The Long and Short of It… A Short Sale Success Story..
January 19th, 2010 categories: Success Stories
In a previous article “Why do they call it a Short Sale when it takes so Long” I tried to explain the average time it takes for a Short Sale to close is between 4-6 months.
I think I have broken the record for the longest short sale ( 499 days) from listing date to close date.
When representing sellers in Short Sales you have to be prepaired for anything. In this particular sale we were up against all odds but got it done.
By we, I am including my Negotiator Rob Jacobs, of Short Sale Pathways and my attorney Mari-Kay Zarraza. Without them I would not have closed this Short Sale.
Thank you Rob and Mari-Kay.
This Short Sale had multiple liens and each had to be negotiated seperately. The more liens a property has the more difficult and time consuming the Short Sale can be but it can get done.
We were threatened on numerous occassions that the Short Sale was going to be denied and we were able to postpone the foreclosure date every time.
Short Sales should never take this long and hopefully with HAFA they will be streamlined. To read more about HAFA go to the heading “Short Sales”
