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Archive | January 16, 2013

Avoiding the Dirty Dozen Barriers to Short Sale Success




iStock_000009846698SmallShort sales often take three times longer than a traditional transaction and sometimes never close at all. By hiring an agent who knows to avoid these twelve barriers, the process can be less stressful.

1.) Poor short sale candidate

  • Establish objective criteria
  • Conduct an extensive interview with homeowner
  • Ascertain seller is motivated and cooperative

2.) Agent lacks familiarity with the lender’s requirements and procedures to complete the short sale

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