Hello SF Short Sell,

You will find plenty of information at my website: http://www.ShortSaleSF.com

Regarding my experience, the facts are these: 9 of my 10 listings are short sales; seven are in escrow, 2 are approved.

One has been in escrow 7 months, a few 2-3 months and 2 only 2-3 weeks.

Short sales are tough and take time. Make sure you find someone who knows what she (or he) is doing. There are only a few of us in San Francisco who specialize in short sales.

Nine out of 10 offers that I receive don’t even have a Short Sale Addendum attached. Believe me, I speak with agents everyday who are writing offers on my listings—no offense to my colleagues—but very few know what they are doing. I have 2+ years experience (with short sales—30 total in real estate). The only other people whom I know besides myself who have a lot of experience with short sales are Ildiko Pali with Princeton Real Estate and Heidi Mueller with Prudential.

You are correct in that many agents will not do short sales. Most of my friends think that I am crazy for doing so. It is not as easy as other transactions but definitely gratifying. Statistically, about 70% get approved so some agents don’t like nor do short sales as there are no guarantees and the banks almost always mess with our commissions.

My advice, talk to 2-3 agents and discuss all of your options. A short sale is NOT always an option and may not be the best one.

Good luck.

Sincerely,
Rebecca
P.S. If there are two different lenders involved, it will be very difficult for someone to assist you.

I think your problem of not finding an agent is over. Plenty of good advice in here. Good luck!

TA

From the looks of the comments, it seems that you should be able to find someone who can help you. Here are some tips for hiring a realtor to handle your short sale: 1) ask the real estate agent how many short sale transactions s/he has closed in the last year, 2) ask about his or her contact with your specific lender(s)--does s/he have any relationships at that bank, how many has s/he closed at that bank, did the bank require a promissory note, etc). That should give you a good start. If you hire an agent but are not confident about his/her short sale negotiaton experience, consider asking the agent to outsource the negotiatons.

Good luck!

SFShortsell

In many ways short sales are a misnomer, there is nothing short about them! There are many requirements and a complexity in negotiation that goes beyond any other sale. I find it sad the Realtors you've contacted haven't responded, but that's probably few San Francisco agents have ever actually closed one. Short sale statistics tell us that many have tried, few have completed.

Give me a call and I'd be happy to have a mutual interview to see if; a.) you might qualify and b.) we might be able to work together. I'd be happy to also give you a referral to my last short sale - closed last week, 4/23/2009.

Looking forward to hearing from you,

Mike
Mike Ackerman
Zephyr Real Estate
415-695-2715
ABZ@ZephyrSF.com

Hello Home Seller,

I'm a realtor in SF and I specialize in short sales. But i don't just specialize in listing them, I specialize in getting them approved and closed so that you will not have a foreclosure on your credit haunting you for the next 7-10 years. I work with a great team at my brokerage and each of our agents have had some kind of road block/hurdle durring a short sale so we have eachother to assist in their experiences with the lender. One in particular is the most recent, my short sale listing. I took over the the listing on the date the lender recorded a Trustee Sale (foreclosure date) with only 3 weeks to market the home and get some offers. We received 8 offers above asking but the bank was delaying. On the day of the Trustee Sale, we got the lender to postpone the foreclosure until the transaction closes (30 days). We just wouldn't take no for an asnwer and had substantial documentation/information to get an approval.

We all work as a team so we get the deal done. However, I understand every home and seller's situation is different. I would be glad to give you a free (no-obligation) foreclosure prevention consultation at your convenience. Whatever you do, the sooner you list the home, the better.

I hope to hear from you soon!

Respectfully,

Christian Randrup
Realtor / Foreclosure Prevention Advisor

Madison Hunter Real Estate
P:415-385-5909
F:415-962-0562
christian@madisonunter.com
http://www.christianrandrup.com

I would be happy to assist you and I’m available to meet with you the next few days to discuss more about your property. Please feel free to give me a call or email.

Karen Mai
Prudential California Realty
(415) 602-5288
kmai@prucal.com

Maybe you didn't ask on Trulia?? Now you will have tons of help. It's a busy market out there, but agents should at least get back to you and let you know they are too busy or don't want to work with short sales, or don't know how. Send over the details of your property and I'll take a look at it, see whats needed, and respond back either way.

Thanks,

Glen Mitchell
Broker
415-722-6085

Sfshortsell,

They are more complicated but I'm surprised no one has wanted to help. Give me a call and we'll be happy to take care of it for you.

Regards,

Lance King/Managing Broker
415.722.5549 cell
lance@fixedrateproperties.com

Feel free to interview me. I'm experienced in short sales and can at a minimum guide you in the right direction. No strings attached. You can read more about me at http://www.MyHousingGuide.com/about

Linnette
925.580.8801
**work SF and have a couple listings in Cole Valley and around

I would be happy to meet with you regarding your sale. I do think it's very strange that other Realtors don't call you back. Even if there were something particularly difficult or preventative I would hope that people would at least articulate that to you.

I'm available for consultation. Feel free to call or email.

Good luck!

Jason Chapin
McGuire Urban Bay
415-420-1143
jchapin@mcguire.com