Simple, Step-by-Step Short Sale Process

By
Services for Real Estate Pros with Great Lakes Home Solutions, Inc.

Simple, Step-by-Step Short Sale Process

I'm often asked to provide a simple, step-by-step process for negotiating short sales. Believe it or not, it is a fairly simple, straight forward process so I'm giving you a special report with all of the steps. It's those little details that pop up that can make or break your deal (hence the 10% national average for short sale approvals vs. my 79% average).  I've created this simple step-by-step guide to help you get off to a great start.  I hope this helps.

Dedicated To Your Success,
Joel

Short Sale Negotiations: you earn FULL COMMISSION and no fee to buyer/seller - www.GreatLakesShortSales.com

Comments (6)

Barbara Kornegay
REMAX Essential - Wilmington, NC
Wilmington NC Real Estate, Homes

Many Many Reators have not educated themselves nearly enough on the short sale process...  I hope they take advantage of your information here....

Mar 19, 2010 10:52 PM
Randy Ostrander
Lake and Lodge Realty LLC - Big Rapids, MI
Real Estate Broker, Serving Big Rapids and West Central MI

Great post Joel. I think for some step one should be "Dial 269-685-5921". lol. A referral in the hand is worth any potential lawsuits hiding in the bush. While you have done a great presentation, I think I will still pass the short sales on and focus on what I do best.

Mar 19, 2010 11:03 PM
Home Design
Alpharetta, GA
Home Design and Real Estate

Great information Joel!  Thanks for sharing, we can never know too much about short sales!

Mar 19, 2010 11:21 PM
Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

What we need is a standardized way that banks respond to short sales!  One lender responds in 48 hours another in 90 days.  Just had a response after continued phone calls that all of the information in the packet is "to old for the investor" and needs updating.  Well DUH you held it for 3 months before you processed it.  So it is almost as if we are submitting an entire new package.  Grrrrr.

Mar 19, 2010 11:28 PM
Joel Zieve
Great Lakes Home Solutions, Inc. - Grand Rapids, MI
#1 Michigan Short Sale Team

Randy, thanks for your vote of confidence by passing short sales on to us!

Mar 19, 2010 11:28 PM
Joel Zieve
Great Lakes Home Solutions, Inc. - Grand Rapids, MI
#1 Michigan Short Sale Team

Cindy, I hear ya!  Having a standardized short sale process is part of the goal with HAFA.  This is a very tall order to fill.  As I discuss here, http://activerain.com/blogsview/1518062/hafa-or-haha, unless HAFA is drastically modified, I believe it's going to fail miserably.

Mar 19, 2010 11:35 PM