I have a short sale listing in Gilroy which had an offer accepted by the seller at the beginning of December. All of the paperwork was forwarded to Indymac who had it for about 2 1/2 weeks and then gave to Service Link for negotiation. By then it was Christmas Week. A negotiator was assigned who contacted me the first week of Jan. I got approval, at purchase price, on Jan 10th. That was fast! There were no special tricks I used other than the way I handle all of my short sales.
1. A realistic, but still a good purchase price, not too high, not too low, but on the lower end of market value.
2. All the documentation was submitted at one time and the documents were tripled checked to make sure everything was there.
3. The sellers provided every single financial document that was required.
4. I followed up to make sure everything was in order and received by Service Link.
This is my first short sale with Service Link, who has just recently ramped up their short sale department.
I am now officially an Indymac/Servive Link short sale fan.
Keller Williams Realty