Yippeee…

Have you heard the great news?

Now when you give a short sale offer to the bank on a primary resident they have to give you the amount that they are willing to accept at the time the offer is presented.

This is great news because normally you find yourself in negotiations with a bank on a short sale for two to twelve months.

Years even, depending on the bank.

This is great for the owner of the property,  because they will know exactly if they need to make plans to vacate the premises on a high note or a low one.

I mean it can be a matter of exiting with a sheriff’s sale notice on the door telling them to get out within two weeks or having at least 30 days to find new habitation after selling their home at a discounted price.

If you are in the business of making money on short sales then you know that this means bigger pockets in quicker time.

No more wasting countless months and sometimes losing buyers because it took too long to get the approval and the investor moved on to another deal that didn’t take as long.

That’s right…

I am on my way to giving another short sale offer to a bank with the ease of mind knowing I will get an immediate yay or nay.