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Do You Think Short Sale Transactions Are Easy to Close?

Thursday, December 29, 2011

THINK AGAIN! Every lender that I have dealt with has their own way of determining value…BPO, appraisal, etc. Evaluate the hardship of the homeowner to see if they meet “Modification” guidelines, that seem to be all over the board. Then gather all the bank accounts, payroll subs, tax returns (and P&L for self employed)…and keep them current within 30 days. Then everyone has to wait on the lender to review and respond…and that may take a week to a month before moving to the next step and maybe get the home sold and closed within 60 days! I’d like to hear from others that have completed a Short Sale process and what type of conditions surrounded the closing!

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8 Responses to “Do You Think Short Sale Transactions Are Easy to Close?”

  1. Thanh Ellard on December 30, 2011 at 6:59 pm

    The problem I see, the banks and the mortgage crisis were an effect of a much deeper cause (and its a long way from being resolved). The cause is the rot extended deep into the bowels of government and the Federal Reserve.guild wars 2 gold

  2. Loni Whittier on December 30, 2011 at 7:10 pm

    What made you think about such a topic. Its funny I am not the only one that feels that way about it. Keep it up!

  3. Perry Hollow on December 30, 2011 at 7:44 pm

    Seems we’ve been wrong about the republican-s; what we’d thought was their lack of concern for the middle class is in fact outright contempt for it! Don’t like being herded like cattle down the slippery slope towards wage-slave-ry? DO something about it: join the Occupation-s! best tera gold

  4. Tyree Leskovac on December 31, 2011 at 12:45 am

    “B. Frank is on R. Maddow – talking about how people don’t vote. But how can we vote if all our votes are bought by corporatio-ns and special interests?-???

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