How to write a successful Short Sale offer:
In a short sale, the short sale lender is approving the short sale for both the buyer and the seller. The approval would come with your name on it and is not transferable.
So, the short sale lenders ask that the buyer identify themselves as a real person who has the money and qualifications to close, before committing the Banks considerable time and resources to approve the short sale for you.
It is a short sale requirement that you as the potential buyer prove that you have to capacity to close.
I am a frequent keynote speaker on the subject of short sales, for Chase, Wells Fargo, AAREA, NAHREB, CDPE. I am also published on the subject of short sales through ezinearticles.com. I actively sell short sales throughout Southern California and have never lost a home to Foreclosure.
When representing a buyer on a short sale, I know the documents that a short sale lender will require in order to approve the sale, and I include a really nice package for the listing agent to submit to the Seller as part of the offer. This strategy results in a higher success rate on getting the offer approved for short sale submittal, and saves valuable time in getting the short sale submitted and approved. Most short sale lenders will ask that this information be updated throughout the course of the short sale.
If I might ask, what is your concern?
Most of my clients line through a few of the account numbers to protect themselves.
Generally, and experienced agent will write the offer as clean as possible, and a really good agent will counter the offer before submitting it to the Bank.
This simple strategy can save you tens of thousands of dollars in the purchase of your new home!
Now more than ever, who you work with in Real Estate Matters!
1(714)342-1978 Julie Boyd, CDPE, SFR,CIPS