Lots of agents and consumers complain that "short sales aren't short"....and the list of "What if's" comes tumbling out of their mouths...what if....the bank doesn't do this, the sellers don't do that, the file gets lost. etc. The imagined list of reasons for not closing in their lifetime goes on and on...that is not our reality.
One of the things that can shorten the closing of a short sale is having the BUYER'S lender stay on top of the transaction....as a listing agent we find it necessary to give the selling agent and the buyer's lender frequent reminders of the deadlines involved...the appraisal to be done...the underwriting to be completed. The mentality on the part of many lenders is that they have x MONTHS to close....forget what the offer says....or that there may be an option to close BEFORE the date on the offer....assuming that everything takes longer and not being ready to pull the closing finger....does make short sales not as short.
Short sale listing agents know the territory....be ready to close....Selling agents, Buyers and their lenders...on your mark....get set....Close.....And live happily ever after.
If you or someone you know, anywhere in the country is unable to pay their mortgage for reasons of hardship, call the Hansons for a referral to a qualified professional to help you with the options available to remedy your situation. There is a brighter day...let us help you find it.