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While the concept of first getting a purchase offer and then getting a bank approval is simple, the actual execution of a short sale is mindboglingly inconsistent and inefficient.  This is understandable for an infant niche that is overwhelmed and rapidly changing.  However, to a homeowner who does not live and breath this niche, it can be extremely frustrating and disheartening.  Many simply give up and let their home go into foreclosure…please don’t.

Let us unravel the mystery by exposing some of the complexities behind a short sale transaction.  It is not atypical to have more than a dozen people involved in a single short sale transaction with only one mortgage and no other judgments or liens.  Plus, there are very little standardization across the board in terms of investor rules, investment vehicles, loan products, servicer processes, and mortgage insurance company guidelines.  Then, there are ongoing ownership transfers in both mortgage notes and servicing rights.  All of these complexities are normally under control in the capable hands of the financial institutions. The current nightmare is caused by the compounding effect of the complexity and the overwhelming surge in mortgage delinquency due to recent housing market slump.  In light of the surge, lenders/servicers have outsourced, hired, and added new systems in such a rapid clip that integration and training are lagging so far behind, leading to much of the inefficiency and inconsistency.

It is this very reason that a homeowner needs professional assistance now more than ever to navigate the maze and make it through to the other end. Don’t despair, you’ve done the toughest part and found help!  Now all you need to do is contact our short sale specialist Victoria Alexander and let her take care of it.  At last, something simple. No fees. Confidential.