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Top 5 Mistakes Short Sale Sellers Make
 
Top 5 Mistakes Short Sale Sellers Make is great information for anyone considering a short sale. It was written brilliantly for the Santa Maria market but it applies to most areas now days. 
 

Top 5 Mistakes Short Sale Sellers Make
As a Santa Maria Short Sale Agent, I see short sale sellers make critical mistakes time and time again.  Here is my list of the top 5 mistakes I see:
1)   They wait too long to put the home on the market.Many times sellers believe that they will work out terms with the bank and their loan modification will be approved.  However, if your back up plan is a short sale, you need to leave enough time for an agent to get an offer and present it to the bank.  Less than a week is generally not enough time to get a lender to stop a foreclosure sale -- it can be done -- but you are taking a big risk.  If you want a short sale, you need to give your agent enough time to present a short sale application to the bank.  There are routine delays with short sales; banks lose documents and packages have to be ... more

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