Buying a Short Sale / PreForeclosure
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Setting buyer expectations is very important. The banks are overwhelmed by the volume of short sales and they're still figuring out their internal processes. The key is a listing agent who knows how the lenders work (or don't). An effective agent will hound the bank to get the deal done and make sure everyone else does what they need to do too.
877Sell2Nite 1 month ago
@StevenTamburello well it's not the buyer or seller, it's the damn corporate bank. even the bank agent has no control, and they'll say that to the buyer. it has to go up up UP the channels to get approved. and they'll even haggle, which extends the period too. it's a big mess.
shakaama 3 months ago
What about warning the buyers that a Short-Sale can take Months and Months. Most of them fall apart because the buyers can not hang in there.
StevenTamburello 11 months ago