Inside track on Short sales

By
Real Estate Agent with Gold Shield Realty Group

I understand banks two in particular are shorting their short sale process.  Wachovia is one where they want to shorten the process down to 30 to 45 days for approval. 

This information was shared with regard to their new program called fastrack.  Maybe some agents will be more apt to taking their clients to view short sale listed properties.

Posted by

Veronica Lawrence

Your Trusted Realtor/Notary Loan Document Signer

DRE# 01841099

(951)704-3092

www.veronicalawrence.com

 

Comments (4)

Fernando Herboso - Associate Broker MD, & VA
Maxus Realty Group of Samson Properties - Clarksburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

It was about time. We are definetely seeing a faster response to all of our short sales

Jan 23, 2010 11:22 PM
J. Philip Faranda
J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY - Briarcliff Manor, NY
Broker-Owner

I had heard about Wachovia being easier to deal with. I don't have any deals with them unfortunately. 

Jan 23, 2010 11:26 PM
Veronica Lawrence
Gold Shield Realty Group - Murrieta, CA
Gold Shield "WE Defend your Interests"

Fernando you are backing the claim of the closure rate and according to Wachovia it is by design.  Thanks for your response

Jan 25, 2010 06:10 AM
Veronica Lawrence
Gold Shield Realty Group - Murrieta, CA
Gold Shield "WE Defend your Interests"

J. Philip Faranda, maybe you can contact someone in your county and ask about the fasttrack program and they can offer some direction.  Thanks for your response.

Jan 25, 2010 06:12 AM