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RE Moments

Foreclosure Seller: What Else Could I Say?

This afternoon I completed the most depressing, disheartening listing appointments of my career. It wasn’t the first time I met with a seller facing foreclosure but it was the first time when I felt there was nearly no chance of getting a sale in time.

I did everything I could to let the owner know we’re taking a shot in the dark … with a trustee sale looming in just over three weeks, the odds of me finding a buyer at a price that will allow her to pocket something are almost nil.

But it might happen. And how could I tell her that I wouldn’t take the listing? How could I say that while that there’s no hope of a minor miracle, even if that’s almost certainly true?

This wasn’t a victim of greed or of poor timing or of biting off more than she was able to chew. It was a good person who got herself into a bad situation that extends well beyond her home’s four walls.

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How I can help her get out of the situation I don’t know. But I couldn’t say I wasn’t going to try. I just couldn’t.

Written By

Jonathan Dalton is a Realtor with RE/MAX Desert Showcase in Peoria, Arizona and is the author of the All Phoenix Real Estate blog as well as a half-dozen neighborhood sites. His partner, Tobey, is a somewhat rotund beagle who sleeps 21 hours a day.

2 Comments

2 Comments

  1. Teresa Boardman

    December 4, 2007 at 5:48 pm

    unfortunately I have listing appointments like that too often I have successfully negotiated some short sales. It takes patients and nerves of steel but I just keep telling my self the outcome will be positive and it isn’t over until it is over.

  2. Athol Kay

    December 4, 2007 at 6:25 pm

    You got voicemail JD.

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