Comments on: Denver Short Sales

By: Michael Jentoft

Michael Jentoft — Thu, 11 Feb 2010 01:58:10 +0000

Kristal,
Worked with you at the previous company (the original Al days) and was always a fan of your work. Short sales are the market today, sad to say. Great post! Great web and blog.
Michael@SunriseCreekLiving.com

By: Kristal Kraft, Denver Realtor

Kristal Kraft, Denver Realtor — Sun, 01 Mar 2009 05:02:18 +0000

Shawn ~ Actually short sales are not good business for buyer’s agents. It is the business we have right now.

As for taking the property off the market as soon as you have multiple offers, as a seller I would question your loyalty. Was it to me or the agents who’s time you don’t want to waste.

As an agent I appreciate your thoughtfulness, but your fiduciary is perhaps misplaced.
kk

By: Kristal Kraft, Denver Realtor

Kristal Kraft, Denver Realtor — Sun, 01 Mar 2009 04:59:13 +0000

Bob ~ You are a wish man to spend your time where it matters most. We brokers don’t seem to have that leisure. There are way too many short sales on the market right now. We most work to get them gone. Hopefully without too much pain to the homeowner and others involved with the transaction.

By: Kristal Kraft, Denver Realtor

Kristal Kraft, Denver Realtor — Sun, 01 Mar 2009 04:57:54 +0000

Kelli, I agree with your comment about agents making short sales look bad. The reality is short sales are bad. Yes, it takes focused follow up to get the job done.

By: Shawn Root

Shawn Root — Sat, 28 Feb 2009 21:50:39 +0000

Fun short sale blog. I work as a short sale assistant and I absolutely love what I do. It does take paitence and a huge dose of caution. Once we have 2-3 offers on a property we take it off the mls, so agents do not wast time showing a property they could be at the end of the line for. It’s just good business for buyers agents too.
Thanks, Shawn Root- Key Concepts

By: Bob Lewis

Bob Lewis — Sat, 28 Feb 2009 17:36:29 +0000

I am a workaholic, but the world of short sale’s seems so unproductive, and everyone involved has isssues if you will. If it becomes the only show in town then go for it.

By: Kelli J Paddilla

Kelli J Paddilla — Fri, 27 Feb 2009 21:31:03 +0000

I agree with a lot of the information on this site. However, I close 90% or more of my short sales and most of our compliments come from other realtors. I think there are a lot of agents that make short sale look bad. The power is in the follow-up.

By: Kristal Kraft, Denver Realtor

Kristal Kraft, Denver Realtor — Sun, 15 Feb 2009 01:31:09 +0000

Hi Bob, To answer your question, yes, absolutely banks would win. Unfortunately they are not able to deal with the onslaught of short sales. Some are better than others, but for the most part our chances of getting them approved are hit and miss.

Many brokers don’t like to broadcast that fact because they specialize in the business.

My problem with that is we need to be honest and upfront with the consumer. They need to have their expectations in line with reality.

BTW I am following you on Twitter! Thanks for visiting my blog.
kk

By: Bob Lewis

Bob Lewis — Thu, 12 Feb 2009 18:45:04 +0000

Wouldn’t a short sale be a win, win? If the mortgage company reduced their losses, and the mortgage insurer minimized claim payments, and additional damage to the property was avoided. The market would not experience as much negative news, which would help to create confidence in the markets, and homeowner could sell their homes and not have a foreclosure on record. hmmm, what about the IRS?
We’re following you on twitter, you should follow us at @abc123com Thanks once again you always have great articles here!