Are Short Sales Dead?

I’ve been hearing throughout the industry that short sales are dead and lenders are not giving approvals. I’m not seeing that necessarily as I just received a Wells Fargo short sale approval. Just in the past there has to be a valid hardship for the lender to approve a short sale. The time to process is relatively quick at least it is with Wells Fargo short sales. Complete approval time took less then 30 days and that included a lender counter on the sales price and a buyer counter of the counter. Not everyone has recovered completely from the market crash of 2008.

If you know someone struggling and they do not want a foreclosure on their credit report please forward this blog post to them and have them talk to me.

At Team Olsewski, we’re dedicated to providing you with valuable information and insights in the changing mortgage environment. For more about other resources to help you manage and grow your business, please contact us.

Coldwell Banker 32675 Temecula Parkway Ste A Temecula, CA 92592
Selling your home? Contact us! (951) 506-5744
Looking for a great home? You can search homes by licking your desired location:
Adelines Farm | Alta Vista | Arbor Glen | Bear Creek | Canyon Lake | Central Park | Chardonnay Hills | Copper Canyon | Corona | Creekside Village | Crowne Hill | De Luz | Four Seasons | French Valley | Glenoak Hills | Greer Ranch | Harveston Temecula | Hemet | La Cresta Murrieta | Lake Elsinore | Lantana | Los Ranchitos | Mapleton | Meadow View | Menifee | Moreno Valley | Morgan Hill Temecula | Murrieta | North Star Ranch | Nuevo | Old School House | Paloma Del Sol | Paseo Del Sol | Perris | Rancho Bella Vista | Rancho Highlands | Red Hawk Temecula | Riverside | Roripaugh Hills | San Jacinto | Santiago Ranches | Serena Hills | Spencers Crossing | Temecula | Temeku Hills | The Colony | The Knolls | The Vineyard | Vail Ranch | Vintage Hills | Wildomar | Winchester | Winchester Creek | Wine Country, Temecula | |Wolf Creek Temecula |
Team Olsewski can also be found through these media:

This entry was posted in Credit Challenges, Short Sales, Wells Fargo Short Sales and tagged , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.