They take time and there is no guarantee you will get the house unless the agent doing the negotiating has done many before and knows how to get the bank to accept the offer.

I’ve had banks start off saying my seller would have to pay $15K to get the sale through and if you know how to persist we ended up with zero. Shortsales are 3 – 5 times more time consuming than a regular sale.

I am involved in several right now both representing sellers and buyers and what I am hearing from the Banks having to approve the shortsales that they have as many as 400 of them on their desk …… so be prepared to WAIT.

That said, I bought one for myself and got it $365,000 UNDER what the seller was asking for it 3 years ago. It was a long wait but well worth the money.

If you know anyone that needs to do a shortsale have them call me as I done appraoximately 60 of them now where I represented the sellers and so far have a 100% track record of getting the banks to agree to WHATEVER PRICE we are able to get and they did not require the seller to bring in any money. They also paid my commission and paid all the normal seller fees such as Title, Escrow, Taxes, 1.78% excise tax to the State, etc.

My number is 206-406-2660 and if you need help or advice buying or selling a shortsale I am happy to assist you.

Personally it sounds like they just don’t want to have to work. I have done lots of transactions that were in short sale situations both for my retail home buyers and my professional investor contacts and most of them have gone through.

Short sales do take some extra work and time, but aren’t we getting paid to make deals happen? This isn’t 3-4 years ago when just sitting around waving your real estate license was enough to make a living. Gotta get out there and actually provide service to your clients if you want to make money.

At least that is my position…