One of the most important things to do is to make sure the listing agent sends in a complete packet with all the required documents and the sellers loan number displayed. The timeline from start to finish will vary but getting off to the right start is important.
I hope this helps!
The best short sales are the ones where the underlying lien holder has already approved the price! That means that they have already looked at an offer and have been through the whole process but the buyer's walked away for some reason (i.e. got tired of waiting?). The best way to find this out is through a real estate agent who can call the listing agent and inquire as to the status of the short sale and what stage of the process it appears to be in. One should also ask if the sellers have a true hardship because if they don't, there isn't going to be any short sale and everyone is wasting their time.
At any rate, I sure wouldn't try to buy a short sale home without an experienced agent on your side anyway. I would love to hear from you should you decide you would like some help with this.
Bottom line is short sales can be frustrating, but if you are willing to wait and know that the agent listing the property has experience in Short Sales you have a great opportunity.
Fell free to let me know if you have any more information, I live in Snohomish and do a lot of work in the area -- so happy to coach you through the process.
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