How many sellers dont bother to send you the paperwork?

[Account Closed]

for those of you doing short sales, how many sellers start out being very cooperative, then just up and quit you, and dont bother to complete the required paperwork? Lets say you have the following after initial contact with the seller.
- power of attny, notarized
- warranty deed, notarized
- signed sales contract

Now, supposing the sellers just give up, move out and refuse to complete the rest of the required paper work. I would think my best option would to just simply move on to the next deal and not bother pursuing the deal any longer if the sellers no longer wish to cooperate. If I still want the property, I could jsut wait until the bank gets it, but I dont think I could use transactional funding the same way, or at all, or could I. Just a thought that got me to wondering about how to keep my options open.

[James Ward]

Randal,

I go about it a little differently. We do not sign anything with a property owner until they notify us that they have acquired all the paperwork.

I know, I know- What if some other investor jumps in and takes the deal, due to me not signing anything yet. Well, if it happens it happens.

But over time, lots of time in fact, we have found that by letting the property owner get back to us,we do not waste any of our time waiting. I even had one call two(2) weeks ago. He said, "remember me, I just got the paperwork together." I had no idea who he was. I looked back and we had spoken in July. He was now ready and we are moving along.