Special offer

Sharing my personal short sale story - Part 4

By
Real Estate Agent with Allison James Estates and Homes BRE# 01875177

Today I am sharing a few lessons learned during the short sale process:

 

  1. Communication is key - One of the biggest ways to make your short sale successful is to stay in constant communication with your Realtor and bank.  So many short sales fail to help you avoid foreclosure because the homeowner does not convey important information to the Realtor from the bank!  Some typical examples include Notice of Default, Notice of Trustee Sale and other various forms of communication to you the homeowner from the lien holder(s).
  2. Don't worry - One of the important things we learned during our short sale was to stop worrying!  Worry leads to stress and stress leads to other major issues.  A good Realtor will stay in contact with you keeping you informed about your short sale.  At this point of the short sale transaction, the power is in the banks hands and there is no sense in worrying because it just causes unnecessary stress on you, your family, marriage, etc.  Take a deep breath and remember to enjoy life.
  3. Life's too short, spend time with your family and friends - One important tip to a successful short sale transaction is to "Get Away" like the airline commercials say.  Sometimes one of the best things you can do is find something that gives you joy, church, family, friends, games, hobbies, etc. and do that from time to time.  I'm not saying you completely forget about your short sale, I'm just suggesting that if the power is in the banks hands, why sit around the phone stressing for 30 days to 6 months waiting for a call from the bank?  Go out and have fun.  Life is too short!

 

Tamra Lee Ulmer
Arizona Resource Realty - Payson, AZ
NRBA ~FORCE~ Over 1000 REO Assets SOLD!

These are excellent tips and advice! It is a good reminder that life is too short not to enjoy it!

May 18, 2010 06:35 AM