Short sale is definitely the new buzz word in real estate. In this difficult economy, more and more short sales are coming onto the model every day. Of course, the term is very misleading, for as most know, a “short„ sale can take a long time to complete. Is there a way to streamline the process? And should we bother? Are short sales here to stay, or just another passing trend in an ever-changing model?

Cynda Rader blogs about the long and short of short sales.

“I never cease to be amazed at how long short sales take, and I ask the people I speak to on the front lines of the big banks and mortgage companies each day, •why?․ No one ever has a clear-cut answer.

As a long-time agent in my model, short sales were not a portion of business that I ever dreamed would become such a necessity. those people are difficult, tedious, and extremely frustrating, but here is why most of us hang in there-people who are in trouble out there need us.„

It appears that short sales are here to stay, at least for the short term. The more we see them on the model- like it or not- the more we are all becoming experts on them very quickly. Yes, it․s a long and tedious process, but when REI clients come to you for advice, remember, you are the experts.

Click through now to read Cynda Rader․s blog.

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