Tag Archives | short sale closing

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Flood of Service Releases Delaying Short Sales

A recent surge in service releases by lenders has significantly impacted the short sale market, resulting at best in lengthy delays for approvals, or at worst with the deal falling through completely.  Short sales were always more time-consuming and complex than a traditional real estate transaction. Now there are even more hurdles. Why the surge […]

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3 Reasons Why Banks Reject Short Sales

Every lender has different criteria for evaluating a short sale offer.  There are, however, common reasons why banks will reject an offer.  You can increase the chances of your short sale offer being accepted if you avoid these deal breakers. Short Sale Deal Breaker #1: The short sale package is incomplete. Get a no-cost, confidential short […]

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