This year, we have personally experienced less number of short sale listings and closings compared to 2010 when 25 % of our closed transactions were subject to a lenders approval of a short sale.
We've blogged about short sales many times before. The length of time involved in completing a short sale transaction can vary from lender to lender and be slow (months) or quick (days).
Whenever we have a short sale transaction that goes relatively smoothly, we feel blessed:)
This was the case with a property we listed in Northwest Indiana that closed in only 53 days after an accepted offer to purchase! 
It was our 1st short sale since the new MARS Law went into effect a few months ago.
Indiana Short Sales are impacted by HB 1359, which, in many cases, helps expedite the transaction.
Northwest Indiana Home For Sale Listed by F.C.Tucker 1st Team Real Estate Subject to Short Sale SOLD & Closed in 53 days after accepted offer to purchase!
If you are considering the sale of your property subject to your lenders approval of a short sale, give us a call.
Important Notice:
F. C. Tucker 1st Team Real Estate is not associated with the government, and our service is not approved by the government or your lender.
Even if you accept this offer and use our service, your lender may not agree to change your loan.
If you stop paying your mortgage, you could lose your home and damage your credit.
Thanks for stopping by and reading our Blog about Life in NW Indiana, The Housing Market, Communities, Local Sports, Events, attractions & more.
Sincerely,
Jeff & Grace Safrin, Broker / Owners
F.C.Tucker 1st Team Real Estate
13 Lincolnway Suite # 203
Valparaiso, IN 46383
Office # 219-309-9930
serving Lake, Porter, La Porte, Jasper, Newton & Starke Counties in NW Indiana
Independently Owned & Operated
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Jeff and Grace, what a great job you have done for these sellers. For you to be able to finish and close this sale this quickly, I bet you have some very happy sellers... and buyers as well. Super job !
Thanks for the post.
Good for you.
Good luck in your area.
Thanks Carolyn - not all short sales go this way, however when they do we are thankful.\
Hello Jeff & heather - thaks for taking time to comment.
Sincerely,
Grace
Congratulations on your sucessful closing! Looks like it was a nice house!
It was! Thanks for taking time to sto by and comment!