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Updated almost 8 years ago on . Most recent reply

Nick Graff's profile image
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Nick Graff
  • Investor
  • from Round Lake, Illinois
  • Member since Jun 24, 2015
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Nick Graff's profile image
Nick Graff's profile image
Nick Graff
  • Investor
  • from Round Lake, Illinois
  • Member since Jun 24, 2015
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Nick Graff
  • Investor
  • Round Lake, IL
17
Votes |
41
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Foreclosures

Attention Short Sale Experts

Nick Graff
  • Investor
  • Round Lake, IL
Posted

Do all banks require short sales to be listed with a Realtor before they will consider your offer?

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Phil Z.'s profile image
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Phil Z.
  • Real Estate Broker
  • from Orange, CT
  • Member since Jun 30, 2013
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Phil Z.'s profile image
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Phil Z.
  • Real Estate Broker
  • from Orange, CT
  • Member since Jun 30, 2013
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Phil Z.
  • Real Estate Broker
  • Orange, CT
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Phil Z.
  • Real Estate Broker
  • Orange, CT
Replied

- CDPE means nothing to a lender.  It's just a 'training' in business to make money for the 'designation'.

- Short Sales do not 'always' need to be listed to be considered.  Each lender has their own guidelines.  The best practice is to list for a minimum of 5 days including 1 weekend.  This will satisfy Fannie Mae and just about every lender.

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