Fastest Short Sale Approval Ever?

By
Real Estate Agent with Solid Source Realty GA| Metro Atlanta |www.CSHRealEstate.com

Just got a short sale approval letter within 48 hours of submitted contract.  Lender is allowing 30 days to close and  offering the sellers $3,000 cash at closing!  Sellers were not expecting the cash at closing because they were previously told they did not qualify. Just imagine if more approvals could happen this fast......

 

Now on to the inspections......

Approved

Posted by

Contact Christina Sheppard, Real Estate Consultant
                               www.CSHRealEstate.com

Comments (6)

Tni LeBlanc, Realtor®, J.D.
Mint Properties, Lic. #01871795 - Santa Maria, CA
Tenacious Tni (805) 878-9879

Congrats. For every one that drags on for months -- you deserve this one!

Mar 19, 2011 04:26 PM
Stacey Smith
Keller Williams Realty - Aliso Viejo, CA
Your Orange County Beach Cities Realtor

What majestic and merciful bank is this that actually had thier crap together to get you that approval so quickly??? I got to have something to look forward to because I am negotiating two..I can only hope they go quick.

Mar 19, 2011 04:27 PM
Tony Morganti
RE/MAX Crossroads in Cuyahoga Falls and Stow, Ohio - Cuyahoga Falls, OH
CRS, ABR, SRES - Cuyahoga Falls, Stow

Christina - that is the quickest that I've heard of.  What bank was so on top of things to give you such a quick approval?

Mar 19, 2011 04:38 PM
Jay Schmitt
Keller Williams Keystone Realty - Gettysburg, PA
Gettysburg Real Estate Agent

I think you have the best short sale scenario I have ever heard about..

Mar 19, 2011 06:22 PM
John Michailidis
Real Property Management of Sarasota & Manatee - Sarasota, FL
Real Property Management of Sarasota & M

Sounds like you have one of the roughly 700 HAFA Short Sale approvals ever give. That's like hitting the lotto!

Mar 19, 2011 07:22 PM
Christina Sheppard
Solid Source Realty GA| Metro Atlanta |www.CSHRealEstate.com - Douglasville, GA
Real Estate Consultant

@Tni - Thanks!

@Stacey - Litton Loan is who is servicing. I hope you will have a great outcome with your deals.

@Tony - Litton Loans.  In my research of them, most agents have good things to say about their short sale process.

@Jay - Thanks!

@SaraMana Properties - I does feel that way!

Mar 21, 2011 04:39 AM