How to Determine Whether a Short Sale Will Fail

The result of a short sale is never certain. The process involves long periods of waiting while the bank decides if it will accept the offer. The buyer is also left to wait for a decision, sometimes up to six months or longer. In order to avoid having your short sale fail, it is important to know the factors that can cause that to happen. Even if you have found a real estate agent to list your home as a short sale does not mean that the bank will accept the offer. You have to first apply for a short sale before the process can begin. Before an agent agrees to take the listing, they should consider if the short sale is likely to fail. Read the full article here: