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.
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