Has Your Realtor told you to avoid Short Sales? Did your Realtor tell you that they never close and you would be waisting your time? Heres the facts: Banks would prefer to do a Short sale over a foreclosure because going through the Foreclosure process is more expensive. Banks are now becoming more open to the short sale process as they are figuring this out. The Realtor plays a major part in whether the bank will accept a Short Sale offer or not. Most realtors still are not educated in the Short Sale process and will avoid them. If you have found a short sale you would like to pursue locate a CDPE (Certified Distressed Property Expert). These realtors are educated in the Short Sale process and know how to package the offer to the bank. There is a lengthy multi page process they need to go through so that the loss mitigator from the bank can manage it. Loss Mitigators from banks are seeing 300 new files on their desks a week and its confusion in those offices.
For More Information contact:
Kurt Petersen CDPE, CIPS, ABR
Broker-Associate
Amerivest Realty
Naples, Florida
239-777-0408
www.NaplesMarcoIslandProperties.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment