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RE/MAX Affiliates
Katie McCartney |
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(614) 439-1874 |
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(866) 232-5248 |
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Be Mindful with Short Sales
Dec 17, 2009 | 
I don't understand why Short Sales bring out impatience in everybody. I mean it is universal impatience. IF you don't know the universal truth about Short Sales, then here has been my experience with the Banks who are involved in a Short Sale:
- Notoriously SLOW
- Misleading
- Lack of Communication
- Make False Promises
- No Internal Processes are Revealed
With this lack of communication, you need to be flexible and patient with the process. Practicing patience and mindfulness will only bring to you the abililty to get through a Short Sale transaction. There is no real reason for any corporate entity to want to own the property; but, for some reason trying to figure out WHY they are not moving as fast as you want them to move will only lead you to a deadend answer. There is no real answer to the question of "why does a Short Sale take so long?".
I don't know how many times I have faced this "taking too long" frustration from buyers, sellers, and my colleagues. It is a fact of life. It is the environment of the Short Sale deal. It is what it is. Until there are better processes in place by Banks and the departments that deal with Short Sales to better handle public expectations (a.k.a. until the banks have a reason for a better image), this is the state of the situation. Expect it. Plan for it.
Picture from StockXpert.com.
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