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Active Rain Masterminds - The Short Sale Process
 
The Masterminds brought a new challenge, working collaboratively, and working collaboratively is what is needed to improve the short sale process!  Cooperation between banks, agents and the public to make it a viable option for even those buyers on a tight timeline.
Thanks to our fellow bRain Power teammates for their work on developing this possible solution!
 
Given that short sales have been steadily on the rise and are among the most widely discussed transactions in real estate, it's no small wonder that pondering on a solution was the first task for the MMC (MasterMind Challenge).
 
Our bRain Power team are Cindy Marchant (Cindy in Indy), Dan and Amy Schuman, Rita Fong, Jerry Newman, Liz & Bill (BLiz) Spear and yours truly, Charita Cadenhead(AMB from Bham). 
Without question, a key aspect of short sell success, would be to create a unified system of short sale practices.  This, I am certain, will be the recurring theme among all participants of the MMC.
1.      The uncertainty of what banks need upfront is in essence the first leading cause of delay.  This is a leading cause since providing documentation leads the way into the process.
2.      Secondly, the entire short sale process ... more

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