Short Sale Information updated

A week or so ago I attended another Short Sale Seminar put on by Coldwell Banker.  The location was down the hill at the Placer County Board of Realtors and Kathy Mehringer of Coldwell Banker NRT was our teacher.  She brought us up to date on all of the requirements that the bank will want and need to see if they are to approve a short sale.  Coldwell Banker has put together a template to try to help all of us Coldwell Banker agents remain consistent in our offer presentation to the banks, thus making it easier on the person processing the offer.  We are hopeful that this will move the process along.  Kathy also has published, in PDF form, a Q & A on the short sale.  Be sure to read up here if you want to understand the pitfalls, advantages and logistics behind the Short Sale.  Thank you Kathy.  Kathy’s Frequently Asked Questions – Short Sales  This mechanism is here to stay for awhile as we all look for ways to buy and sell real estate.