Comments on: Miami Beach Condo REO (Bank Owned) vs. Short Sale Inventory Q2 2009

By: holiday_travel_tips

Wed, 27 Jan 2010 23:00:34 +0000

This is the great blog, I'm reading them for a while, thanks for the new posts!

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Wed, 02 Dec 2009 10:03:50 +0000

This is great info for everyone. Glad you posted this. I am subscribing to this blog. Steve

By: Ashton Coleman

Sat, 13 Jun 2009 13:55:37 +0000

Thank you Mary for your input. I’ve been burned once and do my best to avoid it now with so many short sales and offers out there. For instance, the buyer & myself were told that if she paid asking price and used their Title Company, the unit was “hers.” A week later the news was that another offer came in higher and was no longer the buyers. Now I place in a paragraph into the contract that makes them remove it from the market (placing as B-Backup or PS-Pending) after acceptance, allowing the buyer 48 hours to accept, counter or decline the banks approval letter.

So many agents are collecting offers and with the time lapse involved, is not ethical when other great opportunities are missed. With short sales compromising 30% of our inventory and being as attractive as bank owned, it is something we must educate ourselves on especially when buying. Proper agency representation goes a long way as many serious buyers like yourself are getting pushed to the side and may benefit from knowledge and experience in winning the short sale race.

Best regards,
Ashton

By: Mary Ann Harrison

Sat, 13 Jun 2009 09:57:11 +0000

I just want to warn potential home buyers of short sales in Miami Beach. My husband and I signed a contract (a contract!) for a condo and were told (repeatedly) that only our contract and offer was being submitted. We contacted the selling agent 3 times over an 8 week process and were reassured the sale was moving along. After 8 week of waiting we were informed that something happened to our file, and the bank took another all cash offer instead! We think this is damaging to buyers and completely unethical . Do not deal with Fortune Realty.

By: dealer auctions

Wed, 20 May 2009 02:41:02 +0000

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Tue, 19 May 2009 21:54:15 +0000

This is great info for everyone. Glad you posted this. I am subscribing to this blog. Mason

By: Ashton Coleman

Wed, 13 May 2009 16:00:03 +0000

I caught a typo on May 09 REO Inventory down 27% over March 09. Correction was made!

By: Miami Beach Condo REO (Bank Owned) vs. Short Sale Inventory Q2 2009 Video

Miami Beach Condo REO (Bank Owned) vs. Short Sale Inventory Q2 2009 Video — Mon, 11 May 2009 18:56:12 +0000

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