Ashburn Short Sales: Do Short Sales Really Take 6-8 Months?
Ashburn VA - The Stop Foreclosure Institute recently received a question from John. Here is John's Question.
"I am trying to buy a short sale. I have been waiting on an answer to my offer for 6 months. The agent tells me we should have an answer any day.
But, they've been saying that for a long time already. What should I do? John."
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John, I think you should run for the hills. We see a lot of agents quote 6-8 months for a short sale response. Those agents simply don't know what they are talking about.
We have processed short sales with the most difficult lenders in an average of 2-3 months. The key is aggressive follow up. You have to check on the status of the file twice a week.
The reason a short sale would take 6-8 months on average is because the agent isn't doing that. If it takes more than a week to get a response to a question or call, then we contact the CEO of the lender and the local newspapers.
It has taken a week to get a response to a simple question. We had a short sale negotiator that we had been working with on a file. We had already talked back and forth several times.
He told us that he was waiting on 1 item and then he could make a decision on the short sale. That item was going to be completed in 3-4 days.
We waited a week and then started calling him. I would call and e-mail him once each day. We still hadn't heard from him after a week of e-mailing and leaving messages.
We think that is pathetic and incompetent. Don't you agree? It shouldn't take a professional more than a week to respond to a voicemail, should it?
At that point we contacted the CEO's office. We told them that if we didn't have a response in 24 hours, then we would contact Fannie Mae. (Fannie Mae owned the loan.)
Needless to say, he got back to us right away. Thinking about a short sale?
I can help you short sale your property and never pay the bank another penny. Send me an e-mail at firstname.lastname@example.org I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 571-420-7838
Thanks for reading this, Kyle Mazaris.
Kyle is a Real Estate Agent at RealEstate.com Realtors. Ashburn Short Sales Realtor:
Kyle Mazaris specializes in loan modification assistance and short sales in Ashburn Virginia. Ashburn Loan Modification Help, Ashburn Short Sales. Ashburn Short Sale Realtor. McLean VA Loan Modification Help, McLean VA Short Sales. McLean VA Short Sale Realtor. Sterling VA Loan Modification Help, Sterling VA Short Sales. Sterling VA Short Sale Realtor. Great Falls VA Loan Modification Help, Great Falls VA Short Sales. Great Falls VA Short Sale Realtor. Reston VA Loan Modification Help, Reston VA Short Sales. Reston VA Short Sale Realtor. Ashburn VA Short Sales. Ashburn Realtor.