The SF Chronicle had good article about short sales and the process is getting easier for pre-foreclosure Specialists. But if you use your realtor friend in the neighborhood you are not going to see any reduction in the turn around time. If you want success – seek out the specialist.
…Last year, lenders often took three to six months to respond to a short-sale offer…. the Obama administration put pressure on lenders to do more short sales and fewer foreclosures…. If buyers know they can expect a response from the lender in 30 to 45 days and not four to six months, they’ll be more inclined to make an offer….
Click here to get the full article