If Short Sales are better than foreclosures for banks, why are they so difficult and take so long?

Short Sales | 16.6.2011 | No Comments

Short Sales seem to take forever.  The average time-frame we see Short Sales get approved is approximately 120 days but some of these can take far longer than that, even up to over a year. It not only seems intuitive that Short Sales are better financially for banks versus taking a home back through foreclosure but statistics also show this is indeed true.  Some experts state that banks may a...

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Short Sales are a nightmare, so why should I do them?

Short Sales | 16.6.2011 | No Comments

Many Realtors® ask this question; “Why in the world would I want to subject myself to the pain and headache involved in getting a Short Sale to the closing table?  It takes months of time, hours of work with the banks on a weekly, if not daily basis at times, and it seems as if the banks do not want to help us get these completed.  They really are just a big hassle and the chances they will a...

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