Your house is technically still active until escrow closes. A diligent agent will already have had this changed from under contract to active.

I guess you are correct.
Nothing like when the cons found out there were no WMD's in Iraq.

Agents can also play a roll in bringing the technology to the buyers AND sellers. Impressing them with what YOU as an agent can do with the technology is a good thing. As mentioned in the Wall Street Journal article yesterday, these Listing eCards stand-out from your run of the mill vtours… http://www.RealEstateEcards.com

WSJ article “Technology That Can Help With a Home Sale”

cheers, August

Two separate issues, in regard to the lease and a short sale, the lease is binding upon the new buyers, you can not evict based upon a willingness to do a short sale, and you may have to bribe them to leave

Now depending on your lease contract you may be able to evict for failure to allow showings, this will assume the proper notice to show is given, if so and they refuse, you can document, then serve notice to cure and if they then fail to allow entry move to evict based upon lease violation

Ask the realtor to to get the seller to modify the contract. If realtor cannot do this get to a lawyer right away.

ITookTheRedPill said:John Deaux,I realize that you left the /sarc tag off, but it’s not the Bush economic policies that failed – it was the Democrats’ Carter-Clinton-CRA,

Especially in todays current market I think people are using realtors because they are confused what to do and questioning every step of the way due to current lending crisis affecting the real estate industry. People are cautious and want to buy at the right price and feel an agent can best represent the market and there home sale.

A realtor on a daily basis is constantly in touch with current market value street by street as they sell the plethera of foreclosures.

The very first thing you must do is to get the seller to authorize the lender and the foreclusre attorney, to release information to you and also allow you to negotiate a contract ith them. If they don't see that signature..they can not legally discuss the foreclosure with you. Once you have this letter..you need to have your attorney (one that is well versed in short sales) send the letter and a request for the payoff amount to both the lender and their atty. Usually It will take several days for a response.

The key to getting them to respond is to HIRE AN ATTORNEY! I tried this myself, had all the documents and couldnt gret anyone to return my calls. Funny,….I got another attorney involved and we had a return call in 3 days!

Don't assume because the seller has a statement with their payoff that that is correct….often they don't know that there are thousands of dollars in foreclosure fees, atty fees and interest that is acruing daily. Once you have the true payoff..offer less (Short sale) write a contract, have the
seller sign it..have your attorney fax it back to the lender and their atty. Make SURE you have proof of funds or a NON CONTINGENT preapproval letter that is going to go with that offer. The stronger you look, the sooner you can close the more likely the bank will say yes! Good luck..email me if I can be of more help!

Vicki Watzlawick
Broker Owner
Exit Platinum Realty
http://www.vickisdreamhomes.com

So , you didn't really buy it , you made an offer and it was not accepted buy the bank, no matter what the owner said as far as acceptance, the bank is the one who has to give final ok. You don't have a deal and your agent sounds as if they are clueless to the process or it would never have gone onto foreclosure as they try to work with the owner.
And , since you never had a deal, you get your EM back.

A short sale is a lengthy process if the bank has not already approved the listed sales price.Let it go to foreclosure and you may get a better price on it.