user582677 Reviews Writtenuser582677
Ratings & Reviews
Showed home in 2012 in Biltmore, Glen Allen, VA 23060.
Response from David on 08/17/2012
As an experienced distressed property agent (CPDE, SFR, & Five Star Short Sale certified agent), I educated this buyer on the possible 3rd party responses to his short sale contract. As predicted, the bank countered with a counter-offer (which they do about 90% of the time). Given that the bank's counter was very fair - within 2% of his contract price, I did recommend that he accept the offer (assuming that he still wanted the home). He refused, which is certainly his right, but then delayed in signing the release of contract. So, the seller who was/is facing foreclosure informed me that they may pursue legal action against my client and as I am duty bound, I relayed that information to my client. It took several attempts to get the Release executed. Unfortunately, this buyer seemingly blamed me (his own agent) for the seller &3rd party bank's decisions. I wish him the best for the future and look forward to my next short sale or foreclosure transaction!