Listing Requirement

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Has anyone had experience getting around the (up to 90-day) realtor listing requirement before a bank will consider a short sale?

Comments(7)

  • buntonent29th May, 2005

    ShortSalePro, you are correct. When contacting the bank to discuss a possible short sale, the bank (some say FannieMae/FreddieMac) requires that the property has to be exposed to the market for 90 days.
    My question is: is it ethical to ask a realtor to back-date a listing? Even if they do, it will only show on paper, and not on the computer. Certainly others have hit this roadblock, and is there any negotiation tips to get around it?
    Thanks.

  • RonInAZ27th May, 2005

    Are you saying the Realtor has a 90 day requirement? Or the bank requires 90 days on market?

  • greenbax27th May, 2005

    I am assuming this would be on an REO?

  • mojojojo_129th May, 2005

    well if the house sales, shouldnt it be a done deal? one way to end it

  • MissHelen29th May, 2005

    The realtor cannot back date a listing. That would be fraud and a violation the code of ethics and probably a few more things

  • ryand13th June, 2005

    so does anybody have a strait answer to that question?

  • bgrossnickle13th June, 2005

    "It has to be listed for 90 days". What does that mean? I
    I do not think it means that it must be listed at 90 days before they will take less than the asking price. And BTW - who is setting the asking price?

    What is the payoff for each of the liens, what is the AS-IS value of the house?

    Brenda

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