Successful Short Sale Tips
#1 Hire an agent who specializes in the short sale process
Working with banks and taking advantage of special government programs and incentives takes a highly specialized kind of Realtor who has the experience and staff to guide you through the process. That's why the Brenkus Team created its Short Sale Division to better serve our clients needs.
#2 Complete all required paperwork quickly and accurately
Once you start the process, you should take no more than 3 to 5 days to complete any paperwork or documentation that the lender asks for. The banks are working on a rapid schedule to move as much inventory as possible. You'll give the bank an extra incentive to approve your short sale fast if they see that you are organized, prompt and accurate.
#3 Make sure that all of your HOA payments have been made.
Past due HOA balances are a major obstacle to closing quickly and it makes negotiating with the bank easier.
