Expectations, What To Expect From The Bank -- Short Sale Specialist

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While going through the short sale process, we at short sales done easy like to set the correct expectations with our clients. As a short sale specialist, setting the correct expectations with all parties involved is very important. There are 3 key expectations that you as a short sale client need to be aware of

*Expect a high buyer fallout rate—the first offer that you receive is probably not going to be the buyer that closes on the short sale

*Expect a promissory note or cash contribution request from the bank at time of written approval.

*Expect in your written approval letter that the banks will want to obtain the right to sue you for the deficiency.

In the Phoenix market, short sales can be challenging if the proper expectations are not set with all parties involved including the seller, buyer and bank. At short sales done easy we strive to communicate with all parties consistently and honestly.

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