Could Short Sales be Getting Easier? I am working a short sale in Fresno CA. First and Second with Wells Fargo. Listed it on 6/13/11 only to get short sale started. Did not put active in MLS. Had it in a temporary hold so I could print a MLS printout for the lenders. Wells Fargo had to go through the HAFA qualifcation process even though we knew it would not qualify. On June 29th, two enterprising Realtors found the listing hidden among the "temporary holds" and called me on it. They both wrote offers asap on it and the seller accepted one of them. Went through the entire HAFA process only to get the denial. Had to reenter everything into equator and finished this last week.
Today I received approval on the first and the negotiator increased the $5,000 I was offering to the second to $8,500 which is 10% of the second.
I have to say that I am quite pleased. One week and we got approval on the first. I hope the rest go like this.
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