Short sales still taking a long time to process

Buyers, sellers, and agents alike are very frustrated over the long delays in processing short sales. There are reasons for these delays but understanding them will help alleviate some of the frustration.

 

Getting Rid of a Promissory Note After a Short Sale

In a large number of short sale cases, the lender has required the sellers/borrowers to sign a  promissory note as a condition of the short sale approval.  We often are asked if there are ways to get rid of that promissory note after the short sale is completed. The answer is “Yes!”  However, before describing the Continue reading...

 
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