What about Short Sales?
As of December 19, 2008 REALTORS utilizing the MLS system now have a new tool through a partnership between banks and homeowners for a preapproved price on some Short Sale properties.
Pease note this is a pilot program which helps minimize the guess work for our clients on price negotiations; gives shorter wait times due to direct access to the lender servicing the original mortgage; and increase the transparency for all parties on the Short Sale process.
This means that if a potential buyer makes an offer at the listing price, the lender will accept the offer if the transaction meets other standard requirements (e.g., asset check, fraud detection, and no second liens, etc.).
Basically, the banks are working harder than ever to compete with the ease of the REO buying process. So whether it’s a Short Sale, an REO home, a general investment property, or the home of your dreams, our Agent has a program to meet your needs!
