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short sale

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Short sales are difficult. Anyone have better luck then me?

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July 23 - Waterford

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SCOTT BERGLUND, "pvhomes"
Contributions: 271

SCOTT BERGLUND, "pvhomes"

Real Estate Agent

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Some have better luck, some do not. Be aggressive.

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July 23

Robin Cavallaro, "RobinCavallaro"
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Robin Cavallaro, "RobinCavallaro"

New London County

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It all depends on the bank. Some are much more cooperative than others. It also helps if you stay in constant communication. Good luck!

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July 24

Chipperman
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Chipperman

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We have be processing short sales in New London county for a number of years. I believe we had more success then anyone else. We have successfully close more than forty short sales recently.

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September 23

-Penner Law Firm - -Hartford Title-, "pennerlawfirm"
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-Penner Law Firm - -Hartford Title-, "pennerlawfirm"

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They are difficult, no question. It depends on how the bank is feeling - if they feel they can do better through foreclosure, or if they think you're not being truthful about your finances, they're DOA. They also tend to be a lot of work for the attorney's and agents involved, without any guarantee of a payoff. That being said, if you can get one through, it's a heck of a lot better for the consumer than a foreclosure is.

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September 29

asugradinwa
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asugradinwa

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Should be hearing back from the bank in mid October (they wanted 45 Business days to process) so I'll let you know how it all goes.

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September 29

Linda Strasberg, "L Strasberg"
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Linda Strasberg, "L Strasberg"

Real Estate Agent

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Short sales are no different than doing any other real estate sales transaction. Everything is exactly the same.

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September 30

Nicole Borsey, "Nicole Borsey"
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Nicole Borsey, "Nicole Borsey"

Real Estate Agent

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short sales are NOWHERE near traditional transactions. They take TONS more time, paperwork, handholding, and dedication. Nothing is the same... perhaps you are thinking of REO's linda? Anyhow, if you are finding it difficult, they best suggestion i can offer you is to have THE MOST COMPLETE SS PACKAGE put together, so once they finally review it, they won't ask for "extra stuff" I have gotten SS's approved in as little as 3 weeks, and as much as 6 months, it all depends on how complete the package is, and how much of a loss. If you need help with packages, there is a NAR recognized designation, CDPE... Certified Distress Property Expert. CDPE.com.... check it out! and GOOOD LUCK! :)

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October 01

Renee Sabath, "Renee Sabath"
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Renee Sabath, "Renee Sabath"

Real Estate Agent

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I have been closing %100 of my short sales (knock on wood). Yes they do take a lot of work and the listing agent must be very detail oriented and able to stay on top of things. When I list a short sale I 1st go over all the personal circumstances with the owner to make sure that a short sale is right for them. Once we list the property I screen the potential buyer's or buyer's agents to make sure they understand the process they will be entering into. It is not a situation to enter into lightly and the committment of the buyer is what keeps the whole thing together ultimately so this step is very important to me in order for me to protect my seller.

Then I spend an enormous amount of time following up with the bank. Weekly and sometimes more often because many of the banks are so back logged that a file can be virtually lost in the shuffle if no one is making contact. Follow up is one of the most important aspects of getting the short sale approved. It is definately not for everyone but a great many sellers now a days can find relief and I am happy to help.

I hope this helps. Please feel free to contact me in the future.

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October 01

Nicole Borsey, "Nicole Borsey"
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Nicole Borsey, "Nicole Borsey"

Real Estate Agent

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RIght on Renee! :)

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October 02

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