Minneapolis MN – Many homeowners think they have lots of time. “We’ll put out home up for sale in a few months. I know the bank is working to foreclose on it, but we can wait”, they say to themselves.
In order to have a successful short sale, then your agent will need time to submit everything to the lender and for them to process it. Some lenders are taking 3-5 months to process a short sale. They are swamped and don’t have enough personnel to handle all the requests.
In addition, it can take a month or more for your home to sell. Buyers don’t always materialize in 2-3 days. Even if the sheriff’s sale has happened, we can help you. But the 6 months after the sheriff’s sale goes quickly so the sooner you decide what you’re going to do, the better off you’ll be.
Are you are working on a loan modification, but have short sale as a backup option?
In that case, you can make the short sale process easier by preparing all your documents ahead of time. If you have all of your financial documents prepared, then submitting the short sale will be quick and easy.
That alone will save a lot of time and make the odds of a successful short sale more likely. Thinking about a short sale? Have questions and want answers? Check out my short sale site – Minnesota Short Sale Professional
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at(612) 516-3456
Get educated and make good decisions!
Thanks for reading this, Joe Stradcutter.
Joe is a Real Estate Agent at High Pointe Realty. Minneapolis Short Sales Realtor:
Phone: (612) 516-3456. jstradcutter@gmail.com.
