How long do short sales take in Ann Arbor is a question I get asked quite a bit.
The answer is it depends.
- Depends on the bank…
- Depends if there is two loans…
- Depends if the agent knows what the heck they are doing…
One of the first things we do on the Missy Caulk Team is collect EVERYTHING the bank(s) are going to require UP FRONT.
It is called the “Short Sale Package” and includes, last 2 pay stubs, hardship letter, last 2 years of tax returns, authorization forms and financial work sheet.
Once we have collected this from the sellers, we label each page with the sellers last name, the loan(s) numbers and the last 4 digits of the sellers Social Security numbers. This goes on every single page, because banks are known for loosing them.
Then we wait for the offer to come in. Once it does, we send it off to the bank with the whole Short Sale Package.
After this it is out of our control.
So in answer to your question, "How long do Short Sales take in Ann Arbor?"
It depends.
But, we were prepared and ready to go to do our part in moving the Short Sale Process along.
If you are upside down on your mortgage don’t bury your head in the sand, call us today. 734-926-9797
Missy Caulk & Team can be reached at 734-926-9797 or email: Missy@MissyCaulk.com
Our Team of 6 agents are available to help you relocate to Ann Arbor, Saline, Dexter, Chelsea, Milan, Ypsilanti Township, Clinton, Manchester, Whitmore Lake, or throughout Washtenaw County, MI.
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Stay strong, stay faithful, stay honest, stay loving, stay true to who you are, most importantly stay true to who God is as you'll be who you are, and you'll be happy, you'll be you, you'll be free. -Jamie Caulk
Some day we will look back at this and laugh, but right now short sales are a large portion of the real estate market,
Upfront is the key, Missy.... You truly know how to lead the pack.
Happy New Year and I'll see you at top.
Missy... some good basic information here. You here so many rumors about short sales... and I think at times, it's because the realtors will say what sounds good to get the deal... I think a lot of it depends on the agent, whether they know what they are doing... and the bank and the person at the bank.. good post.
Missy, submitting a complete package is key to a quick return and a great idea to remember to label all pages with "sellers last name, the loan(s) numbers and the last 4 digits of the sellers Social Security numbers".
Missy you gave the right answer to anyone looking to purchase or sell an Ann Arbor short sales. How long the process takes depends on so many factors, the important point is getting the right representation.
So right Missy. Make sure the package is prepared and ready to send to the bank so when an offer comes in there will be no delays. After that a few prayers wouldn't hurt...
Well sometimes i dont know what to think of short sales. They are getting better and then they are not!