Short Sales in Palmdale and Lancaster California

With the Real Estate Market/Climate changing, you will encounter more “Short Sales” instead of “Resales” or even REO (Bank Owned Homes).
The Lender’s are making it easier to cooperate therefore, listing and selling a Short Sale Home is becoming the “norm” if you will.
A “Short Sale” simply means that the “Borrower” owes more than the home is worth. Although there a procedures and requirements to adhere to. Not all banks are the same and not all borrowers meet the guidelines to qualify for Short Sale approval.
Hiring an experienced REALTOR, to get you through this process is crucial. There is no time to waste and constant communication with the bank is essential. If the home is not priced correctly, the home will “sit” without receiving any offers.
Once an offer is received, it is imperative to know what the bank is requiring and submit those items without delays.
Having dealt with Short Sales, I understand the process and keep up with the changes that are being implemented in order to get a resolution that will be satisfactory to all parties involved.

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One Response to Short Sales in Palmdale and Lancaster California

  1. Michael Sauve says:

    Need to find a real estate professional experienced in short sales. West Lancaster home. 818-200-7858. Appraisal ordered and done, but have not received report.

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