We just completed a short sale with ACS and Wells Fargo HE. Closed yesterday above asking price less than 8 weeks from the time it went into contract. "We" is an all inclusive term as the seller was the driving force behind its success. My partner and I have found that when the seller is actively engaged the chance of success is optimized.
Our client had spent many months educating herself on loan modifications and short sales-- reading, talking, and attending short sale seminars for sellers. When she decided to go for it, she was not behind on any payments and was not able to get a loan modification. She had detailed and I mean detailed every conversation to the minute prior to choosing us as her listing agents. She interviewed several agents to find the right fit. and by the way, she found me through the Internet!!
Our client had scripted out the entire transaction from marketing to accepting an offer to closing right before her birthday. (Yes she would even admit to being on the TYPE A side. Like alot.) We strategized and refined the sales plan and we executed it successfully. My partner had a wonderful negotiator at ACS who is a gem to work with. This negotiator got right down to business without blinking an eye to move forward. Unfortunately we would have closed two weeks earlier if it had not been for the Wells Fargo Home Equity side.
When a client is active in the transaction the chances of going through increase dramatically. She did more than her fair share to insure this short sale MUST go through. She is the poster child for doing a short sale. The buyers got a lovely home well maintained and ready for the next generation of owners. Our client can move on now and celebrate her birthday coming up. Recorded yesterday June 26th!!