No one wants to face reality the party is over

So THAT'S why my low-income tenants were wearing party hats and dancing the two-step.....All aboard the gravy train!

Do you usually stay in contact with all parties and the title company to make sure everything is going smoothly?

Funny part is, I have one hell of a case study on how RE cycles work here in SWFL.

We'll have these bailouts until the fundamental banking system is changed, no matter what party runs things.

to get maximum exposure to the market.Also, the pricing of the short sale will be fixed by the bank in a Broker's Price Opinion (BPO) according to the comparables, so no matter what price your homeowner agrees to, it has no standing when the bank names their price for the house.I only way I can see you making money on this is if you either refer it for a fee to a short sale specialist in your area (please check to see what the referral laws are in your state) OR buy the house yourself if the BPO comes in at a good price.

What does CR stand for?

So would just having a signed contract with both parties acknowledging payment be enough, or would I need copies of checks as well?

I have been in contact with them, but they seem intent on trying to sell the house and make the owner a profit.Unfortunately, it appears as if you are working with a realtor that doesn't "get it".They will be a road block until all parties recognize that it is a short sale situation.

We deal with them all the time and the selling party is required to pay them off (unless you negotiate something different).