I am happy to announce that another of my short sale listings with Bank of America has successfully closed. Thanks to the seller, the patient buyers, and the cooperation of Bank of America's short sale department and customer relations.
We got the short sale approval in about 35 days. After the short sale approval it took about 45 days to close escrow because we were experiencing delays with loan processing. We requested two extensions and Bank of America was very prompt in helping us with each one.
Bank of America's short sale process is now fast and easy; I found working with their short sale team and Equator tehnology to be an excellent combination. During the short sale process, the homeowner was very cooperative and kept the house clean and appealing to potential buyers. The seller was very happy with the outcome of the short sale; because the remaining balance of the loan was forgiven.
The property was in great condition due to my client's pride of ownership. Even though this was a short sale, the seller kept the property in impeccable condition, so it was easy to find a buyer who could see themselves purchasing and living in a distressed property that looks as good as any equity-sale home. My client was an example of teamwork while processing a short sale.
The secret to a successful short sale listing agent is: never take NO for an answer, work hard-for the client's best interest and keep escalating the Short Sale case until you find the person who can really make decisions.
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