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.
10 Comments on Sometimes Short Sales aren't as Short Because....
No, they are not short. The seem to take FOREVER...
Just got an approval in 9 days....hi ho hi ho...it's off to closing we go !
Wish I could avoid short sales, but if you want to do any business, you have to deal with them :-(
If you can't lick 'em...join 'em...we actually DO like them...the pay is not just in dollars and cents but the sense you get of helping people....and isn't that what this business is all about ?
Your comment #4 deserves accolades! Well said...............
Thank u Roger...if the only reason any realtor is in business is for their bank account, they should hang up their license or wake up and ....the best part is not the money....have a great day !
I haven't had one approved in 9 days, but overall the banks are moving more quickly!
You guys have done a wonderful job finding the brighter days for many, now happy, families. Great job!
Thank u Kristin...it's a lot of what makes being a Realtor worthwhile !
There are many, many bright days ahead, but too many people like to just sit back and complain and hope that someone else solves the problems.