Anatomy of a Short Sale - Part 18

This was too easy! Could it be that the lenders are getting on top of their short sale processing? Today I received an approval from the 1st lender, Select Portfolio Servicing, for this short sale after having sent in only the Purchase Contract and the estimated HUD-1. I had submitted these on Oct 25, just 15 days ago! Maybe it was because they had approved a sale on this property last summer, which was later put off when the owner agreed to make trial payments hoping for a loan modification. Still, this interaction was a world of difference from the first go 'round. Now, I need to get approval from the 2nd lender.

Peter Nielsen Peter@MarinRealtyExperts.com 415-472-6243.