Benefit to Seller to getting the shortsale approved:
The worst thing on the seller's credit is a completed foreclosure. Once the shortsale is approved, and noted on their credit as paid as agreed, the seller's credit should rebound, if they are paying on their other bills as they should. Now they can move into a property they can better afford.
It's an exercise of patience for everyone, the realtor, the seller, and the buyers. This approval process, if the bank accepts the offer, is going to take at least 6 weeks, maybe a lot longer.
If you have any questions whatsoever, please feel free to contact me anytime.
Warmly,
Stephanie LeFew
Your New Tampa Realtor
Solaris Realty of Tampa Bay
813-624-3332
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