Welcome to part two of  “should I short sale my home”  Periodically I will post different thoughts and  concerns that will help you answer this question

Today’s question  –  “Do I have to be behind on my payments before the bank will consider a short sale?”

Until recently I would have said yes, however I just received a “short payoff” approval today on one of my listings and the seller is not late on a payment.  The loan is through GMAC, kudos to them, they were really “on it” from the beginning.  I obtained the approval in about 12 days!  It has been my experience that when the process is done properly the results are getting measurably better then from just a month ago.  We are trying to lessen the impact on this sellers credit, he should just take a minimal hit. 

If you are considering selling your home call me!  If you must do a short sale I can help you, I have a successful track record.  If you just need more information to make a good decision, please do not hesitate to call, I do not mind sharing my knowledge, all I ask is if you choose to sell or buy that you consider me and refer me to your friends, family or other contacts that my need to buy or sell Real Estate.