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Three Top Reasons Short Sales Derail.

By
Managing Real Estate Broker with Property Management & Sales at REALTY WORKS TEMECULA, CA 92590 (951) 217-6745 01233850

Three Top Reasons Short Sales Derail. Temecula short sale Service

1. Lack of engagement from the short sale seller/homeowner.

2. The Junior lien holder (second Lender) will not agree to the short sale.

3. Poor short sale package presented to the lenders.The short sale package is the information that the lenders require to process a short sale. If it lacks the documentation required to short sale the home it will likely be ignored.

Comments (3)

Billi Evans
Murney Associates - Springfield, MO

I presently have an offer on a short sales and #2 of your three reasons is going on. Any advice on how to approach the secondary lender?

May 31, 2010 05:47 PM
Sidney Kutchuk
Property Management & Sales at REALTY WORKS TEMECULA, CA 92590 (951) 217-6745 - Temecula, CA
Property Management & Sales Experts 951-217-6745

Billi,
If you can give me more details on why your having issues with the 2nd lien holder I would be happy to try and help.

Sidney Kutchuk
www.aShortSale.com

 

May 31, 2010 06:12 PM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

I have close over twent of the short sales with only one that failed to close.  You are correct in all you are saying.

May 31, 2010 06:26 PM