Buying a Wellington Short Sale can be a very daunting and confusing process, especially if you are not working with an experienced Wellington Short Sale Agent who can guide you through the process. This is the third in a series of post, which will serve to educate Wellington home buyers about the often misunderstood process called a short sale:
Buying a Wellington Short Sale: Short Sales are NOT Short
Wellington home buyers often assume the word “short” in SHORT SALE refers to the time frame it will take to receive short sale approval. Unfortunately “short” in SHORT SALE does not stand for the time frame, it stands for the short fall, which is what the sellers lienholder will be taking.
The actual time frame it takes to receive short sale approval will vary, some short sales may be approved within 30 days while others may take weeks, months and in some cases over a year. While hundreds of short sales are approved every month some short sales will not be approved for numerous reasons, including the short sale seller not agreeing to the short sale approval terms.
If you are interested in purchasing a Wellington short sale and need an experienced short sale agent contact me today!
Part 1: What is a Short Sale?
Part 2: Short Sale Negotiations
