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Tips for Successful Short Sale
April 26th, 2009 9:04 AM by Sam Kader MLO130505
Seller has stopped making the payment and received a notice of default. Typically this happens after 90 days of non payment.
The bank is ready for short sale confirming that the house is being sold for a reasonable price. Ask agent for the bank's agent name, title and if paperwork is complete.
This is called Notice of Trustee Sale.
Listing agent is experienced with short sales.
Foreclosure is at least six weeks away. It takes that long to get a short sale approved.
The home only has one mortgage.
Posted in:
Short sale
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Short sale
Posted by Sam Kader MLO130505 on April 26th, 2009 9:04 AM
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