Guidelines on Short Sales Released
December 3rd, 2009 categories: Market Update, Tips for Sellers
Is This too Good to be True?
Over the last 4 years we have struggling to get Short Sales Approved. Every transaction becomes a session of gambling. We never know if and/or when it will get approved.
We have seen Short Sales that took over one year to get approved. An standardized and streamlined process will take a lot of the frustrations associated with Short Sales transactions away.
My question is: Do Banks have the man power to approve the short sales before it’s too late? As per the guidelines (see link at the bottom of the article) the approval of the short sale will take place prior of listing the property and the sale must take place in less than 4 months.
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If you are interested on learning more about short sales, please call me at (954) 588-7260 or contact me.
