We were talking about the overall process for someone new to the short sale world and looked at each other and said “man that is a lot of stuff and it seems to take forever”.
DO THE DUE
Due diligence in a real estate contract involves the buyer investigating all aspects of the property so that they know everything that can be known about the property before a sale. A typical residential sale will have a due diligence period of 14 to 21 days. There is no “standard” due diligence period, or legal due diligence period, unless a contract is signed specifying the period of due diligence. It can be as long or short a time period as needed, providing the buyer, seller and lender agree.
SHADOW INVENTORY -AVAILABLE SHORT SALE PROPERTIES- just wanted all of you to read this article from DSnews.com. Inventory depletion last year didn’t make a dent in the available properties. It could take as long as three more years to clear the inventory and expect to see property values still fall for some time in the future.
How to use Trulia.com to find free short sale leads.
MyLocalShortSaleExpert.com provides services to homeowners under distress and hardship, to prevent foreclosure and provide quality homes to buyers and investors