When is a Good Time to Update Your Documents with the Bank?
Hey, I’m Saul Carter with Others Realty, Modesto’s main short sale team. I wanted to speak at this time about updating your documents. While you’re in a short sale, there may be the short sale package which is bank statements, financial statements, pay stubs, taxes, and all that stuff. Well as we go through the transaction, we have gotten an offer; we’ve sent off the short sale package, the financial institution is going to ask for updated documents. I’ve actually had some clients recently who’ve asked how things have been going, and I’ve needed to inform them I have been waiting for documents from them for 2 weeks now. I remind them that I’ve sent several emails. Well, issues get placed on hold if you are asked by the bank for paperwork and you don’t provide them.
It is essential, and one of many things I always have my sellers sign is a seller’s expectations document. It outlines the short sale process and the entire things that are required of them. I take it seriously. I would like them to be just as concerned as I am to get this completed for them. Irrespective of you try to help any individual, if they don’t seem to be concerned it is not going to happen. Mainly if there have been any short sales that I haven’t gotten authorized; I can particularly point to sellers not being engaged in why that happens.
Anyways, here’s to doing real estate the Others’ way where we are Modesto’s main short sale team. If you happen to do have any documents to get to me, get them to me and we’ll get your short sale done. When you have another questions, please give me a ring or fill out the getting started form here on the website. I hope to talk to you soon. Thanks, bye.
For more information on short sales and how to avoid foreclosure, visit the Modesto Short Sale blog or you can also contact the Saul Carter team and get started today.
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About Saul Carter
Graduate 1995 BA in Business Administration, Marketing from California State University. Started in Real Estate 2002, sold residential for 9 months before moving into Commercial Real Estate, Specialized in Retail and Office space in the Central Valley of California. When the market turned in 2007 was caught off guard as commercial real estate dried up. Starting in late 2008 started pursuing short sales as a business strategy. Has Closed 50 short sales since January 2009. A combined total of liens negotiated: 82. Negotiated forgiveness of Debt: over $11 million. Has been an independent real estate broker since 2006. Started Others Realty in mid 2009.