Short Sales Are an Awful Lot of Work...Usually for Less Money. However, the best thing I have seen from short sales so far is the genuine feeling you get from really helping a homeowner out of a really bad situation. We have done several of theses so far (and expect them to increase), and as frustrating as they can be, if done properly you really are helping someone save their credit, and holding their hand through a situation in which they thought nobody could help.
Short Sales are definitely abounding in our area....The key is to make sure your buyer understands this is NOT a short process. At least 45 days and in some cases much longer to get the lenders to cooperate and sign off in agreement.
So far the ratio of those actually closing is low but is expected to go for the better due to the enormous amount of homes facing foreclosure and since the banks are loosening up and rethinking their strategy.
Hey Ange,
Hang in there!! Short sales can be more difficult than a conventional sale, but thats half the fun! Me and my team specialize in short sales, and close on average about 3 SS a Month. We treat it like a learning process and learn something new every time. You really have to enjoy the process. I guess it is what you make it.....
The Keutla Team
Ange
Here is a lot of info on short sales.
http://activerain.com/blogsview/318295/Short-Sale-Suicide-and
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