Colorado Springs Vintage Homes Blog

Short Sales can be Successful

What makes a successful Short Sale?

If you are interested in a short sale, It’s important to  utilize a Colorado Springs Real Estate Agent that specializes in Pre-foreclosures, Foreclosures, and Short Sales; and has a successful and ethical track record.  Call Kathy Torline – Nordstrom, 719-287-1049, KTorline@msn.com

Some statistics say that only 10% of short sales result in a successful closing.  Not good odds.  Made me start thinking about what makes a successful short sale.  They do take a lot of hard work and each one is different, but there are some key factors that can make the difference between a successful short sale and one that fails.

1. Seller has a genuine hardship.
2. Seller is cooperative and motivated to complete the steps required by the lender(s)
3. Lender(s) and other lien holders have been contacted and are willing to consider a short sale Read the rest of this entry »

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