Believe it or not, there is a lending institution that recognizes the need to be proactive rather than reactive to the growing number of short sales in Central Florida.
As many sellers, buyers and real estate agents know, the short sale approval process at most banks takes months (if not longer); and even when progress is made, less than 30% of short sales actually end up closing.
While there are many reasons surrounding the low closing ratio, one of the most common reasons is the length of time it takes to get a response to the buyer’s offer.
Wachovia Bank recently unveiled a new program in Central Florida called Fast Track. This new program was developed for homeowners holding loans with Wachovia, Wells Fargo and World Savings banks in hopes to expedite the short sale approval process.
The Fast Track program differs from the traditional “wait and hear” process because all listing prices are pre-approved and once an offer is executed, there is a guaranteed response time of 10 days or less.
As a REALTOR specially trained in the Fast Track program, we look forward to helping many Central Florida homeowners with their short sale approval and strongly believe that this program will change the way sellers, buyers and real estate agents perceive short sales for years to come!
For more information about the Fast Track program or how your can register for a Confidential Interview with the local Recovery Asset Manager, please visit YourHomeOurPriority website today!
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