It's Time To Take Another Look At Short Sales

By
Real Estate Agent with Keller Williams Realty

It’s time to take another look at short sales

As recently as a few months ago, if you would have told a real estate agent who specialized in short sales that they’d be raving about a lender’s stellar service and rapid approval times—not to mention significant cash incentives for financially strapped homeowners for pursuing a short sale—you’d have gotten some strange looks.

That’s all changed.  And it’s changed faster and to a greater extent than most real estate professionals ever could have imagined.

With a glut of bank-owned properties dragging down the recovery of the real estate market, as well as the national economy, major lenders are more eager than ever before to avoid foreclosure. So they’ve sharpened their focus on short sales. Big time.

The biggest lenders in the country have staffed up to ensure rapid processing of short sale applications. They’ve ponied up with cash incentives at closing for homeowners who pursue a short sale. And they’re proactively reaching out to CDPE agents and putting them in touch with delinquent borrowers.

This is big news and the media has not really caught onto it yet. What’s important for you to know is that whatever you’ve read or heard in the past about long lag times and frustrations with short sales is probably no longer the case.

As a member of the CDPEAdvanced community, I’m tapped into major lenders and on top of major developments affecting short sales and bank-owned properties.  I invite you to visit my website www.DonnaHelpHomeowners.INFO to learn more and feel free to contact me any time at 616-803-9456, if you or anyone you know is struggling with an unmanageable mortgage.

 

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Topic:
Real Estate Sales and Marketing
Location:
Michigan Kent County Grand Rapids

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Rainmaker
644,997
Bill Reddington
Re/max Southern Realty - Destin, FL
Destin Florida Real Estate

I agree it is getting better. Still depends on lender. Still far from ideal.

Oct 13, 2011 10:24 AM #1
Rainmaker
1,129,909
Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota Real Estate Expert

Short sales are the norm here it seems like. Good flow going with them now. Some people still hate to work with them.

Oct 13, 2011 10:29 AM #2
Rainer
24,277
Donna Tashjian
Keller Williams Realty - Grand Rapids, MI

I enjoy helping people with short sales.  Pass them my way for referral fee is you would like.

Oct 13, 2011 10:37 AM #3
Rainmaker
78,137
Kevin Wood,
Keller Williams Southern Arizona - Tucson, AZ
Tucson, AZ Realtor

Donna,

good work promoting the changes that have taken place.

Jan 11, 2012 04:36 AM #4
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Rainer
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Donna Tashjian

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