I have it in my hot little hands...a Calvet short sale approval for my short sale in Elk Grove: 9488 Windrift Lane! Despite closing a ton of short sales for banks like Wells Fargo, Bank of America, Chase, and others, this is the first time I have attempted a Calvet short sale. Calvet didn't choose to participate in short sales early on when most banks were willing to work with underwater homeowners. Calvet now realizes that there are some circumstances where short sales are appropriate.
The short sale process is different with Calvet short sales compared to other short sales I've done. They have their own, unique paperwork, time lines, and requirements. One big difference between short sales with Calvet and other banks is the way they determine a home's value. In most circumstances, Calvet requires an appraisal on the property, opposed to just a BPO (broker's price opinion). The seller is responsible for paying for the appraisal so be aware if you are considering a Calvet short sale for yourself.
Do you have questions about Calvet short sales? I'd be happy to answer them and share my experience. See if you qualify to sell your home as a short sale.
CalVet Short Sale Approval in Elk Grove