Is 2013 going to be the Year of the Short Sale?
In many of the real estate articles I have been reading, this is being deemed as the year of the Short Sale. Why, do you ask? The banks have started to try to control costs associated with REO's/Bank Foreclosures and have started to look at short sales in a different light than they did before.
It used to be like pulling teeth to get larger lenders to look seriously at Short Sale offers. That has and is evolving with time. They are trying to streamline the short sale process like never before.
In certain circumstances and with certain programs, they are even offering sellers cash incentives at closing to try to encourage sellers to short sale their home instead of the seller just walking away from their home.
It will be interesting in the next year to see how the short sale process evolves with these larger banks. Many have started to utilize an online platform that many of us REO/Foreclosure agents are familiar with-Equator. There are still wrinkles being ironed out as all parties adjust to this online platform to help facilitate these short sales. Bank of America Short Sales was one of the first to start utilizing it and Chase Short Sales have been utilizing it as well.
If you are considering listing your home as a short sale, you need an experienced Indianapolis Short Sale Agent to help you. It is now more critical than ever to ask an experienced Short Sale Agent for help when considering listing your home as a short sale. You do not want an inexperienced short sale agent handling your file, with the intricacies that are involved in short sales.
My team has a lot of short sale experience and we can help you with the purchase of an Indianapolis Short Sale or with the sale of an Indianapolis Short Sale.
Give us a call today if you need help or are considering a Short Sale.
Heather Fitzgerald 317.371.2622