I get such a kick out of Realtors who write in black and white and state what they think are facts about WHY a short sale takes so long. Is it true that some listing agents don’t get all the documents from the seller and submit partial packages to the short sale bank?
Sure, there are those listing agents who don’t seem to know how to do a short sale.
But, hey there are a lot of Sacramento Short Sale Realtors who do know how to do a short sale, who have a complete short sale package and understand and know which additional forms a bank requires as well as reading the home seller’s hardship letter and obtaining any additional documentation that may have been addressed in the hardship letter.
As with anything in life, there is no cut and dry with all things fitting into a nice neat box…short sale, banks and negotiators as well as each and every mortgage loan are not the same. Therefore, not every short sale is the same nor is the time it takes to get a short sale approved.
As an experienced Realtor, I have found through the years that unless I have a person’s file or contract in front of me, I can not make statements about how another Realtor handled a short sale or a traditional sale. There are many caveats to purchasing a home, and short sale. Unless you are part of the file, you should reserve your comments.
Sacramento Short Sales are a better solution for the banks than foreclosure. Banks will net more on a short sale and they don’t have to worry about producing all the documents which is a big plus considering the robo signings and trouble the banks are having with homes they foreclosed on that they still can’t sale.
Not all Sacramento home sellers is a short sale the best choice for and that’s why I ask home sellers to speak with an attorney and their CPA in determining if a short sale would be best for their financial circumstances.
I was very pleased with Chase on a Sacramento short sale that closed last week. I received short sale approval in record time, 3 weeks and the only reason it took so long to actually close was due to the buyer’s VA loan. These home sellers received $30,000 on the successful close of the short sale since they were part of a special program through Chase. All I can say is good job Chase. You know how to process and approve short sales in record time!
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