Short Sales

What is the normal timeline from the time
you have a verbal agreement with the
owner does it take to do a short sale?
And is it necessary to have an agent? confused

Comments(5)

  • TheShortSalePro19th August, 2003

    When I accept a short sale listing, I advise prospective purchasers that upon receipt of a signed contract to purchase and their prequal letter (essential elements of any short sale proposal), they should expect Sellers' mortgagee approval/rejection within 45 to 90 days... or more.

    Mortgagees are more and more requiring broker participation in the form of a listing agreement, and evidence that the property was exposed to market and unable to sell at it's listed price.

    If you need the services of a broker to assist in the short sale listing process, anywhere in the USA, let me know.

  • PassingThru19th August, 2003

    It takes us 4-6 weeks to finalize a short sale. If you work directly with the mortgage company, I can send you some tools to use to get them to accept the lowest price. I can also let you know how to stall the foreclosure process long enough to get the deal done.

  • investment10121st August, 2003

    I would like some of your info you have on short sales if that offer is still available.

    Always looking for new ways to Short sale
    Thankyou

  • alubeck26th August, 2003

    45 days to 90 sounds more realistic that 4-6 weeks. That's optimistic in my expereince.

  • qwikm29th August, 2003

    Passingthru : Can you send me the info on short sales as well. I am interested.

    Thx
    QM

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