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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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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Rainmaker
309,091
Bridget McGee
Corridor Mortgage Group 410-960-2061 - Baltimore, MD
Maryland Mortgage Mama NMLS#196068

This takes multi-tasking to a whole new level!  

Bridget "Maryland Mortgage Mama" McGee

Feb 20, 2011 11:57 AM #1
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. 

Feb 20, 2011 11:58 AM #2
Rainmaker
1,255,078
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

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.

Feb 20, 2011 12:03 PM #3
Ambassador
1,739,283
Margaret Rome, Baltimore Maryland
HomeRome Realty - Baltimore, MD
Sell Your Home With Margaret Rome

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

Feb 20, 2011 12:32 PM #4
Rainer
93,732
Cece Blase
Paragon Real Estate Group - San Francisco, CA

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

Feb 20, 2011 12:40 PM #5
Rainmaker
1,255,078
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

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.

Feb 20, 2011 12:41 PM #6
Ambassador
294,754
Linda K. Mayer
License # 01767321 - La Verne, CA
Realtor, SRES, SoCAL, A REALTOR YOU CAN TRUST

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

Feb 20, 2011 01:02 PM #7
Ambassador
2,004,571
Chris Ann Cleland
Long & Foster REALTORS®, Manassas, VA - Bristow, VA
Associate Broker, Northern 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." 

Feb 20, 2011 01:19 PM #8
Rainmaker
549,779
Cynthia Larsen
Safe Haven Realty - Cotati, CA
Independent Broker Serving Sonoma County, CA

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?

Feb 20, 2011 02:40 PM #9
Rainmaker
95,595
Kathie Burby
Real Living Sugar Pine Realty - Sonora, CA
REALTOR, SFR, Tuolumne County Real Estate Guide

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!

Feb 20, 2011 03:21 PM #10
Rainmaker
434,894
Jim Patton
Century 21 M&M - 209-633-2839 - Turlock, CA
Realtor - Stanislaus & Merced county Realtor.

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.

Feb 20, 2011 04:16 PM #11
Rainmaker
852,463
J. Philip Faranda
J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY - Briarcliff Manor, NY
Broker-Owner

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. 

Feb 20, 2011 05:28 PM #12
Ambassador
1,369,544
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - San Jose Probate Agent

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.

Feb 20, 2011 06:28 PM #13
Rainmaker
1,255,078
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

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.

Feb 20, 2011 09:00 PM #14
Rainer
276,890
Kathryn Maguire
GreatNorfolkHomes.com (757) 560-0881 - Chesapeake, VA
Serving Chesapeake, Norfolk, VA Beach

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.

Feb 21, 2011 08:24 AM #15
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Rainmaker
1,255,078

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

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