Short Sale Pocket Listings

[Steve K]

I’m guessing we’ve all been victims of non arms length short sale pocket listings several times. Yesterday I bid $50k over asking with no response from the listing agent. Same story, different day.

I'm going to have my attorney contact the attorney handling the bank side of the foreclosure and pass along my offer in the event that the accepted offer was lower than mine. It's my hope that the attorney will pass this offer along to the asset manager. Maybe that will get me somewhere and maybe it wont.

Has anyone done this successfully? Any other strategies that might help? I'm tired of the unethical agents and sellers but i realize they're just part of the current landscape.