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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Net to Seller Posted by CC in OC on July 09, 2008 at 10:25 PM In Reply to: Re: In the trenches with short sales posted by barry on July 09, 2008 at 9:50 PM I didn't mean that Loss Mit Reps are able to exercise any discretion whatsoever--they aren't--so as to obtain for the investor's bottom line the highest price possible. I meant that they don't lay down for the first offer presented; they nickel and dime the line items according to the net worksheet they follow. Fannie (at least) understands that it will net more through short sale--which, in my opinion, is why they shortened the seasoning period for short sale from five to two years. In so doing, they have provided ample incentive to the homeowner to short sale his property rather than forcing Fannie--(Freddie will soon follow suit)--to foreclose, etc. As more and more properties default, short sale will become the option of FIRST choice. Really, investors waiting for properties to pile up at the auctioneer's table need to think twice; possibly, even, get hip to short sales. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : I didn't mean that Loss Mit Reps are able to exercise any discretion whatsoever--they aren't--so as to obtain for the investor's bottom line the highest price possible. I meant that they don't lay down for the first offer presented; they nickel and dime the line items according to the net worksheet they follow. : Fannie (at least) understands that it will net more through short sale--which, in my opinion, is why they shortened the seasoning period for short sale from five to two years. In so doing, they have provided ample incentive to the homeowner to short sale his property rather than forcing Fannie--(Freddie will soon follow suit)--to foreclose, etc. As more and more properties default, short sale will become the option of FIRST choice. Really, investors waiting for properties to pile up at the auctioneer's table need to think twice; possibly, even, get hip to short sales. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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