World's fastest short sale! Less than 1 day, and it was approved!

By
Real Estate Agent with Coldwell Banker BK 3030358

Submitted the contract and approved in less than 24 hours!  

Most everyone who has considered buying a short sale thinks that there is nothing "short" about a short sale.  This is not always the case!

Time frames for a short sale offer to be approved typically are measured in months not days.  This was my fastest approval for my career.  The offer was executed on Saturday, and submitted in over the weekend.  By 5 pm on Monday, we had a written approval from Wells Fargo for the short sale to close within 30 days.

Wells Fargo home mortgage company has never worked this fast before!  A lot of the credit has to go to the sellers who had applied for HAFA benefits well before the offer was submitted.  They were approved for HAFA, and in fact are getting a moving credit too.

If you know someone that needs help with a home that has a mortgage for more than it's value a short sale should be seriously considered as an alternative to foreclosure.

I have noticed a big drop in the active inventory of short sales here in the Sarasota and Bradenton Real Estate market.  I am hopeful that this is a sign of how things will go now that the major lenders like wells fargo, bank of america, chase, and fannie/freddie have the systems in place to get through all the files.

Also, with the recent slow down in listing inventory, I think that the stacks of files that have clogged the system will diminish.

If you need help from a short sale expert here in Manatee and Sarasota county, make sure to give me a call.  Joe Murphy, Short sale expert for Sarasota / Bradenton.




COLDWELL BANKER RESIDENTIAL Real Estate
11215 SR 70 SUITE #105
Bradenton, FL 34202
E-mail: joe@manateemoves.com

JOSEPH MURPHY, P.A.
941-780-3260 cell/text
941-739-9120 fax
joe@manateemoves.com
manateemoves.com

Posted by

twitter accountFacebook Profilelinkedin profile

When you need the help of a FULL-TIME, Top-Producing, agent in Manatee County please know I am here to help.

Call/Text/email me anytime.  I am an experienced agent who can deal with short sales, bank owned homes, vacation homes, and everything in between.

Joe Murphy, Broker-Associate 

Coldwell Banker Residential Real Estate

941-780-3260 cell

941-840-0150 office

joe@manateemoves.com

www.manateemoves.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Florida Manatee County Bradenton
Groups:
Short Sales Specialists
Tags:
wells fargo
short sales
hafa

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
722,100
Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Your file must have been pretty impressive too. Congrats to you and I'm sure your client was happy. Glad to see these can work.

Jun 04, 2011 04:23 PM #1
Rainer
494,722
Lynn911.com ~ Dallas Real Estate Agent Top Team
Dallas Houses for Rent Dallas Apartment Rentals Lynn911.com - Dallas, TX

I actually had a short sale less than 24 hours BAM done cash buyer close in 10 days ... ONLY WISHED all were the same !

have a great weekend ! dallas homes for rent by owner dallas houses for rent by owner lynn911.com

 

 

Jul 21, 2011 02:00 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
81,521

Joe and Molly Murphy

Put our Team to work for your Family
Put our expertise to work for you!
*
*
*
*
Spam prevention