE company doing the short sale. But this short sale company is NOT a FLORIDA short sale company. This short sale company has only spoken to this seller once. The seller is in lis pendens. The short sale company told the seller that his lender canceled the foreclosure because he is doing a short sale! What a load of crap!
We are going to post on what attorneys say about agents who take short sale listings and know nothing about short sales next week.
So here is a seller who is in foreclosure and this short sale company nor the agent ever advised him to go seek the advice of a foreclosure defense attorney to defend him in this foreclosure suit. OH MY! MY BLOOD IS BOILING!!!!
So the agent puts this property that is in foreclosure temporarily off the market because this agent does not want to deal with the tenant and refuses to cancel the listing yet is not doing fulfilling the agents part in this entire fiasco. Does this agent not know that time is of the essence here????
Next, we checked out this SHORT SALE Company! They are not listed as a corporation in Florida. They do not have a business license here. And to top it all off-
Florida law says that you can NOT handle short sales in Florida unless you are a licensed real estate agent, a licensed loan originator or an attorney!!!! So this SHORT SALE company is illegally handling this seller's short sale who did not know any of this.
So we have an agent who does not have a clue nor does this agent even seem to care that this man is going to lose his home to a foreclosure and a short sale company who is illegally handling or should I say NOT handling his short sale and giving him incorrect information about his foreclosure status.
How do they sleep at night?????????????