SHORT SALES

I've been working in a Short Sale. This is a LOT of WORK for a realtor. First you have to get permission from the Seller of the home to allow the bank to talk to you, the realtor. I faxed over a letter, signed by my seller, and a week later the bank (whose name I probably shouldn't mention but it's two words and the first starts with "W" and the second starts with "F") still couldn't find the fax. So, we did a three-way conference call with the bank, me, and my Seller. Then they allowed me to start sending things over. After all was gathered, I faxed over 87 (YES, Eighty-seven) pages to the bank ! Things like the Listing Agreement, the MLS listing sheets, the Seller's hardship letter, two months' bank statements, tax returns, pay stubs, and the Residential Purchase Agreement, plus some other documents, and it was an all-day thing. The Seller's name and loan number had to be on top of Each and Every Page. Then I wait another day, call them back, and make sure they got everything. Wow. I was exhausted when I finally got done, about 5 P.M. this afternoon. Fingers crossed that this home will sell quickly (i.e., that the bank will process the papers and accept the offer !)