Comments on: Short Sales: Many a Slip ‘Twixt the Cup and the Lip http://www.behindthemortgage.com/2008/04/short-sales-many-a-slip-twixt-the-cup-and-the-lip.html Alex Stenback | Twin Cities Blog on Mortgages, Rates, and Real Estate Sun, 07 Feb 2010 23:24:57 +0000 http://wordpress.org/?v=abc hourly 1 By: Ron http://www.behindthemortgage.com/2008/04/short-sales-many-a-slip-twixt-the-cup-and-the-lip.html/comment-page-1#comment-903 Ron Wed, 25 Jun 2008 09:25:54 +0000 http://dev.multiplycommunications.com/btm/?p=732#comment-903 This is a good looking blog, your graphs and pictures are appreciated to understand this. Keep up the good work, it's interesting to see how long the process can take. agent/broker This is a good looking blog, your graphs and pictures are appreciated to understand this.

Keep up the good work, it’s interesting to see how long the process can take.

agent/broker

]]> By: Amy Caron http://www.behindthemortgage.com/2008/04/short-sales-many-a-slip-twixt-the-cup-and-the-lip.html/comment-page-1#comment-902 Amy Caron Sun, 20 Apr 2008 21:43:30 +0000 http://dev.multiplycommunications.com/btm/?p=732#comment-902 4.5 weeks response time on a short sale would be a dream. Try 4-5 months. That is my experience with short sales. The problems buyers are experiencing with short sales are incredible. The sellers are in even worse positions. In some communitues I am showing, over 10% of the homes in the price range I am showing are short. 10% is generous, too. And at the end of the day many of these short sales will not close and the seller will end up in foreclosure. Some banks are more willing to do a short sale than others. Short sale have been hell on the agents, too. It's a very difficult job for the list agent, and the buyer's agent ends up getting the run around. There's just no good solution. 4.5 weeks response time on a short sale would be a dream. Try 4-5 months. That is my experience with short sales.
The problems buyers are experiencing with short sales are incredible. The sellers are in even worse positions.
In some communitues I am showing, over 10% of the homes in the price range I am showing are short. 10% is generous, too.
And at the end of the day many of these short sales will not close and the seller will end up in foreclosure. Some banks are more willing to do a short sale than others.
Short sale have been hell on the agents, too. It’s a very difficult job for the list agent, and the buyer’s agent ends up getting the run around. There’s just no good solution.

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