How do I get a list of short sales?

How to Find a Short Sale

Contact local real estate offices and get on a list of people interested in short sales.
Check MLS listings on real estate websites.
Search courthouse filings for “pre-foreclosures” in the area.
Select those pre-foreclosure properties that interest you based on their location and other factors.

What is a short sale specialist?

Short sale specialists can assist distressed homeowners sell real estate that they are no longer able to afford. It is common for a short sale specialist to have experience in dealing with loan company loss mitigation departments and extensive knowledge of applicable laws or regulations.

What’s the meaning of short sale?

A short sale in real estate is when a financially distressed homeowner sells their property for less than the amount due on the mortgage. The buyer of the property is a third party (not the bank), and all proceeds from the sale go to the lender.

How do you become a short sale expert?

Steps To Become Certified

Be a member in good standing with the National Association of REALTORS® Have an active membership with NAR/Local Association.
Complete the course, “Short Sales and Foreclosures: What Real Estate Professionals Need to Know”
Submit the one-time application fee of $175: Get certified now for SFR®

Where can I find a good short sale agent?

Try to hire a local agent within your MLS area. Don’t be bamboozled by a slick, fast-talking real estate agent who might claim to be a short sale specialist. It’s very popular in some areas for agents to call themselves a short sale specialist after taking a short sale class.

Can a realtor work on a short sale?

Although not every real estate agent is a REALTOR ®, the REALTOR® Code of Ethics prohibits an agent from working outside of the agent’s specialty. Some agents might argue that neighborhood experience lays the groundwork for a specialty. However, the difference between a short sale and a regular equity transaction is too great.

Can a short sale agent guarantee a time period?

There are no guarantees except for preapproved HAFA short sales. No agent can guarantee a certain time period, but many should be able to give you an estimate of time based on their experience with similar types of short sales. Establish how long you will wait for short sale approval in advance.