Time Frames for a short sale - Is there any set time tables out there on when to do them? I have heard a lot of different things here on A/R.
Too Early - Can you start a short sale, even before you have missed a payments? I mean why would the bank want to help you out before they even see any risk at all? I mean I wouldn't tell a client to stop making payments on their house so that we could start the short sale - But I don't want to waste my time starting one if I know the bank isn't going to allow it.
Too Late: This basically falls under the idea of wasting your time - You don't want to start a sale when you know that the bank is coming in tomorrow to take it away from you. This doesn't help anybody.
So the secret to a Short good short sale is timing. If anybody has this secret figured out - a response would be highly appreciated.
Vincent McKamy - Realtor
Coldwell Banker Elite
Serving Fredericksburg, Stafford, Spotsylvania Virginia, and the surrounding areas