Mortgage-Mod-Monster

10 Costly Short Sale Mistakes – and how to avoid them

Below is a Cliff-notes version of Albert Stimer’s posted article.
This is concise and well-written. The link is at the bottom

Short Sale How Avoid Costly Mistakes.

Albert Stimer August 27, 2009 Short sales can be very confusing and as such can cause Realtors to make mistakes which may affect everyone involved.

ORLANDO, FLORIDA – August 27, 2009 – “Short sales” require that both the homeowner and the Realtor to complete several steps and complete them successfully. However a experienced “short sale” Realtor will know what to avoid in a “short sale” situation.

Here are ten mistakes that Realtors make when involved with “short sales”:

 Doing nothing.

 Not following the rules.

 Weak presentations.

 Being all talk but no action.

 Being unprepared at any step in the process.

 Diversifying.

 Problems with supporting documentation package.

 Problems with the Broker Price Opinion (BPO).

 Not hanging in there.

 Disclosure , Disclosure , Disclosure

Read it here