Short Sales, Challenging Transactions
By Veronica Cabrera
June, 19 2012
Short Sales, Short Sales, and more Short Sales ... a very meticulous process, according to lenders who attended the REO expo conference, we are going to see more and more short sales approved in the following months or years.
Lenders stated that they are trying to avoid foreclosure. They encourage short sales instead.
Lenders stated that they are trying to avoid foreclosure. They encourage short sales instead.
Some transactions are run smoothly and quickly but others are long and confusing.
I have one transaction right now, in which we have been waiting for 3 weeks for the bank to order the appraisal.
I asked for the file to be escalated.
I have one transaction right now, in which we have been waiting for 3 weeks for the bank to order the appraisal.
I asked for the file to be escalated.
On the other hand, I received a short sale approval from this bank who did not order an interior appraisal
(I guess, they ordered a drive by)
The Bank paid full commission, gave credit to the buyer and HAFA credit to the seller!
(I guess, they ordered a drive by)
The Bank paid full commission, gave credit to the buyer and HAFA credit to the seller!
How about that? I can do those transactions all day long!
Veronica Cabrera, Realtor
Realty ONE Group
Huntington Beach, Riverside, San Bernardino, CA
veronicasreohomes.com
(714) 809-6521
R.E. Lic. #0143140
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