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Updated almost 15 years ago on . Most recent reply

Mary R.'s profile image
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Mary R.
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  • from Tucson, Arizona
  • Member since May 24, 2009
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Mary R.
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  • from Tucson, Arizona
  • Member since May 24, 2009
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Mary R.
  • Investor
  • Tucson, AZ
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Foreclosures

Coldwell Banker

Mary R.
  • Investor
  • Tucson, AZ
Posted

Does anyone know how Caldwell Banker does with their short sales? A friend has an offer on one of their short sales, and they haven't done anything on it. She's had the offer on for 5-6 months.
Is Caldwell doing the same as BofA as far as holding properties and selling them as REO's instead?
Should she hold on for a while or look elsewhere?
MRead

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Jon Holdman
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  • Mercer Island, WA
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

Look elsewhere. I'd never count on being able to buy any specific short sale (or REO). It takes lots of offers to buy one property. If your friend makes one offer and waits six months, they will be at this process for years.

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