Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Good Ideas
Nusetlock.com




REO Prep Foreclosure Listings




BPO REO Secret System




How To Advertise Here

More Good Ideas!
real estate newsletters


Real Estate Websites for Realtors




Build your brand on a Real Estate Site





Facebook
Topic Options
Rate This Topic
#394148 - 11/07/11 02:27 PM Short Sales & Appliances
zpcsc Offline
Veteran Member

Registered: 08/29/05
Posts: 751
Loc: Florida
I have a short sale that the homeowner wants to keep the appliances. Is this acceptable on a short sale? I thought it was as long as I disclose it on the MLS, but I have other associates saying not allowed.

Please advise.

Top
#394150 - 11/07/11 02:36 PM Re: Short Sales & Appliances [Re: zpcsc]
Grampa Offline

Major Contributor

Registered: 06/30/09
Posts: 2255
Loc: Margaritaville
Originally Posted By: zpcsc
I have a short sale that the homeowner wants to keep the appliances. Is this acceptable on a short sale? I thought it was as long as I disclose it on the MLS, but I have other associates saying not allowed.

Please advise.


The only difference between a short sale and a conventional resale is that the seller's mortgage company must agree to be paid less at closing than the balance of the mortgage.

The appliances belong to the seller. They can leave them or they can take them provided buyer agrees and the bank is aware and also agrees.
_________________________
"Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind."
Dr. Seuss

Top
#394188 - 11/07/11 11:35 PM Re: Short Sales & Appliances [Re: zpcsc]
acor2121 Offline
Member

Registered: 08/13/06
Posts: 50
Loc: ca. usa
The appliance a seller would take if the sale was regular is kind of accepted on a short Sale. Stove, stove hoods, dish washer, build in microwave, water heaters,light fixture an such should be left behind in other words don't strip the house or nobody will buy it at a price the bank think it is worth, also taking appliance just to place them in storage could get expensive.
_________________________
harvest your dreams

Top
#394195 - 11/08/11 05:02 AM Re: Short Sales & Appliances [Re: zpcsc]
PA Roadkill Offline
Major Contributor

Registered: 11/15/06
Posts: 2050
Loc: The Middle of the Interstate
Appliances are personal property and the definition of personal property versus fixtures has as much to do with how it is affixed and whether removing it would create damage as it does with value.
For instance, I've had foreclosed properties with air handlers, furnaces and heat pumps removed. These things probably ended up in outdoor flea markets and garage sales. Kitchen cabinets are another item that frequently get removed.
_________________________
Broker-Owner Thirteen Years REO Experience
GRI,CRS,CRB,e-Pro

Some days I feel like the bug, other days I feel like the windshield



Top
#394961 - 11/18/11 06:00 AM Re: Short Sales & Appliances [Re: zpcsc]
Chris_S Offline
Member

Registered: 11/18/11
Posts: 40
Loc: USA
I would think it would be fine.

Top






Moderator:  Agent 007, Grampa, jbt4re 
Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Good Ideas!
real estate newsletters




How To Advertise Here

Sponsors

Newest Members
CourtneyFields19, theshortsaledude, toorgeman123, D best Realtor, Nilufar Yeasmin
21439 Registered Users
Who's Online
8 registered (DP1157, knr0719, DueDiligence, barb43, Peace ☼, SBbkr, 1 invisible), 160 Guests and 0 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Vermont 78
KingofBPOs 55
Brit16 51
super realtor 37
DueDiligence 36
Bigtoe 35
Averis 34
johnnyloans 34
SoldWithVideo 32
Kjmendy 29
RIzwan 29
Scintillion 25
75Corvette 25
Doin' bpose 24
Brad - W4BJM 23
(Views)Popular Topics
No new orders today 4758199
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 2708334
Stupid MLS comments. 959123
EML 458010
Evalonline 299689
What do you know about Froy Candelario, top agent in USA 291088
Land America 285007
New HUD Listing Brokers---Any Update? 269792
Mainstreet 261768
Pay it Forward - BPO/REO Tips & Tricks I & II 239431
Stupid QC comments and BPO requirements. 230798
Is there religious content in Buffini class? 225898
FARVV 177251
REOTRANS 160818
Let's talk about our cars 147832
USRES / RES.NET 147658
asset val seminar in colorado 144137
AVM Bpos 139643
FARVV 126764
PAS 118332
Featured Member
Registered: 05/04/12
Posts: 34

How To Advertise Here


This site presented by RNC Internet Services