Puyallup Short Sale Market Updates

Are banks and other lien holders making any improvements to the short sale process?

If you have been involved in the short sale process at all in the past six months you know that there have been some improvements made to the process. First, some of the big lenders have implemented an automated system with which to track the progress and ultimately close the loan.

Most lenders are still requiring a purchase and sale to actually start the short sale process but some such are gathering the paperwork and starting the process before attaining a buyer, which is good news.

Typically the short sale process can take up to 6 months but in some cases it is actually taking no more than 60 days. That is note worthy. The banks are trying to improve the process and have in many cases. The smaller lenders however a still a little behind.

If you are in the need for a short sale I would suggest talking with an attorney first. I have a great referral for a lawyer that will sit down with you and answer all of your questions and actually help you determine which is the best way for you to proceed for a nominal fee.

Contact me you won’t be alone.

My Best,

Vanessa

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