Short Sales are Getting Easier! (?)

Well it is true, banks are getting things together but the biggest impact of your short sale progress and turn around time starts with your Realtor. If you are having some challenges please take the time to interview your short sale listing agent thoroughly.

Over the last year especially we have changed significantly how we submit or packages to the banks. These evolutions of our short sale package delivery have had a very positive impact on how fast we get responses from the banks we are communicating with.

With all of that said we will still run into some challenges with some banks. Often if the loan is backed by investors or if the second loan in a HELOC there will be additional challenges. That is okay because while they do add challenges it does not eliminate the ability to get them approved. Getting them approved takes a bit more patience, finesse and of course knowledge.