I Don't Think You Want to Talk About Short Sales in Here

By
Real Estate Agent with Lyon Real Estate BRE #00697006

A client called me about his short sale on Friday, to talk about the chances of success our third time around with his bank and to thank me for continuing the fight for him. You see, sometimes banks say no, but they will say yes with the next offer. I think it depends on their menstrual cycle. Sometimes, buyers say no to a bank's request, but the next buyer says yes. This is why I never give up. As long as I can see the other side of the river bank, I'm swimming over there.

Speaking of water, I could hear what I thought was a faucet running while I was talking with this guy. But I was paying more attention to the numbers he tossed in my direction as possible seller contribution amounts than I was to superfluous background noise. We'd already received short sale approval on his property twice from the bank. The two approval amounts formed a wide gap from each other. The latest offer was pretty low, and our new strategy was to bridge that gap, rather than look for a new offer. After all, the bank was releasing the seller from personal liability.

Suddenly, I heard FLUSH.

The seller continued to talk over the sound. I was speechless. My first thought was wow, he can zip with one hand. My second thought was the sound was too loud to come from a neighboring stall, but then how would I know? I can't recall having a conversation under these circumstances.

That Elizabeth Weintraub. You can talk to her anywhere.

I mean, what would you say?

Why don't you call me back when you're not so busy? (Oh, I'm all done now)

 

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Certified HAFA Specialistelizabeth weintraub

 

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Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

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Topic:
ActiveRain Community
Location:
California Sacramento County Sacramento
Groups:
ActiveRain Rockstars
Club Chaos
Diary of a Realtor
Lyon Realtors
Posts to Localism
Tags:
short sale
seller contribution
short sale approval
sacramento short sale agent
elizabeth weintraub

Comments 15 New Comment

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Rainmaker
295,940
Bridget McGee
Maryland Mortgage Mama NMLS#196068
Corridor Mortgage Group 410-960-2061

This takes multi-tasking to a whole new level!  

Bridget "Maryland Mortgage Mama" McGee

February 20, 2011 11:57 AM
Anonymous #2
Anonymous
Anonymous

I have one transaction that is going on for over a year.  The bank would not take $130,000 last year.  Now they will take $120,000.  What a difference a year makes. 

February 20, 2011 11:58 AM
Rainmaker
1,195,059
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Put 40 years of experience to work for you
Lyon Real Estate

You're telling me, Bridget. What are people thinking? Are they so totally consumed with their short sale that they forget where they are and what they are doing?

Hey Shirley: I've had that happen to me within a week. On Monday, it's less money, and on Friday, it's more. Makes no sense. It's just a swing of the tides.

February 20, 2011 12:03 PM
Ambassador
1,657,691
Margaret Rome, Baltimore Maryland
Sell Your Home With Margaret Rome
Broker/ Owner HomeRome Realty-Author "Real Estate the Rome Way" 410-530-2400

Elizabeth, I can see why you did not to put graphics in this post. If you change your mind, bet we could come up with a few appropriate ones. Sounds like this deal is circling the drain.

Margaret

February 20, 2011 12:32 PM
Rainer
93,682
Cece Blase
Paragon Real Estate Group

Oooh! This was a good post, from the menstrual cycle analogy to the toilet flush. Thanks for making me laugh out loud this morning!

February 20, 2011 12:40 PM
Rainmaker
1,195,059
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Put 40 years of experience to work for you
Lyon Real Estate

Hey Margaret: If I put a graphic in the blog, it would be a dead giveaway what it's about. Plus, it wouldn't be a very pretty picture. Not like, say, a kitten is a cute photo. Although I do happen to own a photo of a men's restroom. I once kicked open the door at a bar and shot a photo. The expression on their faces was great. But inappropriate for a family oriented blog.

February 20, 2011 12:41 PM
Ambassador
291,959
Linda K. Mayer
Realtor, SRES, SoCAL, A REALTOR YOU CAN TRUST
License # 01767321

That is just too funny!  At least he could wait to flush until after you guys hung up!

February 20, 2011 01:02 PM
Ambassador
1,876,289
Chris Ann Cleland
Associate Broker, Northern VA
Long & Foster REALTORS®, Gainesville, VA

Too funny to make up, that's what that situation is.  Perhaps all the talk about the Short Sale had given him a "nervous stomach." 

February 20, 2011 01:19 PM
Rainmaker
532,442
Cynthia Larsen
Sonoma County Real Estate Broker
Safe Haven Realty

Hey ... maybe he can't zip with one hand. He may have been using his hands free bluetooth. Why are there no comments from men on this post?

February 20, 2011 02:40 PM
Rainmaker
94,945
Kathie Burby
REALTOR, SFR, Tuolumne County Real Estate Guide
Real Living Sugar Pine Realty

Some people are so "connected" these days it doesn't occur to them there are some situations it may be best not to answer the phone!

February 20, 2011 03:21 PM
Rainmaker
419,861
Jim Patton
Realtor - Stanislaus & Merced county Realtor.
Century 21 M&M - 209-633-2839

Now that is one dedicated client you have there Elizabeth.  And no I would not make or answer the call when I am answering the call of nature.

February 20, 2011 04:16 PM
Rainmaker
818,637
J. Philip Faranda
Broker-Owner
J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY

He might have an earphone or blue tooth. But it is still a little silly to be so obvious. I have -ahem- "multitasked" on occasion, but that is what the MUTE button is for. You wait until the other person is speaking, mute, and make haste before you unmute. 

Not that I am an expert or anything. But I do have 4 kids. 

February 20, 2011 05:28 PM
Ambassador
1,234,075
Kathleen Daniels
San Jose Homes for Sale - Probate Specialist
KD Realty - 408.972.1822

Elizabeth – I love your can-do-never-give-up attitude. We need more short sale agents with that attitude. I’ve had a similar experience talking with someone and then hearing a flush … makes me shake my head and wonder.

February 20, 2011 06:28 PM
Rainmaker
1,195,059
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Put 40 years of experience to work for you
Lyon Real Estate

Soon as you said that, Cynthia, up pop Jim and Phil. Ha, ha, ha, Phil or at least you move the Jawbone off your jaw so it can't transmit sound. Not that I know anything, either.

February 20, 2011 09:00 PM
Rainer
276,790
Kathryn Maguire
Serving Chesapeake, Norfolk, VA Beach
GreatNorfolkHomes.com (757) 560-0881

This made me laugh!  I have seen people go into the bathroom while talking and emerge...still talking.  I always shake my head and think that there are times when multitasking is NOT a good thing.

February 21, 2011 08:24 AM
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Rainmaker
1,195,059

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents

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