Dealing with sellers is not something often talked about, yet it is a crucial part of the Short Sale process. I have had sellers who sabotaged their own short sale, and I think it is important to dedicate a discussion to the psychology of sellers and how to address them.
[...] I spoke with a homeowner that told me that she purposely stopped paying her mortgage so she could get a loan modification.
There are people out there who try to manipulate and use things to their advantage, unfortunately. I spoke with a homeowner that told me that she purposely stopped paying her mortgage so she could get a loan modification. She said she wasn't planning on leaving or a short sale. Well, what happens if she doesn't qualify at the end of it all? She may lose her home.
[...] He actually wanted me to list it as a short sale, get an investor (no one other than an investor) to purchase it so that he could lease purchase it back from the investor! [...]