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Answers (4)
Best Answer
- Christina Lazrak, "LazrakDuRoss"
- Contributions:112
Hi Peter, go to www.cdpe.com We got trained and now we negotiate our own short sales. We've gotten approvals within 10 days of submitting a package.
- Kenny Wagner, "kennywagner"
- Contributions:10
I second Lazrak DuRoss above.
Get trained and do it yourself and when you have more than you can handle hire someone and then you can train them or send them to the same training that you went through. Here are a few suggestions in addition to CDPE. Good luck!
Certified Distressed Property Expert
Harris Real Estate Univ - Agent Short Sale Class
Certified Short Sale Professional
Short Sale Superstars - Fellow Short Sale Agents Networking
Kenny
Blog on Short Sale & Foreclosure Info
Get trained and do it yourself and when you have more than you can handle hire someone and then you can train them or send them to the same training that you went through. Here are a few suggestions in addition to CDPE. Good luck!
Certified Distressed Property Expert
Harris Real Estate Univ - Agent Short Sale Class
Certified Short Sale Professional
Short Sale Superstars - Fellow Short Sale Agents Networking
Kenny
Blog on Short Sale & Foreclosure Info
- Linda Strasberg, "L Strasberg"
- Contributions:2315
List the property for less than what foreclosures are selling for within the area...this will generate a lot of interest in the property....submit multiple offers with short sale addendum with financing or cash in place to lender along with hardship letter of seller for banks approval and acceptance....and be prepared to wait a little while. When it's a great property the buyer shouldn't mind waiting as long as they are aware that it is up to the bank to decide what short sale payaoff amount is acceptable to them subject to their BPO.
- FriendshipProperties
- Contributions:783
In a nutshell ..
- Put home on market for Current Market Value.
- Submit best offer to bank with 'Short Sale Package' (aka Proof of Hardship)
- Bank sends out Appraiser or BPO Agent
- If offer is with-in 85% of BPO, generally the short sale will be accepted. Lender sends a letter of payoff acceptance and requests a closing with-in 30 days.
- Put home on market for Current Market Value.
- Submit best offer to bank with 'Short Sale Package' (aka Proof of Hardship)
- Bank sends out Appraiser or BPO Agent
- If offer is with-in 85% of BPO, generally the short sale will be accepted. Lender sends a letter of payoff acceptance and requests a closing with-in 30 days.
I am looking for detailed information on the Short Sale process?
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- 0.0/5.0
- (no reviews)
Contributions:3Does anyone know of a website that gives detailed information on the Short Sale Process, specifically in Massachusetts?
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