Archives for December 2011

Heads You Win, Tails You Lose

A flip of the coin, the luck of the draw, a roll of the dice…

This can make a big difference on the success of a short sale.

The lender or servicer of the loan can make all the difference in the world.

I am currently working on 2 files that have taken 2 completely different paths.  One has flown through the lender to approval without any issues, one is on day 120 and counting.  The difference is in the lender.

Completely by chance, one seller had there mortgage company swallowed up by a large bank that is aggressive about short sales.  They are efficient, easy to get in touch with, flexible.  A dream to work with.  From submission of offer to approval took about 20 days and the file will close in about 35 days from the time the offer was received.

Heads!  You WIN!

The other side of the coin…

Phone calls ignored, voicemail boxes full, email addresses kept secret, documents lost until the buyer is lost…

This is why agents quit doing short sales.

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