Selling Poinciana One Property at a Time.: Is Placing Too Many Restrictions On The Buyer Harming Your Seller?

Is Placing Too Many Restrictions On The Buyer Harming Your Seller?

short sale superstars


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Here are this week's Superstar discussions.


Sellers Instruction to listing agent

I've showed a couple of short sale properties that have sellers instructions attached to the listings. I view this practice as intrusive a…

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Short Sale Timeline Help!

I am currently in a contract on a short sale which the seller/owner accepted about 90 days ago. The offer was submitted to the bank (Bank…

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In short sale for 18 months, buyer, we closed 10-3-12, bank rescinded approval on 10-2, we recorded...

and closed on 10-3-12, but about 2 weeks later we got a notice of trustees sale on our door, it has the old owners names and our names and,…

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Another Arm-Length Question

Can you Owner of a Short Sale legally sell his/her furnitures, appliances, deck?, blinds, etc. to the Buyer? If so, can it happen legally…

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New Law stating SHORT SALES as bad as FORECLOSURES?

Hi All, Just wanted to see if anyone has heard about a new law recently passed. I was speaking to a lender and she is pretty knowledgable…

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Reply by Jeff Payne

Fannie Mae has become unreasonable on their asking price

Over the last few months, it has become apparent that Fannie Mae is more interested in foreclosing than approving short sales. The scenari…

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11 yesterday
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Comment balloon 3 commentsBryant Tutas • November 04 2012 05:03AM


BB, I read through the first link, sellers instructions to listing agent. If my memory serves me correctly I have gotten tangled in a similar discussion before. I can see the sellers point, and I would assume that the listing agent is the one who suggested it. I can't argue the point. I am one who does not put multiple offers in on multiple properties. If my buyer has put in an offer that has been accepted by the seller, short sale or not, I am not going to be writing up other offers until we are out of the first offer. Otherwise it is entirely possible my buyer could be on the hook for 2 houses. I am sure there is a way out of one of them, but it is, IMHO, a bad idea.

Posted by Andrea Swiedler, Realtor, Southern Litchfield County CT (Berkshire Hathaway HomeServices New England Properties) over 6 years ago

HA!  I don't believe that there will be any difficulty getting a buyer to sign this promise WHEN THE SELLER/AND LENDER CAN GUARANTEE IN WRITING that the lender will accept the buyer's offer in XXX days.


Posted by Lenn Harley, Real Estate Broker - Virginia & Maryland (Lenn Harley,, MD & VA Homes and Real Estate) over 6 years ago

I'm intrigued by the dramatic story about the bank rescinding an approval and then a transaction closing. Sounds like trouble.

Posted by Melissa Zavala, Broker, Escondido Real Estate, San Diego County (Broadpoint Properties) over 6 years ago

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