Comments on: Short Sales: The Benefits of Having an Agent on Your Side http://investorwealth.com/blog/2008/07/02/short-sales-the-benefits-of-having-an-agent-on-your-side/ Brought to you by InvestorWealth.com Tue, 02 Dec 2008 15:58:09 +0000 http://wordpress.org/?v=2.2.1 By: Brian Kurtz http://investorwealth.com/blog/2008/07/02/short-sales-the-benefits-of-having-an-agent-on-your-side/#comment-7537 Brian Kurtz Thu, 03 Jul 2008 03:38:58 +0000 http://investorwealth.com/blog/2008/07/02/short-sales-the-benefits-of-having-an-agent-on-your-side/#comment-7537 On that note, you'll want to make sure that the real estate agents are working with knows what they're doing when it comes to short sales. A simple test to separate the sheep from the goatsin this regard is to ask him the following question: "What is the number one thing that determines whether or not a bank will approve a short sale?" If their answer is anything other than "What the BPO Comes in at" then you know that you are probably not dealing with someone that has a lot of experience doing short sales. ...oh, and as an afterthought. The second most important thing in getting a short sale approved is submitting a complete package the first time. On that note, you’ll want to make sure that the real estate agents are working with knows what they’re doing when it comes to short sales.

A simple test to separate the sheep from the goatsin this regard is to ask him the following question:

“What is the number one thing that determines whether or not a bank will approve a short sale?”

If their answer is anything other than “What the BPO Comes in at” then you know that you are probably not dealing with someone that has a lot of experience doing short sales.

…oh, and as an afterthought. The second most important thing in getting a short sale approved is submitting a complete package the first time.

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