"Short Sales" will be more and more commonplace in the next 2 years and the number of Realtors that are qualified and skilled at negotiating with loss mitigation and REO departments of banks will benefit. Now more than ever, it is imperative that you work with a Realtor who is a career professional and a lender who is well versed in providing financing for these types of transactions.
There is a great deal of "Fiction" regarding short sales out there right now AND many folks running around claiming to be able to handle these scenarios. It is like someone who found a scalpel offering to take out your appendix saying, "I saw the procedure on the learning channel...I can do it, no problem!"
Call me or email me! I can connect you with a local Realtor who is well qualified to handle these transactions! www.RichSweum.com
Senior Mortgage Consultant with Homestead Mortgage. FHA / First Time Homebuyer expert serving Snohomish County and the greater Puget Sound. Down Payment Assistance Program Specialist.
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Hey Rich. Great analogy on the home surgery kit. Short sales are blowing up in our market right now. from what I've heard, lenders are getting 150 submissions a day. Wow. All the more reason to find a realtor that specializes in these transactions. Good post.