This week I submitted three different short sales to three different lenders. Two of them still want everything under the sun from the homeowner; tax returns, pay stubs, bank statements, hardship letter, etc. But one of them surprised me; Chase. When I called the negotiator in anticipation of the usual request, she said, “oh no…we don’t need all of that any more. Just fax me the offer, hardship letter, HUD1 and MLS listing. I was shocked. In fact, I am still thinking there is a catch! But who knows…maybe, just maybe, banks will begin to make at least this part easier. Don’t get me wrong, I don’t believe for a minute they are doing this for the consumer. I do think that it is good for them to get homes sold easily on short sales instead of losing valuable time and money on foreclosures. This is an ever changing market and Realtors have to stay on top of the news daily to be sure they have the latest information.

If you or someone you know, needs some help knowing how to move forward, please let me know. Whether their questions are about loan modifications, short sales, foreclosures and/or bankruptcy, I can help you or them maneuver through the system.