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Updated almost 14 years ago on . Most recent reply

User Stats

41
Posts
3
Votes
Brandi Paul
  • Residential Real Estate Broker
  • Orange County, CA
3
Votes |
41
Posts

Short Sale Flips-MLS info

Brandi Paul
  • Residential Real Estate Broker
  • Orange County, CA
Posted

Hello,
I have a question regarding what information is best to disclose in the agent only remarks section of the MLS listing when listing a short sale flip. Do you note that it is an investor flip? It seems to cause confusion with agents who look up the property and see that is has a NOD or NTS but isn't listed as a short sale because an investor has already contracted to purchase it and is having it listed to find the C buyer.
Any advice and/or experiences shared would be much appreciated.

Most Popular Reply

User Stats

194
Posts
46
Votes
Corry Taie
  • Menifee, CA
46
Votes |
194
Posts
Corry Taie
  • Menifee, CA
Replied

I have it listed, then when I get an offer, I ALWAYS counter back & let the know 2 things.....

1) Contingent upon acceptable s.s. acceptance to seller & successful closing of sellers previous transaction.

2) Seller to become owner of record prior to closing of this transaction.

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