Another Sacramento Short Sale home seller avoids foreclosure and sells their beautiful home to a very lucky home buyer.
Everyone wins when a Sacramento short sale is approved by the bank, the home seller wins because they avoid foreclosure, the home buyer wins since they are buying a home at a reduced price, the neighborhood wins without a vacant house bringing values down and the City wins with taxes being paid and businesses win selling new items to the new home buyer for their new home.
Foreclosures cost the bank more money than short sales so frankly the banks win, too!
When I list a Sacramento short sale home for sale, I meet with home sellers and go over their documents and hardship while always recommending they speak with an Attorney and their CPA before listing their home as a Sacramento short sale. All of my short sale sellers provide all short sale documentation prior to me listing their house.
One key aspect that has helped both the Sacramento home buyers and the Sacramento short sale seller is to receive an email every week with a short sale update on the status of their Sacramento short sale during the negotiations with the bank. I find that helps keep everyone’s interest and as always good communication is essential in life in all aspects,
Now, sometimes although I have all the home seller’s bank statements and I have submitted them to the short sale bank, if the bank’s negotiator doesn’t look at the bank statements in a timely manner, then additional bank statements will be needed since another month has gone by.
This is why as a Sacramento short sale agent, I continue to address that banks need to approve short sales in a more timely fashion.
Sacramento home buyers get disillusioned with the long process short sales are taking and home sellers frustrated having to supply additional documents that are due to banks not processing the original documents submitted in a timely fashion.
Overall, Sacramento short sales are much better for Sacramento than foreclosure.
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