Why is it that every buyer I currently have is only interested in a “short” sale? Has there ever been a bigger real estate misnomer than a “short” sale? Shouldn’t these sales be called “longest sale in history provided I can even get a response to my offer” sales.  Here’s what I would I like to see happen with short sales.

     First, when you enter the property photo in MLS, you enter the photo upside down. This would immediately notify everyone that the seller is upside down in their mortgage. Second, the listing agent signs an affidavit, which is entered as an attachment to the listing that states the seller actually meets all three necessary conditions of a short sale – insolvency, monthly shortfall and hardship. Owning more on the property than it will sell for does not solely qualify you for a short sale.  Are you agents listening? Third, if the seller has both a 1st and a 2nd mortgage, it be clearly stated so in the agent comments so I can know to avoid this property like the plague. Well, that’s my thoughts for the day on short sales. Hey, agents, have you got any additional comments?