I just want to thank Select Portfolio Services for finally getting with the program and streamlining the short sale process. I have been working with them since October on getting a short sale approved. The first offer we got and they just did not have their act together. I submitted the offer 4 times and after about 1 1/2 months the buyer gave up.
About a month later we got another offer and although I did have to submit the offer twice - we were able to get it approved within 21 days. There are still some kinks I think they need to work out - but I was able to get the short sale approved and they took over a $125,000 loss.
Although they are taking a huge hit - they realize that a short sale was best for all parties involved. I think that the banks and servicing companies are finally starting to get what is going on and trying to make a very tough situation a little better
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