Just because someone advertises a property as a short sale does not mean they have been approved for one. They may think they qualify for a short sale, but unless they are actually approved by the bank or mortgage lender, this classification means nothing.
Who are the experts in short sale real estate?
Short Sale Package Short Sale Package Certified Distressed Property Experts Master Short Sale Negotiators Keller Williams Legacy One Realty Short Sale Package List of Documents
Are there any risks in buying a short sale?
Purchasing a short sale is a more complicated process than a typical home sale, so there are some unique risks involved when investing in this type of investment property. Learn seven risks of a short sale so you can plan properly and decide if it could be the right investment for you.
What are the requirements for a short sale package?
DOES NOT INCLUDE REQUIRED ALL BROKER DISCLOSURES AND LISTING AGREEMENTS WITH REAL ESTATE AGENT Keller Williams Legacy One Realty Short Sale Package Checklist of Required Homeowner’s Documentation We appreciate the opportunity to assist you in short selling your home, while improving your current and future financial stability.
Are there any disadvantages to buying a short sale?
Buying a short sale can be a great opportunity to get a property at a reduced price, but it can also have its disadvantages. Purchasing a short sale is a more complicated process than a typical home sale, so there are some unique risks involved when investing in this type of investment property.
How long does it take for a bank to approve a short sale?
In June 2012, new regulations from the Federal Housing Finance Agency changed the way banks process short sales. Banks must review short sale requests within 30 days and have a maximum of 60 days to make a decision. The goal is to speed up the short sale process and reduce the number of foreclosed homes.
Can a short sale cause a foreclosure to go through?
Some lenders will postpone foreclosure proceedings after approving a short sale offer in order to allow the sale to take place. If your lender doesn’t postpone foreclosure proceedings, the sale may go through anyway if the foreclosure process takes longer to complete than the short sale.
