The banks are increasingly becoming easier to work with and many agents are learning that they need to become educated
about the short sale process.
It really makes our industry look bad when you have Realtors who don't know
anything about short sales listing properties and handing out some of the worst advice imaginable.
Many agents love to talk
about short sales in the most positive terms and then gloss over the not - so - nice consequences that they come with.
If you're in the market for a new home, or possibly looking for a way out of your current home, you've probably
heard about the short sale option.
I've been trying to learn
about short sales lately and I found this great short sale calculator that I thought I'd share as well for anyone who is interested.
Make sure you know the
facts about short sales by consulting with one of our many knowledgeable real estate practitioners.
We are going to post on what attorneys say about agents who take short sale listings and know nothing
about short sales next week.
When agents complain
today about short sales taking so long we remember the days of over a year for short sale approvals and that is without buyers walking!
You may have close friends or relatives in real estate, but they aren't truly
knowledgeable about short sales, they may hurt your chances of a successful closing.
To ask him a
question about short sales, mortgages, refinancing, homeowner's associations or any other residential real estate topic, click here.
I've been trying to learn
about short sales lately and I found this great short sale calculator that I thought I'd share as well for anyone who is interested.
Some short sales take a year.If your broker / agent said this is only a slightly longer process they were blowing smoke.There is nothing
SHORT about a short sale except the buyers patience in a deal.
I like for my buyers to be 100 % committed, although they do
fear about a short sale not closing, although I never had a short sale not getting approved whether I represent a buyer or a seller.
I like for my buyers to be 100 % committed, although they do fear
about a short sale not closing, although I never had a short sale not getting approved whether I represent a buyer or a seller.
Learn More
about Short Sales Minnesota Short sale Hardship Letter Samples Let a Minnesota Short Sale Expert help you now, Call Joe Niece at 612-305-8487.
One unfortunate
joke about short sales is that they almost always take a LOOOOONG time to complete,... [Read more...]
Salespeople must be
educated about the short sale process and be able to counsel clients effectively in coordination with appropriate tax and legal experts.
They were desperate because when they finally asked their
Servicer about a short sale they were told they had to have a contract in order for the foreclosure to be postponed and there was not much time left.
It is painstakingly clear that the agent has probably never done a short sale before and does not know anything
about short sale debt removal.
In many of the articles I have
written about short sales, I have expounded on how important it is for a seller to have a Realtor representing them that understands the process completely.