When it comes to getting a short sale approved I can tell you that if it’s a GMAC Homecomings serviced loan it’s going to be a lot easier to get an answer. We may not always be able to get an approval but we will know quickly if we can get the deal approved or not. The most common problem with a short sale is the owner of the note. There are going to be lien holder’s that will never agree to a short sale and it doesn’t matter who is servicing the loan, that’s just the way it is.

With the contacts we have at GMAC & Homecomings we will be able to get a fairly quick answer. It’s like having a toll free number to god for anyone who has experience dealing with short sales!  In this mess of a short sale market that can be priceless. I wouldn’t say the same thing about any other bank because we don’t have that kind of relationship in place. Not to say we haven’t had success, we have had a lot of success with various banks and have completed numerous short sales but it’s not easy. I am not sure if you are in the business or a homeowner but anyone who has had to deal with a short sale knows this can be a painfully long and dragged out process.

Are we experts? In my opinion, knowing the number of other agents trying to do short sales we are far superior, more competent and better than 95% of all the other agents handling short sales.