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Updated over 13 years ago,

User Stats

185
Posts
33
Votes
Jerry R.
  • Wholesaler
  • Fort Myers, Cape Coral, Naples, FL
33
Votes |
185
Posts

Resurrecting an old short sale

Jerry R.
  • Wholesaler
  • Fort Myers, Cape Coral, Naples, FL
Posted

I was contacted by a home owner who is getting close to foreclosure and asked if I could help.

He had it listed with an agent who submitted all the short sale information a long time ago. Basically the agent gave up and it sounds like he has not heard from the agent in over 6 months. Now it sounds like it's getting down to the wire.

At this point what type of cooperation can I expect from the lender? Will I have to start from scratch or will the existing short sale packet be available to me. I can bring a new agent to the table and hire a negotiator if I need to.

Any insight on this is very much appreciated.

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