Short Sales
Monday, April 13
The success rate of short sales depends largely on the listing agents involved. Well trained agents who truly understand the process, communicate well with the bank, provide thorough and complete paperwork, keep complete records, and frequently ask the bank how they can help the process rather than demand the bank help them... they have a success rate of 90-100%. Some well trained agents get bank approval in a mater of days on a regular basis.
Without this the numbers drop off dramatically. Banks really do want short sales to work out, but are so understaffed and overwhelmed that without quality information from the listing agent the deals can flounder, or take months.
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Konrad Young
Real Estate Gold Group
Real Estate Investor
Chicago, Illinois
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