Is anyone else confused at all the so called “Short Sale Experts” out there? It seems that everywhere you turn you run into “Certified this” and “Certified that”. It makes me laugh! Enough with the three and four letter acronyms! Going to a class and taking a test does not give anyone the right to claim they are “Experts” on Short Sales.
Getting Short Sales closed is just one half of the battle. I have seen many agents get an approval from a bank and then move onto closing. I feel the second half of the battle is to make sure the approval is best for the seller. Is the lender asking for a deficiency judgment? Does the lender want a promissory note? Is the lender going to release all interest and liability and not hold the seller accountable? These all play into the equation. Approvals need to be reviewed and then reviewed again.
If you ask me, a three or four letter acronym as a designation isn’t important. What is important is getting Short Sale approvals with the correct wording that is going to protect the seller. I get these approvals for my clients and then we celebrate a successful closing.
When in doubt, ask the potential agent your interviewing to represent you to show you their last three or four approvals.
This is Ryan Smith from Temecula, CA signing off until next time……….
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