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1 Comments on What problems are you experienceing with your short sales?
Kylie, it is true they are difficult. The main thing is constant communication. especially to the buyer's agent. Let them know when the bank has communicated that they have received the package, when the appraisal (or BPO) has been ordered, when a negotiator has been assigned.
Commissions are less likely to be discounted if the list price and offer fall within the thresholds allowed by the lender. But you need to take a class in order to be able to do the math and figure out list price vs threshold.
Use remarks in the MLS such as: "Short Sale package has been reviewed by lender". or "Only 1 lender to get quick approval". If the buying agent feels that you know the processes they are more likely to write on yours.
Countrywide is the worst that we have worked with. Several others, especially Wells Fargo, are a dream. They will even be proactive and do the appraisal before they receive an offer...even on a conventional loan.
Best of luck to you.