It’s time to take another look at short sales
As recently as a few months ago, if you would have told a real estate agent who specialized in short sales that they’d be raving about a lender’s stellar service and rapid approval times - not to mention significant cash incentives for financially strapped homeowners for pursuing a short sale-you’d have gotten some strange looks.
That’s all changed. And it’s changed faster and to a greater extent than most real estate professionals ever could have imagined. With a glut of bank-owned properties dragging down the recovery of the real estate market, as well as the national economy, major lenders are more eager than ever before to avoid foreclosure. So they’ve sharpened their focus on short sales. Big time.
The biggest lenders in the country have staffed up to ensure rapid processing of short sale applications. They’ve ponied up with cash incentives at closing for homeowners who pursue a short sale. And they’re proactively reaching out to CDPE agents and putting them in touch with delinquent borrowers. I was recently contacted by Chase Bank to do a short sale for my client. Chase pre-approved them for a short sale and offered them a $30,000 cash incentive once we closed the short sale. I was able to secure a good offer and get an approval within 18 days.
This is big news and the media has not really caught onto it yet. What’s important for you to know is that whatever you’ve read or heard in the past about long lag times and frustrations with short sales is probably no longer the case.
As a member of the CDPE Advanced community, I’m tapped into major lenders and on top of major developments affecting short sales and bank-owned properties. I invite you to visit my website www.HomeTeamGirls.com to learn more and feel free to contact me any time at 916-759-2147 or Kathy@Kdyer.com if you or anyone you know is struggling with an unmanageable mortgage.
Kathy Dyer Roseville Short Sale Specialist, you pay me nothing to do a short sale. Serving Roseville, Lincoln, Rocklin, Granite Bay, Loomis, Folsom, Citrus Heights, Orangevale, Fair Oaks, Sacramento and areas in Placer and Sacramento County.