"OUR BANK POLICY IS TO NOT ACCEPT SHORT SALES"

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Real Estate Agent with Right Choice Realty - Cape Coral & Fort Myers, FL SL3150658

I recently blogged about a short sale I have listed where we had a very strong offer and the bank told me "OUR BANK POLICY IS TO NOT ACCEPT SHORT SALES".

UPDATE:  The bank was Tier One - I was told last week they have been shut down by the government - anything anyone knows on this would be greatly appreciated!

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Rainmaker
315,692
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

We have some local banks in our city with the same policy. They take the houses to foreclosure and lose more. Not sure what their logic is.

Aug 18, 2010 09:29 AM #1
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Rainmaker
332,480

Terry McCarley

REALTOR, SRES, CDPE - Cape Coral, FL
Have Questions About Cape Coral? Just Ask Me!
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