Want to Short Sale? Don't wait for too long!

I had an Agent call me last week..

"I have a listing I'd like you to take over..call me."

I did.  Turns out it was her own personal residence and it was also a Short Sale.  Unfortunately, she self-listed and worked it for 8 months.  Got several sale date postponments and now..sale date is set for 2/6.  Uh-oh!

Several things jump out here..

1.  With all the Short Sales being done, all the classes being given, all the written updates that come across my e-mail and websites with regards to Short Sale Rules..why would a Realtor NOT know she couldn't self-list?

2.  Same as above..but with regards to the Sale Date.  I was called Wednesday, Sale date is today, Monday.

I got it listed, got price cheap, got an offer on Saturday, tried my best to initiate a Short Sale and contact everyone alive at Bank of America.  I didn't think I could save it..but she's a fellow Agent so I took a whack at the Pinata.  

Title says it's not gone through the sale yet and I'll call again in the morning to see if I can pursuade them to let me try a Short Sale one more time..not likely.

I so wish she'd called me long ago!  She was a slam dunk for a HAFA short sale and would've received Relcation assistance as well as "settled for less than owed" instead of a Foreclosure.  

If you want to list your home as a Short Sale in the Palm Springs area, give me a call NOW!  Before the timing becomes too difficult.  Explore your options early..just as you would with any other business decision.  

Losing your home is scary, but not being in control of the situation is even scarier..