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A short sale is not a "Get out of Jail, FREE" card!
  A wise warning to people who don't have a hardship....though in our experience, hardships are genuine and few people are electing to try to "scam the system."  But know for those who even consider it...the 3rd party proof of the bank account, tax return, numerous affadavits will make unrealistic for a selling a home as a short sale, very difficult.
SHORT SALES... the bane of our existence.  But like it or not, for the moment, they're here to stay, so better edumacate yourself.
They can be difficult, long, and still end up at the end of the day, not resulting in a transaction.  Frustrating, I know.  But the banks are becoming better and better and handling and understanding short sales.  They recognize, within reason, that a short sale is a better result for them, than a foreclosure, and they're trying.
So where does the failing in most short sales lie?  It often lies with the agents.  The listing agent doesn't understand what's necessary, and how to communicate with the bank, and the buyer's agent doesn't understand what they need to submit with the offer to "lubricate" the offer.
So.. this week, Andrea Seeley, an agent in our downtown Evanston Coldwell Banker ... more

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