Comments on: Short Sales In Denver: Fact Versus Fallacy http://www.denversrealestatenews.com/short-sales-in-denver-fact-versus-fallacy/ Denver Homes For Sale | Denver Real Estate | Denver Schools Info Tue, 22 Dec 2009 05:40:40 -0600 http://wordpress.org/?v=2.9.1 hourly 1 By: Why The Urgency To Buy A Denver Home? Short Sales are plentiful, Mortgage rates are low, Sellers are eager! — Denver's Real Estate News http://www.denversrealestatenews.com/short-sales-in-denver-fact-versus-fallacy/comment-page-1/#comment-4340 Why The Urgency To Buy A Denver Home? Short Sales are plentiful, Mortgage rates are low, Sellers are eager! — Denver's Real Estate News Sat, 08 Aug 2009 03:10:08 +0000 http://www.denversrealestatenews.com/?p=139#comment-4340 [...] buy and close before the incentive expires…  UNLESS you are considering one of the hundreds of short sales on the market right now!  Short sales almost invariably take 3-6 months to close.  Since the [...] [...] buy and close before the incentive expires…  UNLESS you are considering one of the hundreds of short sales on the market right now!  Short sales almost invariably take 3-6 months to close.  Since the [...]

]]> By: Jim Gilbert http://www.denversrealestatenews.com/short-sales-in-denver-fact-versus-fallacy/comment-page-1/#comment-4305 Jim Gilbert Mon, 03 Aug 2009 14:22:04 +0000 http://www.denversrealestatenews.com/?p=139#comment-4305 One thing is clear: the buyer and hsi agent had better not be short on patience. One thing is clear: the buyer and hsi agent had better not be short on patience.

]]> By: admin http://www.denversrealestatenews.com/short-sales-in-denver-fact-versus-fallacy/comment-page-1/#comment-35 admin Sun, 21 Dec 2008 04:00:09 +0000 http://www.denversrealestatenews.com/?p=139#comment-35 Hi Matt, Your experience is not unusual. It's not uncommon for a bank to get overwhelmed with the number of files each loss mitigator is assigned to. It is essential to have a proactive listing broker to maintain constant contact with the bank-- and frequently, a very persistent Buyer's Agent to remind the listing broker to keep calling the bank. I find it very helpful to get the listing broker to submit a third party authorization form to the bank authorizing the bank and I to talk about the file. This way I can make sure the file submitted is 100% complete and any delays are related to case load and not to incomplete submissions. I've circumvented several delays this way (by catching and submitting a missing form or updated contract document) I hope this helps in the future! -Bob Denver's Real Estate Guy Hi Matt,

Your experience is not unusual. It’s not uncommon for a bank to get overwhelmed with the number of files each loss mitigator is assigned to. It is essential to have a proactive listing broker to maintain constant contact with the bank– and frequently, a very persistent Buyer’s Agent to remind the listing broker to keep calling the bank. I find it very helpful to get the listing broker to submit a third party authorization form to the bank authorizing the bank and I to talk about the file. This way I can make sure the file submitted is 100% complete and any delays are related to case load and not to incomplete submissions. I’ve circumvented several delays this way (by catching and submitting a missing form or updated contract document)

I hope this helps in the future!
-Bob
Denver’s Real Estate Guy

]]> By: Matt http://www.denversrealestatenews.com/short-sales-in-denver-fact-versus-fallacy/comment-page-1/#comment-32 Matt Sat, 20 Dec 2008 00:20:14 +0000 http://www.denversrealestatenews.com/?p=139#comment-32 Real Estate Guy, I tried to buy a short sale but we never got a response from the Bank. How often do short sales get approved and how often do they fall through? Real Estate Guy,

I tried to buy a short sale but we never got a response from the Bank. How often do short sales get approved and how often do they fall through?

]]> By: Avoiding Foreclosure Part 2 — Denver's Real Estate News http://www.denversrealestatenews.com/short-sales-in-denver-fact-versus-fallacy/comment-page-1/#comment-22 Avoiding Foreclosure Part 2 — Denver's Real Estate News Tue, 16 Dec 2008 23:23:58 +0000 http://www.denversrealestatenews.com/?p=139#comment-22 [...] a Loan Modification or a  Special Forbearance with your existing lender and add more facts to my earlier post about Short Sales—which was revealing the Buyer’s experience and I’ll explain more about how a Seller can do a [...] [...] a Loan Modification or a  Special Forbearance with your existing lender and add more facts to my earlier post about Short Sales—which was revealing the Buyer’s experience and I’ll explain more about how a Seller can do a [...]

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