Comments on: Tips for Navigating the Short Sale Process http://www.biggerpockets.com/renewsblog/2008/02/12/tips-for-navigating-the-short-sale-process/ Learn, Network, Invest Sat, 11 Feb 2012 20:37:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Susanhttp://www.biggerpockets.com/renewsblog/2008/02/12/tips-for-navigating-the-short-sale-process/#comment-96282 Susan Tue, 02 Aug 2011 07:00:40 +0000 http://www.biggerpockets.com/renewsblog/2008/02/12/tips-for-navigating-the-short-sale-process/#comment-96282 It's amazing how back in 2006 to 2009, most realtors were not property "schooled" or educated on how to handle a short sale. It felt most were just playing the cards as they lay and tried to help home buyers and sellers go through processes very new to everyone. I think it was a heart breaking time for both buyers and sellers because the process wasn't a guarantee and took some faith and TIME! At least things have gotten faster but are still a pain to complete. It’s amazing how back in 2006 to 2009, most realtors were not property “schooled” or educated on how to handle a short sale. It felt most were just playing the cards as they lay and tried to help home buyers and sellers go through processes very new to everyone. I think it was a heart breaking time for both buyers and sellers because the process wasn’t a guarantee and took some faith and TIME! At least things have gotten faster but are still a pain to complete.

]]> By: Edhttp://www.biggerpockets.com/renewsblog/2008/02/12/tips-for-navigating-the-short-sale-process/#comment-84996 Ed Fri, 30 Jul 2010 23:26:05 +0000 http://www.biggerpockets.com/renewsblog/2008/02/12/tips-for-navigating-the-short-sale-process/#comment-84996 Great post on short sales. I think your point about getting a real estate agent familiar with the process is probably the most important one. Its even better if they have worked with your lender before because they will have direct phone numbers that they can use to get to the underwriters processing your deal. I would also suggest that you be very tough in the negotiation process. The lenders may want you to bring money to closing or pay a zero interest debt. You should stick to your guns here and know that if the house is appraised for fair market value and you have a qualified buyer then the lender needs to take that deal or face owning the house when you foreclose. Great post on short sales. I think your point about getting a real estate agent familiar with the process is probably the most important one. Its even better if they have worked with your lender before because they will have direct phone numbers that they can use to get to the underwriters processing your deal. I would also suggest that you be very tough in the negotiation process. The lenders may want you to bring money to closing or pay a zero interest debt. You should stick to your guns here and know that if the house is appraised for fair market value and you have a qualified buyer then the lender needs to take that deal or face owning the house when you foreclose.

]]> By: Franklinhttp://www.biggerpockets.com/renewsblog/2008/02/12/tips-for-navigating-the-short-sale-process/#comment-67565 Franklin Mon, 10 Aug 2009 16:12:32 +0000 http://www.biggerpockets.com/renewsblog/2008/02/12/tips-for-navigating-the-short-sale-process/#comment-67565 I am recently divorced and got approved for a short sale even got a bid i know it will take about 3 months to get the lender to approve but what steps can i take to protect myself from any fees? And what kind of fees are there?And i am a active member of the military and a veteran can that help? I am recently divorced and got approved for a short sale even got a bid i know it will take about 3 months to get the lender to approve but what steps can i take to protect myself from any fees? And what kind of fees are there?And i am a active member of the military and a veteran can that help?

]]> By: MJ in KChttp://www.biggerpockets.com/renewsblog/2008/02/12/tips-for-navigating-the-short-sale-process/#comment-61469 MJ in KC Thu, 20 Nov 2008 19:34:53 +0000 http://www.biggerpockets.com/renewsblog/2008/02/12/tips-for-navigating-the-short-sale-process/#comment-61469 Very helpful article. I am a first time home buyer and I am putting an offer on my first house and it is a Short Sale. This really puts things into perspective. Very helpful article. I am a first time home buyer and I am putting an offer on my first house and it is a Short Sale. This really puts things into perspective.

]]> By: Anonymoushttp://www.biggerpockets.com/renewsblog/2008/02/12/tips-for-navigating-the-short-sale-process/#comment-60433 Anonymous Tue, 07 Oct 2008 06:20:24 +0000 http://www.biggerpockets.com/renewsblog/2008/02/12/tips-for-navigating-the-short-sale-process/#comment-60433 Nice article on short sales and just wanted to add that it helps to be very, very detailed and to keep track of all correspondence/discussion with negotiators.Our short sale files get pretty extensive really, really fast. Nice article on short sales and just wanted to add that it helps to be very, very detailed and to keep track of all correspondence/discussion with negotiators.

Our short sale files get pretty extensive really, really fast.

]]> By: P. from Weston MAhttp://www.biggerpockets.com/renewsblog/2008/02/12/tips-for-navigating-the-short-sale-process/#comment-55820 P. from Weston MA Mon, 07 Apr 2008 01:21:36 +0000 http://www.biggerpockets.com/renewsblog/2008/02/12/tips-for-navigating-the-short-sale-process/#comment-55820 How do you know if you're really getting a better deal though? How do you know if you’re really getting a better deal though?

]]> By: Nadinehttp://www.biggerpockets.com/renewsblog/2008/02/12/tips-for-navigating-the-short-sale-process/#comment-55167 Nadine Tue, 11 Mar 2008 07:59:42 +0000 http://www.biggerpockets.com/renewsblog/2008/02/12/tips-for-navigating-the-short-sale-process/#comment-55167 Nice article about short sale...So I think the short sales could bring benefits to other real estate businessman. Nice article about short sale…So I think the short sales could bring benefits to other real estate businessman.

]]> By: Kathleen@RealEstateInvestorGirl.comhttp://www.biggerpockets.com/renewsblog/2008/02/12/tips-for-navigating-the-short-sale-process/#comment-54554 Kathleen@RealEstateInvestorGirl.com Wed, 13 Feb 2008 03:13:30 +0000 http://www.biggerpockets.com/renewsblog/2008/02/12/tips-for-navigating-the-short-sale-process/#comment-54554 Good general information on short sales. But, don't forget that many real estate investors are also skilled at negotiating short sales. Good general information on short sales. But, don’t forget that many real estate investors are also skilled at negotiating short sales.

]]> By: Terra Andersenhttp://www.biggerpockets.com/renewsblog/2008/02/12/tips-for-navigating-the-short-sale-process/#comment-54542 Terra Andersen Tue, 12 Feb 2008 17:31:19 +0000 http://www.biggerpockets.com/renewsblog/2008/02/12/tips-for-navigating-the-short-sale-process/#comment-54542 Wonderful write up on Short Sales! I was actually considering one last year, but ended up going with another property. Hopefully a lot of new homebuyers know about this, because it will be a wonderful way to obtain property this year! Wonderful write up on Short Sales! I was actually considering one last year, but ended up going with another property. Hopefully a lot of new homebuyers know about this, because it will be a wonderful way to obtain property this year!

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