NorthWest Indiana Real Estate Blog: Short Sale Tips that Helped Us :)

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Short Sale Tips that Helped Us :)

 Recently we facilitated the completion of a successful short sale.

These transactions can be time consuming and depend alot on the cooperation of the lender

( in this case, the lender was easily accessible to communicate progress & did cooperate :)

Our State Association sends out an email newsletter.

One recent issue featured an article by the Attorney for our Legal Hotline.

The TIPS in it were very valuable in helping us through the process of closing this property sale!

Click here ---> for this Informative Link-QUICK GUIDE TO SHORT SALES by Richelle Cohen Mossler

 for Suggestions that may help you as a Listing Agent or A Buyer's Agent

if you are faced with an offer that is Subject to the Lenders Approval of a Short Sale!

Sincerely,

Jeff & Grace Safrin - REALTORSserving Lake, Porter, La Porte & Starke Counties in Northwest Indiana      

www.safrin.net      

 

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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

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6 comments • Jeff & Grace Safrin, Broker / Owners, SFR, CRS, Northwest Indiana • October 19 2007 03:05PM

Comments

This looks like great information. I have never been the listing agent for a short sale before, but I believe there will be a bunch of them on the market in the upcoming months. I need to get educated now. Blessings!
Posted by Elizabeth Nieves - Bilingual Raleigh - Durham North Carolina Real Estate Team (The Elizabeth Nieves Realty Group) over 4 years ago

Thanks for stopping by and commenting Elizabeth - Yes, Unfortunately, we are sure we will keep this article handy and refer to it again :(

Blessings to you to!

Posted by Jeff & Grace Safrin, Broker / Owners, SFR, CRS, Northwest Indiana (F.C.Tucker 1st Team Real Estate) over 4 years ago
Hi Jeff & Grace,
Thanks for sharing the information that was helpful to you.  Short sales are exhausting!
Posted by Cynthia Tilghman, Realtor® Onslow County NC Home Specialist (Kingsbridge Realty, Inc) over 4 years ago

Hello Cynthia, Thanks for dropping by and commenting... yes Short Sales are like a Marathon RUN transaction :0

Have a great week

Sincerely,

Posted by Jeff & Grace Safrin, Broker / Owners, SFR, CRS, Northwest Indiana (F.C.Tucker 1st Team Real Estate) over 4 years ago

I am working on 2 short sales right now.  One with Wells Fargo.  Both the seller and I called them twice daily (4 times total a day) to get it sent to a negotiator in a timely fashion.  Hopefully we will have an answer soon. Our offer is 88% of the amount owed by the seller.

The other is with Chase.  They are reviewing the offer.   They did tell me that they like to see 80% of the first mortgage and they will settle for very little on the second.

Short sales take much work but they are going to be a major source of business in the near future.

Posted by Jeff Payne, Panama City Real Estate (The Payne Group at Keller Williams Success Realty) over 4 years ago

Hello Jeff- Good Luck With Your Short Sales, Hopefully You will get cooperative lenders as we did!

Hope the link to the ahndout helps give you some tips as well!

Thanks for stopping by - we agree- there will probably be alot of short sales in the next year or so from ARM's coming due :(

Posted by Jeff & Grace Safrin, Broker / Owners, SFR, CRS, Northwest Indiana (F.C.Tucker 1st Team Real Estate) over 4 years ago

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