Short Sales Take A While – Hang In There

Welcome to a new episode of Short Sale Shift. I’m joined by chief, master, team leader, go-getter, Sarah Willman. Today we are going to chat about how sellers and buyers can get really anxious and beleaguered because the route of completing a short sale can take a long time. So, we would like to chat a tiny bit about hanging in there.

A year ago, we were chatting about the short sale taking approximately 6 months. However, the previous 2 short sales that we have completed have been accepted in thirty days. Actually, from the spot where the bank had all they needed from us, we got authorization in roughly four or five days. Once the lender got everything, the transaction was complete.

That is surely not the situation every time. If you are tuning in to us now and you are a purchaser or seller or agent representing a purchaser, please recognize that you have to ask a few questions of the listing broker. How many files have they successfully completed? How many files do they control? What are their time lines? What are their contacts at the bank? If they know there trade, they will be able to close your folder, because they wouldn’t take your file if it didn’t have a great chance of completing.

If this is the situation, know that sticking with this procedure will be worth it. We know that it can be tough to go through the short sale process. You will be receiving a vastly good deal. Being a purchaser and hanging in there is hard. You may see other homes come to market that you like a little bit, but hanging in there will pay off in the end.

The short sale route is a hard, time intensive process. Nevertheless, if you have done your proper diligence, you will end up with the property that you covet. If you have an agent that completes short sales, you will be pleased with the end product.

Minnesota Short Sale Shift can answer your questions. We are Minnesota’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtors, Josh and Sarah, at Short Sale Shift presented by the Short Sale Specialists of Minnesota