Are you waiting to long on your short sale?

Video 74: Have you been waiting forever to get your Tempe Short Sale approved by the bank? The more short sales I do the more I realize that wait is unnecessary. After 30 days you should have a negotiator assigned and a completed BPO number. Two weeks from that the bank has all the information they need to approve or deny the short sale. At that point all it is, is a numbers game. If your short sale get’s to these milestones with no progress being made it is time you become a PITA and get the deal escalated. We will have more videos in the future on how to get your deal escalated. Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.

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Would my lender rather foreclose on my house or have me do a short sale?

Video 48: Would a bank or lender rather do a foreclosure or see you sell your house via a short sale? It is almost never better for a lender to foreclose on a house. As long as the house is sold at fair market value the lender will average about 30% more selling the house via a short sale than they will via a foreclosure. There is an exception though, make sure you check out the video to see the exception when a short sale makes more sense for the lender. I would love to hear your thoughts or any questions you may have about short sales, you can leave a comment or e-mail me Dean Ouellette.

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