The US Treasury Department has announced the formation of a new incentive program aimed at encouraging mortgage servicers to pursue short sales. Details are expected later this month. The program is expected to simplify the process of pursuing short sales by standardizing the process, documentation and timeframes.
A short sale is a transaction in which a lender allows a borrower to sell their home for less than what is owed. The key to a successful short sale is obtaining written lender approval. Pat Holkesvig & Your Home Team have extensive short sale negotiation experience. We currently have more short sale listings than any than any other agent in San Joaquin County. We attribute our 90%+ success rate to understating the short sale process and having key contacts at all the major banks. We received 3 approvals for Stockton short sales this week!