There are many short sale listings on the MLS. However, many of escrows are not closing for several reasons. What are some of the situations which lenders are approving the transaction? Are some lenders quicker to respond? Are some lenders approving more short sales than others?
This Blog is a place where agents and brokers can share their experiences so that we can get more transactions approved.
Hey Jason,
Most of mine are now due to buyers not waiting (though I gave them a fairly accurate time frame est.) or never intending to buy. Just sending out offers, for some mean reason, and never intending to purchase. I say this because many of the properties are lower than the REO and are in their price range. If it was possible to loose their deposit during banks approval then that would be a great solution. At least on my end...
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