Purchasing a Short Sale

Purchasing a short sale can be a difficult process.  Ask most any realtor if they are working short sales and you are likely to get an answer like “I am but I hate it and the process takes too long”. 

Often during the process would be buyers grow impatient of waiting for the banks approval on the short sale price.  When that happens, the buyer sometimes withdraws the offer and  moves on to another property that is easier to buy. 

The reason for the long process is twofold.  First, the banks are overwhelmed with such requests.  Second, most realtors have neither the time nor the resources necessary to process and negotiate a short sale.

We highly encourage those that are interested in purchasing a short sale to use a professional negotiating company like The Borrowers Advocate, LLC  based in Frederick, Maryland. 

Companies such as this specialize in negotiating with banks.  The best of these companies have staff members with banking backgrounds and a standard format for submitting and processing each transaction. 

A recent article from the Frederick News Post speaks to the difficulty of purchasing a Short Sale.  It borders on recommending that would be buyers choose an easier purchase but says little about the great values that can be had with a little expertise and patience. 

Although purchasing a short sale can sometimes take as many as three months, companies like The Borrowers Advocate can make the process much easier and very often much faster at no cost to the buyer. 

So don’t be afraid to buy a short sale.   Contact your realtor and discuss using a company that specializes is helping you with your transactions. You can get in to your next home for well below market value. 

Get some help.  Be a little bit patient and get the home of your dreams for way less than your neighbors paid!

Todd Morganti