We have a customer who put in more than one offer on short sales. If you are looking for a house, and not sure when the offer, if at all will be accepted, why not do this? In this instance, the short sales were with the same realty and they told us their title company is requiring $1,000 down payment. They feel it is a lot of work they have to do, and they want to make sure buyer is serious and is going to "WAIT".  Again, two sides to the coin.

If they weren't serious, they wouldn't be looking with us, and if the realty decides to take on "short sales", they know what the work is. The only answer I can see is making the banks, who supposedly want to get rid of these short sales, is to answer in a more timely fashion, and no one would have objections. Everybody is regulating everything, why not this timetable?

If our buyers were to put deposits down on every short sale, and then find something, it is not an easy task to get releases of their deposit everywhere. I don't like having my buyers put money down on a house that could take up to three months or more to get an answer, and would advise our buyers to "move on".

We will always keep you posted.

Have a great day and enjoy!