http://activerain.com/blogs/roseo en-us http://activerain.com/blogsview/1102732/when-time-really-is-of-the-essence-a-short-sale-with-a-happy-ending-tarzana-ca- <p>I know most short sale transactions are nightmares, but I want to share a recent great experience:&nbsp; I represented a&nbsp;cash buyer (I know, that in itself is a great experience), the listing agent already had six offers on a property but&nbsp;told me what was necessary to beat the other cash buyers&nbsp;out.&nbsp; The seller accepted my client's offer and the offer was submitted to the bank for approval.&nbsp; The approval was received in six weeks giving us eight days to close.</p> <p><strong>Crucial difference in this short sale transaction?</strong>&nbsp; The listing agent, who&nbsp;obviously knew his stuff,&nbsp;opened the escrow with the buyer's good faith deposit&nbsp;and the escrow papers were signed <span style="text-decoration: underline;">prior</span> to the bank's approval. Upon approval,&nbsp;all the&nbsp;reports and disclosures were dealt with and we got the transaction closed in eight days.&nbsp; I know this could possibly be&nbsp;the only time in my real estate career that I'll have such an easy and&nbsp;perfect transaction, but for now, I'm savoring the moment!&nbsp;</p> Rose Osman (John Aaroe Group - Aaroe+Williamson Division) Fri, 05 Jun 2009 00:34:44 -0500 http://activerain.com/blogsview/1102732/when-time-really-is-of-the-essence-a-short-sale-with-a-happy-ending-tarzana-ca-