SALT LAKE CITY, UTAH – I recently received a question from Cathy. Here was her question.
“I am trying to buy a house that is a short sale. It has been 4 months and we have heard nothing. The agent did mention that they are now on the 2nd negotiator and still haven’t heard from the negotiator.
I am getting very frustrated. Is there anything I can do on my end to try to push the process along, or is it all up to the agents? Cathy.”
Here are a few reasons that a lenders will allow a wealthy investor to walk away from an upside down investment property.
Here was our answer to Cathy. Cathy, short sales can take a long time. But, usually the longest they should take is 3-4 months.
If the short sale hasn’t been approved by the end of 4 months, then it probably won’t be approved by the end of 12 months. I remember reading an article online about why the short sale process takes 9-12 months.
The author just broke each part down and justified why the entire process should take that long. I don’t think the author knew what he was talking about.
The Stop Foreclosure Institute has been able to get short sales approved as fast as 1 month. Most have been approved before the end of 3 months.
You mentioned that the agent “still hasn’t heard from the negotiator.” Did they ever think of maybe trying to contact the negotiator? It’s their job to help the seller sell their house and avoid foreclosure.
Calling the negotiator is part of the job. If I was you, I would find another short sale where the listing agent is experienced with short sales and doesn’t wait for the negotiators to call them.
Thinking about a loan modification?Our Layton loan modification kit will show you how to reduce your mortgage payment, keep your home, and get back on your feet. Send me an e-mail at forsiecity@gmail.com to request a Free Copy. Or, click here to request a copy.
Thinking about a short sale? I can help you short sale your property so you can move on with your life. Send me an e-mail at forsiecity@gmail.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (801) 651-0707
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thanks for reading this, Dave Forsberg.
Dave is a Real Estate Agent at PresidioUtah Real Estate. Layton Short Sales Realtor:
Phone: (801) 651-0707. Forsiecity@gmail.com.
Greater Salt Lake Short Sales. Real Help for those that need it most.
Need to sell immediately? We buy homes in any Condition! Call me at 801.651.0707 for a free consultation!
