Investing in a short sale

Re: 'Short sales don't come cheap' (Aug. 6)

Dear Editor:

The question was about not being able to pay back the promissory note. I am discouraged you are not informing homeowners with ALL of their options regarding a short sale. Another HUGE option and the BEST option in any short sale (in my opinion) is to work with an investor ... I noticed that you didn't say anything about asking the Realtor to discount the commission as added payment to the lender for a waived promissory note.

In my opinion, Realtors who DO NOT disclose EVERY possible option to the homeowner should be held liable. I think in the future we will be seeing lawsuits for this very reason. Realtors who don't have a clue when acting as a "professional" in finances in regards to the short sale should be sued!

Benjamin Johnson
JKB Real Estate
Florida

***

What's your opinion? Leave your comments below or send a letter to the editor. To contact the writer, click the byline at the top of the story.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.