Are Short Sales Anything But Short?

Short sales have advantages & disadvantages to both the buyer and the seller. While the seller is struggling with the possibility of foreclosure, a short sale is another option they can pursue which has a smaller hit on their credit, however, they need to be prepared to produce a multitude of documents including tax returns, income statements, budget analysis, letter of hardship and much more. Both the buyer and seller need to understand that this process can take several months to accomplish. A large part of the difference in the time it takes is simply the choice in real estate professionals they choose to work with. An agent who isn't highly skilled and experienced in the process can cause unintentional delays without even knowing it. I have been working short sales for over two years and understand the processes and what the banks are looking for in a paperwork submittal package and what it takes to make sure that it doesn't get lost in the shuffle. For more information on short sales, take a look at the following article: http://rismedia.com/2009-10-22/are-short-sales-anything-but-short/ Wendy Alexandre Coldwell Banker Tomlinson Group Certified Foreclosure Specialist 208-412-2109 Cell wendy@justgoodrealestate.net www.justgoodrealestate.net