The Short Sale Process: How To Avoid Delays

Short sales offer underwater homeowners an easier way out of trouble, but they don’t always proceed as smoothly as we like – this kind of transaction can take up to three months longer than a regular sale, and during that time there’s lots of potential for the deal to go sour.

Record Number of Short Sales Expected

The number of short sales has shot through the roof in 2012, and if things continue the way they are going – as expected – we could see a new record set by the end of the year.

Short Sales to Speed Up

Following a recent settlement with the state attorneys general, new short sale requirements are to be adopted by the largest five mortgage servicers in the US, in the expectation that these will speed up what has become quite a lengthy process.

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