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The short sale process can feel a lot like a wild west standoff, but there are ways to come out victorious, so let’s talk about those methods:
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Sally Morris
November 9, 2010 at 11:57 am
Of course we would hope all agents are always be aware of what type of financing the purchaser is going to need, but in these new real estate transactions, short sales, are going to be dominating the market place it is the time pay the Closest Attention to the smallest of details in the contract. We can’t take the attitude that I’ve done this before time and time again, it is same old same old, initial here, sign here and let’s get this show on the road. Short sales are a different way of selling real estate than most agents are used to and educating oneself is vital to keep up.
Larry Sarlo
November 12, 2010 at 8:03 pm
The initial package is so important and getting it right. But even when everything seems perfect, there is always someone in the loop who will allow things to linger. You got the contracts down, financing out of the way and the negotiator is working the file so you don;t have to. What to do when nothing is being done on your file? Sometimes it’s the bank, or the negotiator stalls the process, Always ask for a supervisors’ name and it the negotiator won’t give it to you, go directly to the lender and ask for the supervisor’s name. I just wrote about this on my blog. SicklervilleShortsaleRealtor.com It’s so important to have a back up plan even if means escalating the file. Everyone seems to be afraid to upset the apple cart. I agree have all your ducks in a row. Be ready for anything that can cause your sale not to happen in a legitimate time frame. It’s good for the bank they lose less money, the seller gets out, and the buyer gets his home.