In my own short sale, we priced the house pretty low and got an offer very quickly. You need a buyer that is willing to stick around for a super long closing or changes to the agreement. In my case, it took almost 4 months from when we got the offer to when the closing took place.
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A short sale is a sale of a home for less than the amount owed on. And proactively negotiating a short sale doesn't bear the stigma of foreclosure or walking away. (You can get detailed information about specific lenders at.
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What is a short sale? Let’s break it down. Say you’re selling your home; however, the offer you get is so low, it won’t cover the total amount you owe your lender on your mortgage balance.
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We made the mistake of getting short sale specialists involved that did a horrible job and the couple somehow got stressed and delayed even further until they were just a couple days away from foreclosure.
Also, I wanted to get this out there to provide the facts to dispel the myth that homeowners who do a short sale are only welcome to take a timeout from.
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A short sale is a financial option that is sometimes available to homeowners who are distressed borrowers. They are behind on their mortgage payments and have a home that is underwater. That is,
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Here some basics you need to know before starting the short sale process, for a short sale even got a bid i know it will take about 3 months to get the lender to. of short sale and i found out the property started a foreclosure proceeding on.